News

Banks’ mortgage-servicing lines post losses amid falling rates - The Real Deal
Banks’ mortgage-servicing lines post losses amid falling rates  The Real Deal

Falling interest rates are generally seen as a boon to banks' mortgage business as borrowers increasingly take out new loans to buy homes or refinance.

Incenter brokering $8 billion in GSE mortgage servicing rights - National Mortgage News
Incenter brokering $8 billion in GSE mortgage servicing rights  National Mortgage News

An $8 billion mortgage servicing rights package consisting of newly originated conforming loans is up for bid, according to broker Incenter Mortgage Advisors.

Opinion Ginnie Mae and the politics of prepayments - National Mortgage News
Opinion Ginnie Mae and the politics of prepayments  National Mortgage News

Wide short-term swings in interest rates — and loan prepayments — that we've all witnessed have serious secondary effects on consumers, lenders, investors ...

Mortgage servicer to pay attorney fees, fines for Maine foreclosures - Press Herald
Mortgage servicer to pay attorney fees, fines for Maine foreclosures  Press Herald

A Florida-based loan servicing company has agreed to pay $84,000 to cover attorneys fees, penalties and costs associated with improper foreclosures it initiated ...

5 Key Features Of The Rocket Mortgage Homepage - Zing! Blog by Quicken Loans
5 Key Features Of The Rocket Mortgage Homepage  Zing! Blog by Quicken Loans

Here at Quicken Loans® we're always looking for better ways to serve our clients. For more than 1.8 million clients whose loans we *service* we're constantly ...

Mortgage servicer to return $50K to Maine homeowners - Mainebiz
Mortgage servicer to return $50K to Maine homeowners  Mainebiz

Ocwen Financial Corp. will return $50000 in wrongly charged attorney's fees to 24 Maine residents, and pay $24000 in civil penalties and $10000 in ...

Mortgage servicing rights hit results in 2Q loss at Mr. Cooper - National Mortgage News
Mortgage servicing rights hit results in 2Q loss at Mr. Cooper  National Mortgage News

Mr. Cooper Group reported a second-quarter net loss of $87 million as the company took a $231 million fair value hit to its mortgage servicing rights portfolio.

Mortgage servicer customer experience efforts are a flop: J.D. Power - National Mortgage News
Mortgage servicer customer experience efforts are a flop: J.D. Power  National Mortgage News

Mortgage servicer customer satisfaction levels are among the lowest of any industry as more companies prioritize cost-cutting, regulation and default ...

Carrington Mortgage Services allegedly failed to work with consumer to assume loan after divorce - West Virginia Record
Carrington Mortgage Services allegedly failed to work with consumer to assume loan after divorce  West Virginia Record

MARTINSBURG – A consumer alleges a national mortgage servicing corporation failed to work with her to assume the loan on her home after her divorce.

BofA sides with elderly borrowers in Ditech bankruptcy - American Banker
BofA sides with elderly borrowers in Ditech bankruptcy  American Banker

Bank of America, which took heat for how it treated customers in the mortgage crisis a decade ago, has emerged as a champion of elderly borrowers in Ditech's ...

Sutherland Mortgage Services delivers process transformation through automation - HousingWire
Sutherland Mortgage Services delivers process transformation through automation  HousingWire

Mortgage lending has undergone a sea change in the last several years, requiring mortgage companies to do more with less as they look to meet increased ...

CIT buying Mutual of Omaha Bank, but not its mortgage business - HousingWire
CIT buying Mutual of Omaha Bank, but not its mortgage business  HousingWire

CIT Bank, the banking subsidiary of CIT Group, is set to grow its operation by acquiring Mutual of Omaha Bank, the banking arm of insurance giant Mutual of ...

Building Trust in Servicing - DSNews.com
Building Trust in Servicing  DSNews.com

Due to their nature, most mortgage servicers are not selected by their customers, and as a result, some of the lowest customer satisfaction and Net Promoter ...

Mortgage Tech Rundown: Calyx, LoanLogics, and Visionet Systems - HousingWire
Mortgage Tech Rundown: Calyx, LoanLogics, and Visionet Systems  HousingWire

Mortgage Tech Rundown looks at the latest news in mortgage technology, featuring new product updates, integrations and announcements. Calyx announced ...

