Wells Fargo Bolsters National Mortgage Servicing Association Representation
The National Mortgage Servicing Association (NMSA) announced that Wells Fargo Home Mortgage (WFHM) SVP and Head of Servicing Change Delivery Gui Kahl has joined the organization. Kahl succeeds J.K. Huey, who retired in May, as one of two ...
CFPB issues implementation date guidance to mortgage servicing rule
The Consumer Financial Protection Bureau released updated guidance along with two technical corrections to the final mortgage servicing rule that is set to go into effect on Oct. 19. The bureau released two documents that relate to the 2016 Amendments ...
Waivers Granted for Early Compliance with Servicing Rules
Fifth Third Bank reports residential mortgage lending increase in Q2
Net mortgage servicing revenue dropped to $18 million, down from $23 million in the first quarter this year and $21 million in the second quarter of 2016. And as its mortgage servicing revenue dropped, so did its provision for loan and lease losses ...
Las Vegas Review-Journal
Mortgage servicers do make mistakes
Las Vegas Review-Journal
Do you have warm feelings about your mortgage servicer? If you have a mortgage, you have a servicer. It's the company you send your monthly payments to. If you're like me, you're cool with your servicer as long as it doesn't screw something up.
What is causing considerable operational headaches in the mortgage sector?
The 22nd Annual Western States Loan Servicing & Technology Conference in San Diego brings together some of the veterans of the residential mortgage sector to talk about the business of technology. Sponsored by the California Mortgage Bankers ...
Citi mortgage originations slashed in half in second quarter
Meanwhile, looking back, the bank's first-quarter earnings report revealed a drastic shift away from its mortgage servicing rights portfolio, as continued to shed mortgage-servicing rights. According to Citi's first-quarter report, the bank claimed ...
New York Community Bank selling mortgage business to Freedom Mortgage, Cerberus
The bank announced Tuesday that it is selling its mortgage banking business, including its origination and servicing platforms, and the bank's mortgage servicing rights portfolio, to Freedom Mortgage. According to NYCB, its servicing portfolio carries ...
New York Community To Sell Mortgage Banking Business To Freedom Mortgage
Freedom Mortgage Agrees to Acquire Residential Mortgage Assets from New York Community Bank
New York Community Bancorp, Inc. - NYCB - Stock Price Today - Zacks - Zacks Investment Research
Mortgage Servicer's Transfer Notice Violates FDCPA
Mortgage servicers need to carefully review their Transfer Notices when the debt is in default at the time of transfer. In an unpublished decision, the Eastern District of New York recently held that a “Notice of Servicing Transfer” violated 15 U.S.C ...
CFPB issues policy guidance and technical corrections for mortgage servicing rule amendments
JD Supra (press release)
The CFPB recently issued two updates for its Mortgage Servicing Rule amendments to Regulations X and Z. Issued on August 4, 2016, the Mortgage Servicing Final Rule amended various aspects of the existing Mortgage Servicing Rules. These changes will ...