The Real Estate Wonk: State, loan services hammer out a deal - Baltimore Sun reporter Jamie Smith Hopkins blogs about the local housing market

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State, loan services hammer out a deal

In trouble on your mortgage (or helping someone who is)?

The state Department of Labor, Licensing and Regulation said that loan servicers made several promises today about moves to help cut down on the rapidly rising number of foreclosures. The services said they would within 10 days provide information "about what is required from borrowers to access real loss mitigation solutions," meet again next month "to continue work on a streamline triage system for Maryland homeowners" and attend a training event for housing counselors.

State officials said the following servicers are participating in the effort (and all but two were at today's meeting):

Countrywide
Ocwen
CitiFinancial/CitiGroup Inc.
AmeriNational
GMAC ResCap
Option One
PHH Mortgage
Indy Mac
Wells Fargo
Litton Loan Servicing

Posted by Jamie Smith Hopkins on February 26, 2008 4:50 PM | Permalink

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About the blogger

Jamie Smith Hopkins, a Baltimore Sun reporter since 1999, writes about the regional economy. Her reporting on the housing market has won national and local awards. Hopkins is a Columbia native and has lived in Maryland all her life, save for 10 months spent covering schools in Ames, Iowa.
She trained to become a wonk by spending large chunks of time as a geek and an insufferable know-it-all.
• Baltimore Sun articles by Jamie