Category: HUD

Borrower Outreach Events Proving Successful at Preventing Foreclosures

DSNews  BY:  Brian Honea November 17, 2015 Foreclosures have been continually on the decline nationwide for a few years. While much of the decline can be attributed to a recovering economy, another driver of the drop in foreclosures is increased borrower outreach efforts from various organizations. Borrower outreach events include HUD-approved housing counselors and mortgage […]

HUD Awards New Mortgagee Compliance Manager Contract for $42 Million

DSNews   By: Brian Honea  June 17, 2015 Bethsesda, Maryland-based IT and logistical support provider Information Systems & Network (ISN) Corporation has been awarded the contract to serve as Mortgagee Compliance Manager (MCM) for the U.S. Department of Housing and Urban Development (HUD). The MCM contract was awarded to ISN for the amount of $42,048,600. […]

HUD Widely Praised For Amending HECM Program, Helping Seniors Avoid Foreclosure

DSNews    By:  Brian Honea Those affected by the U.S. Department of Housing and Urban Development (HUD)’s decision on Friday, June 12, to allow servicers to allow surviving non-borrowing spouses in HUD’s reverse mortgage program to stay in their home if the mortgage was originated prior to August 4, 2014, widely applauded the Department’s decision […]

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