News

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 ...

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 ...

IBM to slash more than 300 mortgage-servicing jobs - Mortgage Professional America
IBM to slash more than 300 mortgage-servicing jobs  Mortgage Professional America

More than 300 IBM mortgage employees will lose their jobs by March, the company has announced. According to a notice that IBM filed last week with the North ...

Mr. Cooper Group acquires IBM's Seterus mortgage servicing platform - Mortgage Professional America
Mr. Cooper Group acquires IBM's Seterus mortgage servicing platform  Mortgage Professional America

Mortgage servicer Mr. Cooper Group announced the acquisition of IBM's Seterus mortgage servicing platform, in a deal that expands Mr. Cooper's portfolio with ...

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 purchased IBM's Seterus mortgage servicing platform in a deal announced Thursday, which includes $24 billion in GSE mortgages and a ...

Reverse mortgage servicer Celink settles lawsuit for $4.25 million - HousingWire
Reverse mortgage servicer Celink settles lawsuit for $4.25 million  HousingWire

Celink settled a federal lawsuit regarding allegations that it violated the False Claims Act in relation to its servicing of reverse mortgage loans.

EXOS Technologies Selected as ServiceMac's Mortgage Servicing Solution - PRNewswire
EXOS Technologies Selected as ServiceMac's Mortgage Servicing Solution  PRNewswire

PITTSBURGH, Jan. 14, 2019 /PRNewswire/ -- ServiceMac, an innovative new entrant in the mortgage servicing and portfolio management market, has selected ...

IBM agrees to sell mortgage servicing unit | News - The Title Report
IBM agrees to sell mortgage servicing unit | News  The Title Report

Mr. Cooper Group Inc. has agreed to acquire servicing rights underlying $24 billion in GSE mortgages, to enter into a subservicing contract for an additional $24 ...

Coppell company to buy IBM mortgage servicing platform - Dallas Business Journal
Coppell company to buy IBM mortgage servicing platform  Dallas Business Journal

Mr. Cooper Group Inc. announced Thursday it has signed definitive agreements to purchase IBM's (NYSE: IBM) Seretus mortgage platform and other related ...

Fifth Circuit: Mortgage Servicing Rules Apply to Servicers Only - JD Supra
Fifth Circuit: Mortgage Servicing Rules Apply to Servicers Only  JD Supra

In a case of first impression, the Fifth Circuit has held that the CFPB's Mortgage Servicing Rules only apply to servicers and do not impute liability to the lender.

CFPB assesses mortgage servicing rules | News by Edition - RESPA News
CFPB assesses mortgage servicing rules | News by Edition  RESPA News

Five years after the Consumer Financial Protection Bureau passed its first mortgage servicing rules, the agency looked back on the effect of its rules on the ...

CFPB issues five-year lookback for 2013 ATR/QM and Mortgage Servicing Rule - Lexology
CFPB issues five-year lookback for 2013 ATR/QM and Mortgage Servicing Rule  Lexology

On January 10, the CFPB released the assessment reports required by Section 1022(d) of the Dodd-Frank Act for two of its 2013 mortgage rules: the TILA…

Mortgage lenders that also service loans face tough capital decisions - National Mortgage News
Mortgage lenders that also service loans face tough capital decisions  National Mortgage News

Nonbank mortgage servicers must gear up to meet new secondary market requirements and make some tough decisions about whether to buy, sell or hold ...

Exclusive: AmeriSave to acquire retail mortgage lending operations from TMS - HousingWire
Exclusive: AmeriSave to acquire retail mortgage lending operations from TMS  HousingWire

AmeriSave will take over the retail mortgage lending operations from TMS, sources close to the deal tell HousingWire. The strategic decision revolves primarily ...

Shellpoint reaches $4 million settlement for allegedly violating Massachusetts foreclosure laws - HousingWire
Shellpoint reaches $4 million settlement for allegedly violating Massachusetts foreclosure laws  HousingWire

Shellpoint Mortgage Servicing will provide Massachusetts homeowners with $3.5 million in principal reductions as part of a settlement with the state for allegedly ...

