Tuesday, July 07, 2009

More California Foreclosure "Prevention" Act Exemptions

This is an update to an earlier post on mortgage lenders and servicing companies that have been granted exemptions to the 2009 California Foreclosure Prevention Act. California required mortgage servicers to extend the foreclosure process for an additional 90 days (on top of the normal 90 day process), unless the servicer "has implemented a comprehensive loan modification program."

In California, mortgage servicers and lenders are regulated by one of three agencies, The Department of Financial Institutions, The Department of Corporations, or The Department of Real Estate. Here is an updated combined list of exempted servicers and lenders (there are now 65):

AMERICAN HOME MORTGAGE SERVICING, INC.
AURORA LOAN SERVICES LLC
BAC HOME LOANS SERVICING, LP
BANK OF AMERICA, NA
BENEFICIAL CALIFORNIA INC.
BENEFICIAL FINANCIAL I INC.
CAPITAL FINANCIAL SERVICES, INC.
CARRINGTON MORTGAGE SERVICES, LLC
CHAMPION MORTGAGE COMPANY (NATIONSTAR MORTGAGE)
CHASE HOME FINANCE LLC
CITIMORTGAGE, INC.
COLDWELL BANKER MORTGAGE
CENTURY 21 MORTGAGE
ERA MORTGAGE
EMC MORTGAGE CORPORATION
FAY SERVICING, LLC
FIFTH THIRD MORTGAGE COMPANY
FIRST CALIFORNIA MORTGAGE COMPANY
GMAC MORTGAGE, LLC
GREEN PLANET SERVICING, LLC
GREEN TREE SERVICING LLC
H&R BLOCK BANK
HOMECOMINGS FINANCIAL, LLC
HOMEQ SERVICING (BARCLAYS CAPITAL REAL ESTATE)
HOUSEHOLD FINANCE CORPORATION OF CALIFORNIA
HSBC CREDIT CENTER, INC.
HSBC MORTGAGE CORPORATION
HSBC MORTGAGE SERVICES INC.
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
KONDAUR CAPITAL CORPORATION
LITTON LOAN SERVICING LP
OCWEN LOAN SERVICING, LLC
PENNYMAC LOAN SERVICES, LLC
PHH MORTGAGE SERVICES/INSTAMORTGAGE.COM/
RESIDENTIAL CREDIT SOLUTIONS, INC.
RESMAE MORTGAGE CORPORATION
SAXON MORTGAGE SERVICES, INC.
SELECT PORTFOLIO SERVICING, INC.
SELENE FINANCE LP
SPECIALIZED LOAN SERVICING LLC
U.S. BANK NATIONAL ASSOCIATION
VALUE HOME LOAN, INC.
VERICREST FINANCIAL, INC.
WALTER MORTGAGE COMPANY
WELLS FARGO BANK
WILSHIRE CREDIT CORPORATION
Clifford Douglas
Val-Chris Investments Inc
Property Assets Inc.
New Haven Financial Inc
Del Toro Loan Servicing Inc
Wealthbridge Mortgage Corp
Citadel Servicing Corporation
Christian Community Credit Union
Financial Partners Credit Union
First Entertainment Credit Union
First Federal Bank of California, FSB
First U.S. Community Credit Union
Fresno County Federal Credit Union
High Desert Federal Credit Union
Kinecta Federal Credit Union
OneWest Bank, FSB
Provident Credit Union
SAFE Credit Union
USE Credit Union

5 comments :

Anonymous said...

The list of those not exempted might be shorter...

Sippn

Max said...

I was thinking the same thing. Hopefully this puts the moratorium myth to bed.

Anonymous said...

Remember to file a complaint with the FTC against Specialized Loan's practices:

https://www.ftccomplaintassistant.gov/FTC_Wizard.aspx?Lang=en

File a Better Business Bureau complaint too:
https://odr.bbb.org/odrweb/public/getstarted.aspx

Anonymous said...

At least you're talking about news. Sac Bee's headline about CA property roles falling is a little old as the assessor has been talking about it for years.

Sippn

Max said...

At least you're talking about news.

I'm just sick of the delays on the data releases. We know the stuff is bad, waiting two weeks won't make it better.