Dougherty Mortgage Closes $11.6 Million Fannie Mae Loan for The Life at Snapfinger Woods - MultifamilyBiz.com
Dougherty Mortgage Closes $11.6 Million Fannie Mae Loan for The Life at Snapfinger Woods  MultifamilyBiz.com

ATLANTA, GA - The Atlanta, Georgia office of Dougherty Mortgage recently closed an $11.6 million Fannie Mae loan for the refinancing of The Life at...

New Jersey Joins Other States Regulating Student Loan Servicers - JD Supra
New Jersey Joins Other States Regulating Student Loan Servicers  JD Supra

A&B Abstract - New Jersey recently enacted its own version of a Student Loan Bill of Rights, which requires the licensing of any person acting “directly or ...

Trailing Doc and U/W Products; Vendor Trends and News, Capital Markets - Mortgage News Daily
Trailing Doc and U/W Products; Vendor Trends and News, Capital Markets  Mortgage News Daily

Builders can't complain too much about material prices anymore. Building materials prices rose only 0.7% in July, and are down overall year-over-year. Despite ...

NY attorney general opposes Ditech sale, announces investigation into reverse mortgage business - HousingWire
NY attorney general opposes Ditech sale, announces investigation into reverse mortgage business  HousingWire

Just last week, Bank of America filed a motion in bankruptcy court objecting to Ditech Holding's sale of its reverse mortgage business, claiming that the current ...

Expert: Blockchain to create a new world order for mortgage industry - HousingWire
Expert: Blockchain to create a new world order for mortgage industry  HousingWire

The servicing industry is in dire need of a technology update, and one expert explained blockchain could be the key the industry is missing. “Blockchain is a ...

New Residential Investment Corp. Makes Investment in Field Services Company, Guardian Asset Management - Yahoo Finance
New Residential Investment Corp. Makes Investment in Field Services Company, Guardian Asset Management  Yahoo Finance

New Residential Investment Corp. (NYSE:NRZ, “New Residential”, the “Company”) today announced the signing of an agreement to acquire 100% of the shares ...

Lakeview Loan v Comtois | Legals - Rutland Herald
Lakeview Loan v Comtois | Legals  Rutland Herald

STATE OF VERMONT SUPERIOR COURT Civil Division Rutland Unit Docket No. 99-2-18 Rdcv LAKEVIEW LOAN SERVICING, LLC. Plaintiff, v. MICHAEL ...

MQMR Adds Mortgage Industry Veteran Stephen Sherman as COO - Mortgageorb
MQMR Adds Mortgage Industry Veteran Stephen Sherman as COO  Mortgageorb

Seasoned mortgage and real estate professional Stephen Sherman has joined Mortgage Quality Management and Research (MQMR) as chief operating officer.

Barclays Mortgage Servicer Beats Suit Over Foreclosure Fees - Law360
Barclays Mortgage Servicer Beats Suit Over Foreclosure Fees  Law360

Law360 (July 22, 2019, 5:01 PM EDT) -- A New York federal judge gave Barclays Capital Real Estate Inc. a quick win on Saturday in a lawsuit accusing its ...

Citizens' Bottom Line Hit by Higher Costs: Should You Sell? - Nasdaq
Citizens' Bottom Line Hit by Higher Costs: Should You Sell?  Nasdaq

Citizens Financial Group 's CFG bottom line is affected by rising cost base and unimpressive fee income growth story. Also, pending legal issues.

Lawsuit alleging predatory lending practices removed to federal court - West Virginia Record
Lawsuit alleging predatory lending practices removed to federal court  West Virginia Record

CHARLESTON — A lawsuit against NewRez LLC alleging predatory lending has been removed to federal court.

UK Banks and Building Societies Can Accelerate Digital Mortgage Origination With Oracle - Yahoo Finance
UK Banks and Building Societies Can Accelerate Digital Mortgage Origination With Oracle  Yahoo Finance

LONDON, Aug. 19, 2019 /PRNewswire/ -- Now available in the UK, Oracle Banking Enterprise Originations solution will help banks and building societies ...