Mr. Cooper laying off 109 mortgage employees in California - HousingWire
Mr. Cooper laying off 109 mortgage employees in California  HousingWire

Over the last several months, layoffs have hit companies across the housing industry as the industry works to find solid footing in a shifting mortgage market.

Consumer Financial Protection Bureau publishes assessments of Ability to Repay and Mortgage servicing Rule - CUinsight.com
Consumer Financial Protection Bureau publishes assessments of Ability to Repay and Mortgage servicing Rule  CUinsight.com

WASHINGTON , DC (January 11, 2019) — The Consumer Financial Protection Bureau (Bureau) today published a report under section 1022(d) of the Wall ...

Reverse mortgage servicer settles FCA allegations for $4.25 million - Lexology
Reverse mortgage servicer settles FCA allegations for $4.25 million  Lexology

On December 21, the DOJ announced a $4.25 million settlement with a Michigan-based servicer in connection with alleged violations of the False Claims…

Arvest tops $2 billion in mortgages - Examiner Enterprise
Arvest tops $2 billion in mortgages  Examiner Enterprise

FAYETTEVILLE, Ark. — Arvest Bank announced recently that its mortgage division originated more than $2 billion in loans in 2018, the third time it has done so ...

Computershare Loan Services acquires LenderLive Network - Mortgage Professional America
Computershare Loan Services acquires LenderLive Network  Mortgage Professional America

Third-party mortgage *service* provider Computershare Loan Services recently acquired LenderLive Network, LLC, a fulfillment and secondary mortgage market ...

Wells, Chase mortgage results stifled by lagging activity - National Mortgage News
Wells, Chase mortgage results stifled by lagging activity  National Mortgage News

Wells Fargo and JPMorgan Chase had reduced mortgage-related earnings in the fourth quarter as home loan activity continues to fall short of expectations.

Nearly 550 Kentuckians faced with foreclosures from PHH Mortgage Company eligible for payments - User-generated content
Nearly 550 Kentuckians faced with foreclosures from PHH Mortgage Company eligible for payments  User-generated content

Attorney General Andy Beshear is calling on the nearly 550 Kentuckians who faced foreclosures on their homes from New Jersey-based PHH Mortgage ...

10 Real Estate Finance Policy Issues to Watch in 2019 - ABA Banking Journal
10 Real Estate Finance Policy Issues to Watch in 2019  ABA Banking Journal

The real estate finance business has been steering through continuous change for a full decade. The 2008 housing meltdown precipitated a set of policy ...

Citi takes another step away from mortgages as originations fall - National Mortgage News
Citi takes another step away from mortgages as originations fall  National Mortgage News

Citigroup's residential mortgage originations declined 23% and its home-loan revenue dropped by 35% year-over-year in the fourth quarter of 2018, as the ...

Flagstar Bancorp (FBC) versus Axos Financial (AX) Financial Contrast - Fairfield Current
Flagstar Bancorp (FBC) versus Axos Financial (AX) Financial Contrast  Fairfield Current

Flagstar Bancorp (NYSE:FBC) and Axos Financial (NYSE:AX) are both small-cap finance companies, but which is the superior business? We will contrast the ...

PHH Co. (PHH) Shares Sold by Credit Suisse AG - Fairfield Current
PHH Co. (PHH) Shares Sold by Credit Suisse AG  Fairfield Current

Credit Suisse AG cut its stake in shares of PHH Co. (NYSE:PHH) by 17.3% in the 3rd quarter, according to the company in its most recent disclosure with the ...

InterLinc Recognized among 2019's “Best Mortgage Companies to Work For” - Business Wire
InterLinc Recognized among 2019's “Best Mortgage Companies to Work For”  Business Wire

InterLinc Mortgage Services is named one of 2019's “Best Mortgage Companies to Work For” by National Mortgage News and Best Companies Group.

