Mar 23, 2020 · PHH/NewRez Mortgage is not helping anyone. They are giving the standard you can skip paying for 3 months but the 4th month all missed months become due. So basically aren't helping. …

Nov 4, 2021 · Mortgage servicing rights owners like NewRez are the equiv. to junk debt buyers, and the original credit card companies (Chase, Capital One, etc...) are the equiv. to subprime trusts or the …

Once you enter into loss mitigation with a bank on your mortgage the chances of getting a modification are very slim. Especially if you recently bought a home at the high inflated prices. If your home goes …

NewRez makes insane profit by buying the loans from the trusts at paid-down (amortized, in my case $170K) balances and foreclose at the declared default balance: balance at default + interests+ fees …

NewRez, a subsidiary of Rithm Capital Corp. has been acquiring subprime servicers (Shellpoint, Ditech, etc... on their website),. For a subprime trust like mine, It bought remaining bonds in whole, then use …

Nov 4, 2021 · Anyway, NewRez's parent, Rithm with the servicing scam slowly exposed could not steal enough homes, has to file for $350 mills stock offering. Stock is down %5 today.

Nov 4, 2021 · BOfA, NewRez, PHH, and BONY all joined in their MOD asserting claim preclusion, issue preclusion, and statute of limitations. It looks like corporate America bands together throwing the …

Finally, I also found out that the GSEs like Freddie Mac also securitises billions of dollars of mortgages and their servicers are NewRez and it’s subsidiary Shellpoint .

From what I found in browsing detail loan level payments of numerous subprime trusts, the servicing right owners (likely to be Ocwen, NewRez) are stealing from the trusts. Like my loan, the trust's …

NewRez bought debts from Ditech for 2 pennies on the dollar (paid 1.2B for 62B UPB, search NewRez acquire Ditech news), now they are (through Shellpoint, NewRez bought Shellpoint too) giving you a …