Bankers welcome rush of refis, but it's no cure-all - American Banker
Bankers welcome rush of refis, but it's no cure-all  American Banker

With long-term interest rates at historic lows, mortgage refinancing is coming on strong. But that additional revenue may not be enough to offset net interest ...

J.D. Power: Quicken Loans and State Farm could both reap serious rewards from unique mortgage partnership - HousingWire
J.D. Power: Quicken Loans and State Farm could both reap serious rewards from unique mortgage partnership  HousingWire

State Farm and Quicken Loans shook up the housing world last week when the two companies announced a unique new partnership that will allow State Farm ...

Loan Origination and Servicing Software Market 2019 Strategic Assessments- Ellie Mae, Calyx Software, FICS, Fiserv, Byte Software - X Herald
Loan Origination and Servicing Software Market 2019 Strategic Assessments- Ellie Mae, Calyx Software, FICS, Fiserv, Byte Software  X Herald

The Global Loan Origination & Servicing Software Market research provides a basic overview of the industry including definitions, classifications, applications ...

Oaktree Capital Securitizes $416M of Non-QM Mortgages With Partner Citadel Servicing - National Mortgage Professional Magazine
Oaktree Capital Securitizes $416M of Non-QM Mortgages With Partner Citadel Servicing  National Mortgage Professional Magazine

A valued business partner of Citadel Servicing Corporation, Oaktree Capital Management, has issued its second rated securitization totaling $416619,5.

7 ways borrowers are changing mortgage servicing - National Mortgage News
7 ways borrowers are changing mortgage servicing  National Mortgage News

Whether through greater investments in technology and talent, or streamlining back-end processes to improve the decision-making process, mortgage servicers ...

Protecting homeowner data in the digital age of mortgage finance - HousingWire
Protecting homeowner data in the digital age of mortgage finance  HousingWire

According to Verizon's 2019 Data Breach Investigations Report, 10% of the 2013 breaches that occurred in 2018 were within the financial industry. Personal ...

Texas Capital (TCBI) Down 6.9% Since Last Earnings Report: Can It Rebound? - Yahoo Finance
Texas Capital (TCBI) Down 6.9% Since Last Earnings Report: Can It Rebound?  Yahoo Finance

It has been about a month since the last earnings report for Texas Capital (TCBI). Shares have lost about 6.9% in that time frame, underperforming the S&P 500.

Mohammad Rashid: Use of Big Data, AI in Mortgage is Nowhere Near its Full Potential - Mortgageorb
Mohammad Rashid: Use of Big Data, AI in Mortgage is Nowhere Near its Full Potential  Mortgageorb

PERSON OF THE WEEK: Big data, automation and artificial intelligence (AI) are revolutionizing the mortgage industry – but it would seem that mortgage lenders ...

Bloomberg: Mortgage servicing needs fixing, and here's what should be done - HousingWire
Bloomberg: Mortgage servicing needs fixing, and here's what should be done  HousingWire

Mortgage servicers are “unsung professionals” who play a crucial role in the U.S. economy, Bloomberg says, but they're not doing their jobs well. But to be fair, ...

York County’s growth spurs private and public developments - Charlotte Business Journal
York County’s growth spurs private and public developments  Charlotte Business Journal

After half a decade as the region's fastest-growing county, York County shows no signs of slowing down. Private development is meeting public investment as ...

Carmel in brief — August 20, 2019 - Current in Carmel
Carmel in brief — August 20, 2019  Current in Carmel

Hoosier Women Forward – Erin Vahrenkamp of Carmel is among 24 Democratic women from across Indiana selected for Hoosier Women Forward's second ...

Why Is IBM (IBM) Down 11.8% Since Last Earnings Report? - Yahoo Finance
Why Is IBM (IBM) Down 11.8% Since Last Earnings Report?  Yahoo Finance

It has been about a month since the last earnings report for IBM (IBM). Shares have lost about 11.8% in that time frame, underperforming the S&P 500. Will the ...

CFPB settles with BSI Financial Services over numerous mortgage servicing issues - HousingWire
CFPB settles with BSI Financial Services over numerous mortgage servicing issues  HousingWire

The Consumer Financial Protection Bureau announced Wednesday that an investigation into the business practices of BSI Financial Services found that the ...