The LOGS Network appoints new chief revenue officer - Mortgage Professional America
The LOGS Network appoints new chief revenue officer  Mortgage Professional America

The LOGS Network, a legal network representing the mortgage servicing and consumer credit industries, has appointed Jason Shapiro as its new chief revenue ...

Research Analysts’ Recent Ratings Updates for Altisource Portfolio Solutions (ASPS) - Fairfield Current
Research Analysts’ Recent Ratings Updates for Altisource Portfolio Solutions (ASPS)  Fairfield Current

A number of research firms have changed their ratings and price targets for Altisource Portfolio Solutions (NASDAQ: ASPS): 12/27/2018 – Altisource Portfolio ...

FBI searches Portland business run by man convicted of fraud, money laundering - Corpus Christi Caller-Times
FBI searches Portland business run by man convicted of fraud, money laundering  Corpus Christi Caller-Times

Federal agents conducted a warrant search of a Portland business owned by a man with a history of money laundering. On Wednesday, FBI agents conducted a ...

Wells Fargo Remains Undervalued But Ongoing Regulatory Challenges Pressure Growth - Seeking Alpha
Wells Fargo Remains Undervalued But Ongoing Regulatory Challenges Pressure Growth  Seeking Alpha

Wells Fargo saw declines in core adjusted revenue and pre-provision profits, and earnings quality wasn't great, but the bank's overall performance is more or le.

New Residential Investment Corp (NRZ) Holdings Trimmed by Neuberger Berman Group LLC - Fairfield Current
New Residential Investment Corp (NRZ) Holdings Trimmed by Neuberger Berman Group LLC  Fairfield Current

Neuberger Berman Group LLC decreased its holdings in shares of New Residential Investment Corp (NYSE:NRZ) by 5.6% in the 3rd quarter, according to its ...

Housing Finance: Prolonged Conservatorships of Fannie Mae and Freddie Mac Prompt Need for Reform - Government Accountability Office
Housing Finance: Prolonged Conservatorships of Fannie Mae and Freddie Mac Prompt Need for Reform  Government Accountability Office

Housing Finance: Prolonged Conservatorships of Fannie Mae and Freddie Mac Prompt Need for Reform Fannie Mae and Freddie Mac issue mortgage-backed ...

9 A-Rated Safety Stocks for a Grossly Oversold Market - Investorplace.com
9 A-Rated Safety Stocks for a Grossly Oversold Market  Investorplace.com

There's no reason to worry if you're holding the right names in your portfolio. These safety stocks can help you protect your money.

Renaissance Technologies LLC Purchases 25,489 Shares of Black Knight Inc (BKI) - Fairfield Current
Renaissance Technologies LLC Purchases 25,489 Shares of Black Knight Inc (BKI)  Fairfield Current

Renaissance Technologies LLC increased its holdings in Black Knight Inc (NYSE:BKI) by 8.8% during the third quarter, according to the company in its most ...

Loan Growth, Higher Rates to Aid SunTrust (STI) Q4 Earnings - Zacks.com
Loan Growth, Higher Rates to Aid SunTrust (STI) Q4 Earnings  Zacks.com

Higher interest rates, decent loan growth and fee income are expected to support SunTrust's (STI) Q4 earnings.

IBM cuts 310 jobs in Durham after sale - Triangle Business Journal
IBM cuts 310 jobs in Durham after sale  Triangle Business Journal

Big Blue is cutting more than 300 jobs in Durham, news disclosed just days after the announced sale of its Seterus mortgage serving platform.

Two Harbors Investment Corp (TWO) Given Consensus Recommendation of “Hold” by Brokerages - Fairfield Current
Two Harbors Investment Corp (TWO) Given Consensus Recommendation of “Hold” by Brokerages  Fairfield Current

Two Harbors Investment Corp (NYSE:TWO) has earned an average recommendation of “Hold” from the ten analysts that are presently covering the firm, ...

Here are the top 5 mortgage servicers | 2018-07-26 - HousingWire
Here are the top 5 mortgage servicers | 2018-07-26  HousingWire

Despite recent technological advancements in the mortgage industry, servicers continue to lag behind in an already lagging industry. The latest survey from J.D. ...

U.S. Bancorp Bucks Industry Trend By Continuing To Grow Its Mortgage Servicing Portfolio - Forbes Now
U.S. Bancorp Bucks Industry Trend By Continuing To Grow Its Mortgage Servicing Portfolio  Forbes Now

The U.S. banking industry has seen the total size of its mortgage servicing portfolio shrink steadily since 2012, as increased capital requirements for mortgage ...

What's Driving Mortgage Servicing? - DSNews.com
What's Driving Mortgage Servicing?  DSNews.com

From business expansion to exploring the value of artificial intelligence to make mortgage servicing more cost-effective, Steven Frie, Director Structured Finance ...

Financial Research: FCB Financial (FCB) and Trustmark (TRMK) - BharataPress
Financial Research: FCB Financial (FCB) and Trustmark (TRMK)  BharataPress

FCB Financial (NYSE:FCB) and Trustmark (NASDAQ:TRMK) are both finance companies, but which is the superior stock? We will contrast the two companies ...

MFA FINL INC/SH (NYSE:MFA) Stake Lowered by Martingale Asset Management L P - Fairfield Current
MFA FINL INC/SH (NYSE:MFA) Stake Lowered by Martingale Asset Management L P  Fairfield Current

Martingale Asset Management L P lowered its stake in shares of MFA FINL INC/SH (NYSE:MFA) by 78.1% during the 3rd quarter, according to its most recent ...

U.S. Bancorp Is The Only Major U.S. Bank Still Reporting Mortgage Servicing Growth - Forbes Now
U.S. Bancorp Is The Only Major U.S. Bank Still Reporting Mortgage Servicing Growth  Forbes Now

The trend of a sequential decline in the total mortgage servicing portfolio for the five largest U.S. banks continued in the first quarter of 2018, as a notable ...

Head to Head Analysis: MSB Financial (MSBF) and Flagstar Bancorp (FBC) - Fairfield Current
Head to Head Analysis: MSB Financial (MSBF) and Flagstar Bancorp (FBC)  Fairfield Current

MSB Financial (NASDAQ:MSBF) and Flagstar Bancorp (NYSE:FBC) are both small-cap finance companies, but which is the better stock? We will compare the ...

Cherry Hill Mortgage Investment Corp (NYSE:CHMI) President Jeffrey B. Lown Buys 2,000 Shares - Fairfield Current
Cherry Hill Mortgage Investment Corp (NYSE:CHMI) President Jeffrey B. Lown Buys 2,000 Shares  Fairfield Current

Cherry Hill Mortgage Investment Corp (NYSE:CHMI) President Jeffrey B. Lown bought 2000 shares of the business's stock in a transaction dated Tuesday, ...

AG Mortgage Investment Trust (MITT) versus Weingarten Realty Investors (NYSE:WRI) Head-To-Head Survey - Fairfield Current
AG Mortgage Investment Trust (MITT) versus Weingarten Realty Investors (NYSE:WRI) Head-To-Head Survey  Fairfield Current

Weingarten Realty Investors (NYSE:WRI) and AG Mortgage Investment Trust (NYSE:MITT) are both finance companies, but which is the better business? We will ...

Corporate services firm expected to create 180 jobs in Milwaukee - Milwaukee Journal Sentinel
Corporate services firm expected to create 180 jobs in Milwaukee  Milwaukee Journal Sentinel

A corporate services firm will open a facility on Milwaukee's far northwest side that is expected to employ 180 people.

Improving Efficiencies in Mortgage Servicing - DSNews.com
Improving Efficiencies in Mortgage Servicing  DSNews.com

Here's how tech is helping default servicers streamline their operations to focus on people who matter the most—homeowners.

Don’t Like Your Mortgage Servicer? Good Luck Trying to Switch - The New York Times
Don’t Like Your Mortgage Servicer? Good Luck Trying to Switch  The New York Times

Borrowers can't simply cut off a lender or servicer like Wells Fargo. Sound familiar? Retirement plans and student lending are like this, too.