Mortgage servicer financials to improve in 2019 as market complexity grows - National Mortgage News
Mortgage servicer financials to improve in 2019 as market complexity grows  National Mortgage News

Mortgage servicing assets are poised for gains in 2019. But as higher average mortgage rates spur lenders to sell servicing rights and diversify their loan ...

Freedom Mortgage to acquire RoundPoint Mortgage Servicing | 2019-05-24 - HousingWire
Freedom Mortgage to acquire RoundPoint Mortgage Servicing | 2019-05-24  HousingWire

Freedom Mortgage and RoundPoint Mortgage Servicing are planning to merge, the companies announced Friday. The deal will make RoundPoint – which ...

OCC Puts Mortgage Servicing Under the Microscope - The MReport
OCC Puts Mortgage Servicing Under the Microscope  The MReport

Banks serviced approximately 16.9 million first-lien residential mortgage loans by the end of 2018 according to an OCC report. Click through to learn what the ...

Global Residential Mortgage Service Market 2019 Accenture, Residential Mortgage Services, Bigelow LLC. - World Industry Reports
Global Residential Mortgage Service Market 2019 Accenture, Residential Mortgage Services, Bigelow LLC.  World Industry Reports

The “Global Residential Mortgage *Service* Market 2018 Research Report” is an extensive Residential Mortgage *Service* Market research report contains an ...

Firm Capital Mortgage Investment Corp (TSE:FC) Announces $0.08 Monthly Dividend - Mayfield Recorder
Firm Capital Mortgage Investment Corp (TSE:FC) Announces $0.08 Monthly Dividend  Mayfield Recorder

Firm Capital Mortgage Investment Corp (TSE:FC) announced a monthly dividend on Tuesday, July 30th, TickerTech reports. Shareholders of record on Thursday ...

TCPA FCC Petitions Tracker August 2019 | Kelley Drye & Warren LLP - JD Supra
TCPA FCC Petitions Tracker August 2019 | Kelley Drye & Warren LLP  JD Supra

Kelley Drye's Communications Practice Group presents this tracker of active Telephone Consumer Protection Act (“TCPA”) petitions before the Federal ...

Freedom Mortgage Acquires JG Wentworth Home Lending - Mortgageorb
Freedom Mortgage Acquires JG Wentworth Home Lending  Mortgageorb

Signaling further consolidation in the mortgage lending industry, Freedom Mortgage Corp. has acquired J.G. Wentworth Home Lending, a subsidiary of J.G. ...

The Hot Trade in the Housing Market: Servicing Your Mortgage - The Wall Street Journal
The Hot Trade in the Housing Market: Servicing Your Mortgage  The Wall Street Journal

The mortgage-market slowdown is stirring up interest in a humdrum segment of American home lending: the rights to the arcane task of handling monthly ...

MBA Servicing: What does the future of mortgage servicing look like? - HousingWire
MBA Servicing: What does the future of mortgage servicing look like?  HousingWire

After a moving opening session by author Janine Driver — who reminded attendees of the hope they can offer those in foreclosure even if they can't save the ...

Maine Creates Mortgage Servicer Duty of Good Faith - JD Supra
Maine Creates Mortgage Servicer Duty of Good Faith  JD Supra

Maine is joining the ranks of states whose requirements for mortgage servicers may exceed those of the CFPB's Mortgage Servicing Rules. Effective September ...

IMPAC Mortgage Holdings, Inc (NYSEAMERICAN:IMH) Sees Significant Decrease in Short Interest - Sundance Herald
IMPAC Mortgage Holdings, Inc (NYSEAMERICAN:IMH) Sees Significant Decrease in Short Interest  Sundance Herald

IMPAC Mortgage Holdings, Inc (NYSEAMERICAN:IMH) was the target of a large decline in short interest in July. As of July 15th, there was short interest totalling ...

MBA Servicing: Mortgage borrowers are now your biggest asset - HousingWire
MBA Servicing: Mortgage borrowers are now your biggest asset  HousingWire

Like many parts of the mortgage industry, the servicing business is undergoing some seismic changes. Having largely dug their way out of legacy foreclosure ...