Black Knight introduces consumer-centric mortgage servicing solution - HousingWire
Black Knight introduces consumer-centric mortgage servicing solution  HousingWire

This week, mortgage data and solutions provider Black Knight introduced a new solution that aims to help mortgage servicers deepen customer relationships ...

RTG Reverse Mortgage Servicing Platform Adds Borrower Website, Updates - Reverse Mortgage Daily
RTG Reverse Mortgage Servicing Platform Adds Borrower Website, Updates  Reverse Mortgage Daily

Several months after announcing the launch of reverse mortgage servicing technology platform ReverseQuest, Reverse Technology Group (RTG) has launched ...

Telecom, IT Layoff Tracker: AT&T, West's Surprise, Broadcom - Channel Partners
Telecom, IT Layoff Tracker: AT&T, West's Surprise, Broadcom  Channel Partners

Amid reports of strong growth in the IT job market, companies in the channel have been shedding workers as part of cost-cutting efforts and/or business ...

Need of the Hour: Uniformity in Servicing Data - DSNews.com
Need of the Hour: Uniformity in Servicing Data  DSNews.com

Uniform data standards for the mortgage servicing industry could lead to reduced servicing costs, better customer *service*, reduced compliance burden, and ...

Servicing a 'Bright Spot' in Mortgage as Production Profits Fall - Mortgageorb
Servicing a 'Bright Spot' in Mortgage as Production Profits Fall  Mortgageorb

The average profit per mortgage originated fell to $480 in the third quarter, down from $580 in the second quarter, according to the Mortgage Bankers ...

GSEs vying to help lenders manage mortgage servicing rights - National Mortgage News
GSEs vying to help lenders manage mortgage servicing rights  National Mortgage News

Government-sponsored enterprises Fannie Mae and Freddie Mac are in a race to offer services and technology that help mortgage bankers raise cash from ...

Lake Michigan Credit Union Using Black Knight's Mortgage Servicing Platform - Mortgageorb
Lake Michigan Credit Union Using Black Knight's Mortgage Servicing Platform  Mortgageorb

Lake Michigan Credit Union, operating in Michigan and growing in Florida, is now using Black Knight's MSP to *service* its mortgage loans. The end-to-end ...

PHFA switching to Black Knight's mortgage servicing platform - National Mortgage News
PHFA switching to Black Knight's mortgage servicing platform  National Mortgage News

The Pennsylvania Housing Finance Agency is switching to Black Knight's LoanSphere MSP to *service* the agency's $4.9 billion mortgage loan portfolio.

Zions Bancorp (ZION) Raised to “Sell” at BidaskClub - BharataPress
Zions Bancorp (ZION) Raised to “Sell” at BidaskClub  BharataPress

BidaskClub upgraded shares of Zions Bancorp (NASDAQ:ZION) from a strong sell rating to a sell rating in a research report report published on Wednesday ...

Equator and Factom Team to Deliver Mortgage Servicing Platform Utilizing Blockchain - Mortgageorb
Equator and Factom Team to Deliver Mortgage Servicing Platform Utilizing Blockchain  Mortgageorb

Equator, a business unit of Altisource, has integrated the Factom Harmony blockchain-as-a-*service* (BaaS) platform into the Equator PRO default servicing ...

Wells Fargo names Jeff Smith to head home mortgage servicing - National Mortgage News
Wells Fargo names Jeff Smith to head home mortgage servicing  National Mortgage News

Wells Fargo has named Senior Vice President Jeff Smith to succeed Perry Hilzendeger as head of home loan servicing following Hilzendeger's earlier ...

Two Harbors Investment Corp. Announces Conversion Rate Adjustment for Its Convertible Senior Notes Due 2022 - Business Wire
Two Harbors Investment Corp. Announces Conversion Rate Adjustment for Its Convertible Senior Notes Due 2022  Business Wire

NEW YORK--(BUSINESS WIRE)--Two Harbors Investment Corp. (NYSE: TWO) today announced an adjustment to the conversion rate for the company's 6.25% ...

Reviewing Seacoast Banking Co. of Florida (SBCF) & M&T Bank (NYSE:MTB) - Fairfield Current
Reviewing Seacoast Banking Co. of Florida (SBCF) & M&T Bank (NYSE:MTB)  Fairfield Current

Seacoast Banking Co. of Florida (NASDAQ:SBCF) and M&T Bank (NYSE:MTB) are both finance companies, but which is the superior stock? We will compare ...

Carrington Mortgage Services adds Correspondent lending division | 2018-11-19 - HousingWire
Carrington Mortgage Services adds Correspondent lending division | 2018-11-19  HousingWire

One of the nation's largest privately held non-bank lenders, Carrington Mortgage Services, just launched of its own Correspondent Lending Division.

Pretium Partners buys mortgage servicer founded by Lewis Ranieri - National Mortgage News
Pretium Partners buys mortgage servicer founded by Lewis Ranieri  National Mortgage News

Pretium Partners is buying Selene Finance, a residential mortgage servicer, from funds managed by Oaktree Capital Management and Ranieri Partners.

HomeStreet to sell a piece of its mortgage servicing portfolio - HousingWire
HomeStreet to sell a piece of its mortgage servicing portfolio  HousingWire

Seattle bank HomeStreet announced this week it will sell a piece of its mortgage servicing rights to Matrix Financial Services. The deal, which includes an ...

States ramp up licensing for mortgage servicers - National Mortgage News
States ramp up licensing for mortgage servicers  National Mortgage News

Servicers and MSR investors face increased regulation and oversight as nearly all states now require some form of licensing for firms responsible for mortgage ...

Fortunes reverse as Ditech servicing now props struggling mortgage lending - HousingWire
Fortunes reverse as Ditech servicing now props struggling mortgage lending  HousingWire

It's been quite the year for Ditech as the company emerged from bankruptcy, lost its spot on the New York Stock Exchange due to the poor performance of its ...

JMP Securities Upgrades Hunt Companies Finance Trust (NYSE:HCFT) to “Market Outperform” - Modern Readers
JMP Securities Upgrades Hunt Companies Finance Trust (NYSE:HCFT) to “Market Outperform”  Modern Readers

JMP Securities upgraded shares of Hunt Companies Finance Trust (NYSE:HCFT) from a market perform rating to a market outperform rating in a research note ...

Servicing reverse mortgage loans in a hurricane's wake - HousingWire
Servicing reverse mortgage loans in a hurricane's wake  HousingWire

Two weeks ago, Hurricane Michael decimated parts of the Florida panhandle, leaving thousands of homeowners left to deal with the destruction. While the ...

Q3 2018 Sentiment Trustmark Corp (NASDAQ:TRMK) | Thorold News - Thorold News
Q3 2018 Sentiment Trustmark Corp (NASDAQ:TRMK) | Thorold News  Thorold News

Trustmark Corp (NASDAQ:TRMK) institutional sentiment increased to 1.33 in 2018 Q3. Its up 0.34, from 0.99 in 2018Q2. The ratio is more positive, as 76 funds ...

The National Mortgage Settlement is officially over - HousingWire
The National Mortgage Settlement is officially over  HousingWire

One of the vestiges of the financial crisis is now officially in the past. The National Mortgage Settlement, the massive mortgage servicing settlement between the ...

PHH Co. (NYSE:PHH) Position Lifted by Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp - Baseball Daily News
PHH Co. (NYSE:PHH) Position Lifted by Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp  Baseball Daily News

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its stake in PHH Co. (NYSE:PHH) by ...

Ellington Financial (EFC) Analysts See $0.36 EPS; Cintas (CTAS) Covered By 4 Bullish Analysts Last Week - The Moveefy
Ellington Financial (EFC) Analysts See $0.36 EPS; Cintas (CTAS) Covered By 4 Bullish Analysts Last Week  The Moveefy

Among 7 analysts covering Cintas (NASDAQ:CTAS), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. Cintas had 12 analyst reports since July ...