Mortgage servicer agrees to pay $7.8 million in escrow interest in CDBO action - Lexology
Mortgage servicer agrees to pay $7.8 million in escrow interest in CDBO action  Lexology

On June 18, the California Department of Business Oversight (CDBO) announced a $7.8 million settlement with a mortgage servicer to pay allegedly…

Ocwen settles with Massachusetts over alleged widespread mortgage servicing issues - HousingWire
Ocwen settles with Massachusetts over alleged widespread mortgage servicing issues  HousingWire

Ocwen Financial will provide $2 million in restitution to mortgage borrowers in the state of Massachusetts as part of settlement with the state over alleged ...

Taking Mortgage Servicing Into the Digital Age - DSNews.com
Taking Mortgage Servicing Into the Digital Age  DSNews.com

RoundPoint Mortgage Servicing Corporation announced this week that it has been approved by Fannie Mae and Freddie Mac to *service* eNotes. Click through ...

HousingWire's Mortgage Services Guide narrows down your loan servicing search - HousingWire
HousingWire's Mortgage Services Guide narrows down your loan servicing search  HousingWire

HousingWire's Mortgage Services Guide is a one-stop shop for finding the *service* provider your business is looking for. This monthly blog will highlight different ...

Ditech Finds Two Buyers For Its Mortgage Servicing and Originations Business - Wall Street Journal
Ditech Finds Two Buyers For Its Mortgage Servicing and Originations Business  Wall Street Journal

The mortgage-servicing company, which filed for bankruptcy in February, said Tuesday it reached two separate deals with buyers for its forward and reverse ...

New Jersey Expands Regulation of Mortgage Servicers | Holland & Knight LLP - JD Supra
New Jersey Expands Regulation of Mortgage Servicers | Holland & Knight LLP  JD Supra

New Jersey Gov. Phil Murphy signed Assembly Bill A-4997 into law on April 29, 2019, dramatically expanding the state's regulation of residential mortgage ...

CFPB and Mortgage Servicer Settle Alleged RESPA Violations for Less than $240000 - JD Supra
CFPB and Mortgage Servicer Settle Alleged RESPA Violations for Less than $240000  JD Supra

The CFPB recently announced that it settled with a large mortgage servicer for the servicer's alleged violations of the Consumer Financial Protection Act of 2010, ...

Rising Cash-Out Refis Impacting Mortgage Servicer Retention Rates - Mortgageorb
Rising Cash-Out Refis Impacting Mortgage Servicer Retention Rates  Mortgageorb

The growing popularity of cash-out refinances is creating volatility in the refinance market and, in turn, the mortgage servicing industry, Black Knight's Mortgage ...

TMS Leading Charge to Bring Blockchain to Mortgage Servicing - Mortgageorb
TMS Leading Charge to Bring Blockchain to Mortgage Servicing  Mortgageorb

TMS (The Money Source), a national financial services and mortgage company, reports that it has provisional approval for three patents related to the use of ...

BSI Financial Secures $140M for Mortgage Servicing Rights - DSNews.com
BSI Financial Secures $140M for Mortgage Servicing Rights  DSNews.com

BSI Financial Services, a Texas-based mortgage servicing operations platform, announced that it has partnered with two institutional investors to purchase ...

Pepper UK to service Habito's new range of mortgages - Mortgage Finance Gazette Online
Pepper UK to service Habito's new range of mortgages  Mortgage Finance Gazette Online

Habito has appointed Pepper UK to provide the end-to-end servicing of its new portfolio of buy-to-let mortgages, it has been announced.

CFPB calls out reverse mortgage servicing problems - HousingWire
CFPB calls out reverse mortgage servicing problems  HousingWire

As part of its ongoing effort to keep tabs on loan servicers, the Consumer Financial Protection Bureau released a report this week that highlighted problems with ...

1.06 is Trustmark Corp's (NASDAQ:TRMK) Institutional Investor Sentiment - The MAK Daily
1.06 is Trustmark Corp's (NASDAQ:TRMK) Institutional Investor Sentiment  The MAK Daily

Trustmark Corp (NASDAQ:TRMK) institutional sentiment increased to 1.06 in 2019 Q1. Its up 0.09, from 0.97 in 2018Q4. The ratio is more positive, as 75 ...