Pretium Partners Buys Mortgage Servicer Selene - Mortgageorb
Pretium Partners Buys Mortgage Servicer Selene  Mortgageorb

Pretium Partners, an investment management firm focused on real estate, mortgage finance and corporate credit with more than $10 billion in assets under ...

SPS Selects ServiceLink's EXOS Technologies to Elevate Mortgage Servicing - PR Newswire
SPS Selects ServiceLink's EXOS Technologies to Elevate Mortgage Servicing  PR Newswire

PITTSBURGH, Oct. 22, 2018 /PRNewswire/ -- ServiceLink, LLC., continues to drive the digital mortgage space by securing a new partnership with Select ...

SEC charges executive of mortgage servicer with insider trading - MarketWatch
SEC charges executive of mortgage servicer with insider trading  MarketWatch

The Securities and Exchange Commission charged Bryan R. Ziegenfuse, a vice president of Servicing for Ocwen Financial Corporation, OCN, -0.53% a ...

Hunt Companies Finance Trust (HCFT) Upgraded to “Hold” by ValuEngine - XNewsPress
Hunt Companies Finance Trust (HCFT) Upgraded to “Hold” by ValuEngine  XNewsPress

ValuEngine upgraded shares of Hunt Companies Finance Trust (NYSE:HCFT) from a sell rating to a hold rating in a research report released on Wednesday, ...

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 ...

Aussie household debt: just the facts - The Experts - Switzer Financial News
Aussie household debt: just the facts - The Experts  Switzer Financial News

A constant source of worry in any analysis of Australian domestic risks is household debt and the housing market that lies behind it. The reality is that ...

Annaly (NLY) to Offer 75M Common Shares in Public Offering - Fairfield Current
Annaly (NLY) to Offer 75M Common Shares in Public Offering  Fairfield Current

Annaly Capital Management, Inc. NLY recently announced its plans to raise *fresh* capital by issuing 75 million shares of common stock through a public offering.

New Residential Investment Corp (NYSE:NRZ) to Post FY2018 Earnings of $2.33 Per Share, B. Riley Forecasts - Baseball Daily News
New Residential Investment Corp (NYSE:NRZ) to Post FY2018 Earnings of $2.33 Per Share, B. Riley Forecasts  Baseball Daily News

New Residential Investment Corp (NYSE:NRZ) – Equities research analysts at B. Riley issued their FY2018 earnings per share (EPS) estimates for New ...

Mortgage Services Guide: Data and analytics | 2018-08-31 - HousingWire
Mortgage Services Guide: Data and analytics | 2018-08-31  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 ...

Three Key Plays in Modern Mortgage Servicing - The MReport
Three Key Plays in Modern Mortgage Servicing  The MReport

Challenges of the mortgage servicing landscape continue to evolve into a borrower-focused experience. While borrowers have always been at the center of loan ...

Is Redwood Trust Inc (NYSE:RWT) Going to Burn These Institutional Investors? | Thorold News - Thorold News
Is Redwood Trust Inc (NYSE:RWT) Going to Burn These Institutional Investors? | Thorold News  Thorold News

Redwood Trust Inc (NYSE:RWT) institutional sentiment increased to 1.71 in 2018 Q3. Its up 0.62, from 1.09 in 2018Q2. The ratio has improved, as 87 active ...

Charlotte is losing this mortgage company to S.C. - The Charlotte Observer
Charlotte is losing this mortgage company to S.C.  The Charlotte Observer

Charlotte is losing the headquarters of RoundPoint Mortgage Servicing Corp., which is relocating just over the South Carolina border in exchange for a state ...

Big changes at CIT: Exits reverse mortgage and servicing businesses - HousingWire
Big changes at CIT: Exits reverse mortgage and servicing businesses  HousingWire

CIT Group's exit from the reverse mortgage business is now complete, but that's not the only big change for the bank. CIT Group, the parent company of CIT Bank ...

The State of Mortgage Lending and Servicing - DSNews.com
The State of Mortgage Lending and Servicing  DSNews.com

What trends are impacting the landscape of lending and servicing in 2018? A new survey provides insights into the organizations involved, and the makeup of ...

Contrasting MedEquities Realty Trust (MRT) and Five Oaks Investment (OAKS) - Baseball Daily News
Contrasting MedEquities Realty Trust (MRT) and Five Oaks Investment (OAKS)  Baseball Daily News

Five Oaks Investment (NYSE:OAKS) and MedEquities Realty Trust (NYSE:MRT) are both finance companies, but which is the better investment? We will contrast ...

7 servicing tips for keeping compliance costs in check - National Mortgage News
7 servicing tips for keeping compliance costs in check  National Mortgage News

The Consumer Financial Protection Bureau may be easing off on certain regulatory requirements, but new rules for successors in interest and bankruptcy ...

Ginnie Mae Announces New Servicing and Issuer Application Rules - Reverse Mortgage Daily
Ginnie Mae Announces New Servicing and Issuer Application Rules  Reverse Mortgage Daily

The Government National Mortgage Association, or Ginnie Mae, announced this month that it is implementing new evaluation rules that analyze the credit ...

Bitwage Service Adds Payroll Tax Payment Funding Options for U.S. Businesses - Bitcoin Magazine
Bitwage Service Adds Payroll Tax Payment Funding Options for U.S. Businesses  Bitcoin Magazine

Cryptocurrency payroll *service* Bitwage has partnered with Texas-based payroll and Human Relations firm Simply Efficient HR to help companies fund W2 ...

Mortgage servicing firm Cenlar opening first Missouri office, adding 500 jobs in O'Fallon, Mo. - STLtoday.com
Mortgage servicing firm Cenlar opening first Missouri office, adding 500 jobs in O'Fallon, Mo.  STLtoday.com

The company's new Missouri office, its first in the state, will be staffed with mostly loan servicing professionals.

How AI Will Change Mortgage Servicing - DSNews.com
How AI Will Change Mortgage Servicing  DSNews.com

On Monday, Black Knight Inc. announced the acquisition of HeavyWater, an artificial intelligence and machine learning (AI/ML) provider for the financial services ...

RoundPoint Mortgage Servicing adds five executives | 2018-04-11 - HousingWire
RoundPoint Mortgage Servicing adds five executives | 2018-04-11  HousingWire

Nonbank servicer RoundPoint Mortgage has added five executives to its senior management team. The company has added three execs to its Dallas office: ...

ServiceMac Selects Black Knight MSP System for Mortgage Loan Servicing - PRNewswire
ServiceMac Selects Black Knight MSP System for Mortgage Loan Servicing  PRNewswire

Led by industry veteran Bob Caruso, ServiceMac is a new entrant in the mortgage servicing market, focused on compliant subservicing and portfolio ...

Downsizing and servicing offset lower volume at Impac Mortgage - National Mortgage News
Downsizing and servicing offset lower volume at Impac Mortgage  National Mortgage News

Impac Mortgage Holdings generated almost $4 million in net income during the first quarter as it continued to downsize to adjust for origination declines and ...

Revisiting our 2018 predictions for the mortgage industry — How did we do? - National Mortgage News
Revisiting our 2018 predictions for the mortgage industry — How did we do?  National Mortgage News

A year ago, National Mortgage News made five predictions regarding how the mortgage industry would fare in 2018 — and we got four of them right.

Here’s how Charlotte lost more than 1,000 good-paying jobs to South Carolina - The Island Packet
Here’s how Charlotte lost more than 1,000 good-paying jobs to South Carolina  The Island Packet

North Carolina offered millions of dollars in incentives to retain Charlotte, N.C., mortgage company RoundPoint Mortgage Servicing Corp., which ultimately ...

HomeStreet Announces Partial Sale of Mortgage Servicing Rights - Business Wire
HomeStreet Announces Partial Sale of Mortgage Servicing Rights  Business Wire

HomeStreet, Inc. (Nasdaq:HMST) (the “Company” or “HomeStreet”), the parent company of HomeStreet Bank (the “Bank”), announced today that the Bank has.