The Benefits of Paperless Mortgage Servicing - Mortgageorb
The Benefits of Paperless Mortgage Servicing  Mortgageorb

Yet so many mortgage servicing companies continue to give the Lorax – the famous Dr. Seuss character who “speaks for the trees” – a reason to scold, as they ...

Who would dare buy Ditech's reverse mortgage servicing business? - HousingWire
Who would dare buy Ditech's reverse mortgage servicing business?  HousingWire

The mortgage space is in the throes of a “massive and truly terrible period of restructuring that conjures up biblical images of the apocalypse,” wrote R.

Mortgage Loan Defaults: A Lesson Learned for Servicers - The MReport
Mortgage Loan Defaults: A Lesson Learned for Servicers  The MReport

An expert gives insights on how a court ruling has made servicers relook at their best practices while resolving disputes related to mortgage defaults.

IBM lays off 310 mortgage servicing staff at Seterus - HousingWire
IBM lays off 310 mortgage servicing staff at Seterus  HousingWire

More than 300 employees working for mortgage servicer Seterus in Durham, North Carolina, will be out of a job come March. The news, revealed by a local CBS ...

Urban Institute to FHA: Fix your reverse mortgage servicing problems - HousingWire
Urban Institute to FHA: Fix your reverse mortgage servicing problems  HousingWire

Policymakers have long struggled with how to fix the Federal Housing Administration's reverse mortgage program to prevent it from draining the agency's ...

HomeStreet selling off majority of mortgage business to Homebridge, New Residential, PennyMac - HousingWire
HomeStreet selling off majority of mortgage business to Homebridge, New Residential, PennyMac  HousingWire

HomeStreet Bank's move away from mortgages is nearly complete. Earlier this year, HomeStreet, a community bank and mortgage lender that operates bank ...

MGJ Advisory Solutions Improves Market Transparency via the Mortgage Servicing Asset Index (MSAI™) - PRNewswire
MGJ Advisory Solutions Improves Market Transparency via the Mortgage Servicing Asset Index (MSAI™)  PRNewswire

RANCHO CUCAMONGA, Calif., June 3, 2019 /PRNewswire/ -- Participants in the residential mortgage market are often plagued with the lack of clarity in...

New Rules on the Horizon: NYDFS Proposes Overhaul to Mortgage Loan Servicer Business Conduct Rules - JD Supra
New Rules on the Horizon: NYDFS Proposes Overhaul to Mortgage Loan Servicer Business Conduct Rules  JD Supra

A complete overhaul of a complicated set of rules means not just changes in the structure of the rules but changes as significant as definitions and as seemingly ...

Parts of a Whole in Default Servicing - DSNews.com
Parts of a Whole in Default Servicing  DSNews.com

How are default servicers reducing friction and strengthening their networks? Editor's note: This feature originally appeared in the July issue of DS News, out ...

With interest rate volatility, mortgage servicing assets suffer - National Mortgage News
With interest rate volatility, mortgage servicing assets suffer  National Mortgage News

Readers of National Mortgage News will recall that shortly after long-term interest rates hit a peak around Thanksgiving of 2018 (at about 3.25% for the 10-year ...

CFPB Report: Loss Mit Problems and Servicer Solutions - DSNews.com
CFPB Report: Loss Mit Problems and Servicer Solutions  DSNews.com

In its 18th edition of its Supervisory Highlights, released Tuesday, the Consumer Financial Protection Bureau (CFPB) identified four areas of supervisory activity ...

Bank of America claims Ditech's sale of RMS threatens to abandon elderly reverse mortgage borrowers - HousingWire
Bank of America claims Ditech's sale of RMS threatens to abandon elderly reverse mortgage borrowers  HousingWire

Ditech Holdings announced in June that it had entered into an agreement to sell its reverse mortgage business, but now one of its big-named clients is formally ...

Mr. Cooper completes acquisition of IBM's Seterus mortgage servicing platform - HousingWire
Mr. Cooper completes acquisition of IBM's Seterus mortgage servicing platform  HousingWire

Mr. Cooper Group (the company formerly known as Nationstar) revealed this week that it completed its acquisition of IBM's Seterus mortgage servicing platform ...

Mortgage subservicing: What is it, and how can it work for my CU? - CUNA News
Mortgage subservicing: What is it, and how can it work for my CU?  CUNA News

It's done! The residential mortgage loan is successfully originated. And the financial institution (FI) is now contemplating whether to portfolio or perhaps sell into ...

Mr. Cooper Group buys IBM's Seterus mortgage servicing platform - HousingWire
Mr. Cooper Group buys IBM's Seterus mortgage servicing platform  HousingWire

Mr. Cooper Group (the company formerly known as Nationstar) purchased IBM's Seterus mortgage servicing platform in a deal announced Thursday, which ...

Mortgage Servicer BSI Financial Raises Capital to Purchase MSRs - Mortgageorb
Mortgage Servicer BSI Financial Raises Capital to Purchase MSRs  Mortgageorb

Mortgage servicer BSI Financial Services reports that it has partnered with two institutional investors to raise $140 million in capital that the company will use to ...

NYDFS Proposes Overhaul to Mortgage Loan Servicer Business Conduct Rules - JD Supra
NYDFS Proposes Overhaul to Mortgage Loan Servicer Business Conduct Rules  JD Supra

The New York Department of Financial Services has proposed significant changes to the mortgage servicer business conduct rules found in Part 419 of the ...

Law Firms and Mortgage Servicers Convene in Dallas - DSNews.com
Law Firms and Mortgage Servicers Convene in Dallas  DSNews.com

On Tuesday, the Five Star Institute hosted various default servicing industry experts at the 2019 Legal League 100 Spring Servicer Summit. The Spring Servicer ...

M&T Bank expands mortgage servicing business - Buffalo Business First - Buffalo Business First
M&T Bank expands mortgage servicing business - Buffalo Business First  Buffalo Business First

M&T Bank is building its mortgage servicing business by paying $146 million to *service* residential real estate loans with an outstanding balance of ...

New Jersey Passes Licensing Law for Nonbank Mortgage Servicers - Mortgageorb
New Jersey Passes Licensing Law for Nonbank Mortgage Servicers  Mortgageorb

BLOG VIEW: New Jersey recently introduced legislation that regulates mortgage servicing in the state. Under the new law, which takes effect July 28, servicers ...

Independent Bank Corporation Reports 2019 Second Quarter Results - Beloit Bulletin
Independent Bank Corporation Reports 2019 Second Quarter Results  Beloit Bulletin

GRAND RAPIDS, Mich., July 25, 2019 (GLOBE NEWSWIRE) — Independent Bank Corporation (NASDAQ: IBCP) reported second quarter 2019 net income of ...

Signature Bank Establishes Mortgage Servicing Banking Initiative With Appointment of New Team; Also Adds Fifth Private Client Banking Team to San Francisco Office - Yahoo Finance
Signature Bank Establishes Mortgage Servicing Banking Initiative With Appointment of New Team; Also Adds Fifth Private Client Banking Team to San Francisco Office  Yahoo Finance

Signature Bank (SBNY), a New York-based full-*service* commercial bank, announced today the appointment of two private client banking teams. A private client ...

Ohio Mortgage Servicing Update | Bradley Arant Boult Cummings LLP - JD Supra
Ohio Mortgage Servicing Update | Bradley Arant Boult Cummings LLP  JD Supra

The Ohio Division of Financial Institutions (DFI) recently provided the much-needed updates to the recent legislation that expanded the registration requirements ...

Are you a part of the servicing technology revolution? - HousingWire
Are you a part of the servicing technology revolution?  HousingWire

Just as AirBnb and Lyft radically disrupted the hotel and transportation industries, the mortgage servicing industry is ripe for a technology revolution of its own.

Gables Capital Management Inc. Reduces Stock Position in Two Harbors Investment Corp (NYSE:TWO) - Mayfield Recorder
Gables Capital Management Inc. Reduces Stock Position in Two Harbors Investment Corp (NYSE:TWO)  Mayfield Recorder

Gables Capital Management Inc. reduced its holdings in Two Harbors Investment Corp (NYSE:TWO) by 56.6% during the second quarter, according to the ...

Woman alleges Shellpoint Mortgage Servicing illegally refused mortgage payments - West Virginia Record
Woman alleges Shellpoint Mortgage Servicing illegally refused mortgage payments  West Virginia Record

SUMMERSVILLE – A Birch River woman claims that her payments on a mortgage loan were rejected illegally and she was threatened with legal action despite ...

Fannie Mae, Freddie Mac Give RoundPoint Mortgage Servicing Green Light to Service E-Notes - Mortgageorb
Fannie Mae, Freddie Mac Give RoundPoint Mortgage Servicing Green Light to Service E-Notes  Mortgageorb

RoundPoint Mortgage Servicing Corp. reports that it has been approved by Fannie Mae and Freddie Mac to *service* and purchase electronic promissory notes, ...

Freedom Mortgage and RoundPoint Mortgage Servicing to Merge - Mortgageorb
Freedom Mortgage and RoundPoint Mortgage Servicing to Merge  Mortgageorb

Freedom Mortgage Corp. and RoundPoint Mortgage Servicing Corp. have entered into a merger agreement in which RoundPoint will become a wholly-owned ...

CFPB Exam Points to Potential Reverse Mortgage Servicing Problems - Reverse Mortgage Daily
CFPB Exam Points to Potential Reverse Mortgage Servicing Problems  Reverse Mortgage Daily

The Consumer Financial Protection Bureau (CFPB) released the 18th edition of its Supervisory Highlights on Tuesday, which includes examinations of reverse ...

Two Harbors Investment Corp (NYSE:TWO) Shares Sold by NN Investment Partners Holdings N.V. - Sundance Herald
Two Harbors Investment Corp (NYSE:TWO) Shares Sold by NN Investment Partners Holdings N.V.  Sundance Herald

NN Investment Partners Holdings N.V. decreased its holdings in shares of Two Harbors Investment Corp (NYSE:TWO) by 86.0% during the second quarter, ...

Zions Bancorporation NA - Consenus Indicates Potential 21.8% Upside - DirectorsTalk Interviews
Zions Bancorporation NA - Consenus Indicates Potential 21.8% Upside  DirectorsTalk Interviews

Zions Bancorporation N.A. with ticker code (ZION) have now 24 analysts covering the stock with the consensus suggesting a rating of 'Buy'. The range.

Mortgage borrowers win protection in Ditech bankruptcy, Ditech fights back - HousingWire
Mortgage borrowers win protection in Ditech bankruptcy, Ditech fights back  HousingWire

The long and winding saga of Ditech's bankruptcy continues, as the U.S. Trustee grants a request to create a committee to protect consumer interests in the ...

Members Mortgage Services Signs Long-Term MSP Contract With Black Knight; Will Use Actionable Intelligence Platform - PRNewswire
Members Mortgage Services Signs Long-Term MSP Contract With Black Knight; Will Use Actionable Intelligence Platform  PRNewswire

Member Mortgage Services, a full-*service* mortgage lender, signed a multi-year contract for MSP, Black Knight's industry-leading servicing system. - The lender ...

Ocwen planning to lay off more than 2000 mortgage employees - HousingWire
Ocwen planning to lay off more than 2000 mortgage employees  HousingWire

Ocwen Financial plans to reduce its overall workforce by more than 2000 employees over the course of this year, as the nonbank moves to reduce its costs after ...

Hunt Companies Finance Trust Inc (NYSE:HCFT) Given Consensus Recommendation of “Strong Buy” by Analysts - Mayfield Recorder
Hunt Companies Finance Trust Inc (NYSE:HCFT) Given Consensus Recommendation of “Strong Buy” by Analysts  Mayfield Recorder

Hunt Companies Finance Trust Inc (NYSE:HCFT) has received an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage ...

HomeStreet Announces Sale of Home Loan Center-Based Mortgage Origination Business, Sale of Mortgage Servicing Rights, and Share Repurchase Program - Business Wire
HomeStreet Announces Sale of Home Loan Center-Based Mortgage Origination Business, Sale of Mortgage Servicing Rights, and Share Repurchase Program  Business Wire

SEATTLE--(BUSINESS WIRE)--HomeStreet, Inc. (Nasdaq:HMST) (the “Company” or “HomeStreet”), the parent company of HomeStreet Bank (the “Bank”), ...