News

FICS' Mortgage Servicer improves workflow and borrower experience - HousingWire
FICS' Mortgage Servicer improves workflow and borrower experience  HousingWire

Most mortgage lenders are looking for ways to automate their mortgage servicing operations in order to cut costs, maintain profitability and effectively manage ...

FHFA Ends Mortgage Servicing Rights Financing Program - National Mortgage Professional Magazine
FHFA Ends Mortgage Servicing Rights Financing Program  National Mortgage Professional Magazine

The Federal Housing Finance Agency (FHFA) has announced the end of the Mortgage Servicing Rights (MSR) financing pilot program for Fannie Mae and ...

TruStone Home Mortgage Servicing Portfolio Reaches $1 Billion - Yahoo Finance
TruStone Home Mortgage Servicing Portfolio Reaches $1 Billion  Yahoo Finance

TruStone Financial Federal Credit Union is proud to announce that the servicing portfolio of its mortgage division, TruStone Home Mortgage, surpassed $1 ...

FHFA ends Freddie Mac's mortgage servicing rights financing pilot - National Mortgage News
FHFA ends Freddie Mac's mortgage servicing rights financing pilot  National Mortgage News

The Federal Housing Finance Agency is ending a Freddie Mac pilot that posed a competitive threat to the private market for mortgage servicing rights financing.

There are better times ahead for mortgage finance - American Banker
There are better times ahead for mortgage finance  American Banker

The mortgage industry's cycles of market and credit risk are a merry-go-round. The business tends to face the same risks over and over again, but these risks ...

Computershare Loan Services Earns Fannie Mae “STAR Performer” Status - The MReport
Computershare Loan Services Earns Fannie Mae “STAR Performer” Status  The MReport

Fannie Mae has awarded Computershare Loan Services “STAR Performer” status for general servicing. In its report, Fannie Mae also awarded Computershare ...

Bell Bank Selects the Black Knight MSP Servicing System to Support Expansion of Its Mortgage Servicing Business - PRNewswire
Bell Bank Selects the Black Knight MSP Servicing System to Support Expansion of Its Mortgage Servicing Business  PRNewswire

JACKSONVILLE, Fla., Sept. 17, 2019 /PRNewswire/ -- Black Knight, Inc. (NYSE: BKI) announced today that Bell Bank, the largest independently owned bank in ...

Allen Price Joins BSI Financial Services as SVP for Sales & Business Development - Benzinga
Allen Price Joins BSI Financial Services as SVP for Sales & Business Development  Benzinga

IRVING, Texas, Sept. 21, 2019 /PRNewswire-PRWeb/ -- BSI Financial Services, a mortgage-centric financial services company, announced it has hired Allen ...

Ditech Sale Blocked by Homeowner Claims of Botched Mortgages - Bloomberg
Ditech Sale Blocked by Homeowner Claims of Botched Mortgages  Bloomberg

Bankrupt mortgage servicer Ditech Holding Corp. saw its reorganization plan rejected on Wednesday after a federal judge ruled the company couldn't sell its ...

People on the move: Sept. 6 - National Mortgage News
People on the move: Sept. 6  National Mortgage News

Mortgage industry hiring and new job appointments for the week ending Sept. 6.

SEC Grants No-Action Relief Relating to Status of Certain Mortgage Servicing Rights and Cash Proceeds under Section 3(c)(5)(C) of the Investment Company Act - Lexology
SEC Grants No-Action Relief Relating to Status of Certain Mortgage Servicing Rights and Cash Proceeds under Section 3(c)(5)(C) of the Investment Company Act  Lexology

On August 15, 2019, the Division of Investment Management of the U.S. Securities and Exchange Commission (SEC) issued to Redwood Trust, Inc., a mortgage ...

Gateway First Bank Announced New Chief Servicing Officer - DSNews.com
Gateway First Bank Announced New Chief Servicing Officer  DSNews.com

Gateway First Bank, one of the largest banks in the state of Oklahoma, announced the appointment of industry veteran Stephen Staid as its Chief Servicing ...

3 Top Mortgage REITs to Buy Right Now - Motley Fool
3 Top Mortgage REITs to Buy Right Now  Motley Fool

Mortgage REITs can offer high dividend returns. These are the top three mortgage REITs to buy right now.

Celebrating the Top Companies in the Industry - The MReport
Celebrating the Top Companies in the Industry  The MReport

Work in a dynamic environment? Surrounded by engaging leaders? Submission are now open for MReport's second Top 25 Companies to Work For list.

Want to Fight Foreclosure? Good Luck After Ditech’s Bankruptcy - Bloomberg
Want to Fight Foreclosure? Good Luck After Ditech’s Bankruptcy  Bloomberg

More than 4000 homeowners have complained to federal agencies in the past year about Ditech Financial LLC, including allegations that the bankrupt ...

Equifinance to transform mortgage servicing with Phoebus Software - IBS Intelligence
Equifinance to transform mortgage servicing with Phoebus Software  IBS Intelligence

Equifinance has reportedly signed a 5-year agreement with Phoebus Software, wherein the latter will provide Equifinance with a replacement mortgage ...

Banks Report Huge Improvement in Mortgage Profitability - Mortgage News Daily
Banks Report Huge Improvement in Mortgage Profitability  Mortgage News Daily

There was a dramatic turnaround for many mortgage banks in the second quarter as their production profits increased nearly six-fold compared to the previous ...

Ditech Inches Closer to RMS Sale, Seeks New Bankruptcy Plan - Reverse Mortgage Daily
Ditech Inches Closer to RMS Sale, Seeks New Bankruptcy Plan  Reverse Mortgage Daily

After having a “free-and-clear” sale of both its forward and reverse mortgage servicing businesses rejected in bankruptcy court late last month, Ditech Holding ...

Ditech deal with homeowners paves way for $1.8B sale - National Mortgage News
Ditech deal with homeowners paves way for $1.8B sale  National Mortgage News

Bankrupt mortgage servicer Ditech Holding Corp. cleared the way for the $1.8 billion sales of its businesses by agreeing to preserve some homeowner claims ...

Ocwen Financial Receives Top Award From HomeFree-USA at the Reaching Millions Housing Conference - Yahoo Finance
Ocwen Financial Receives Top Award From HomeFree-USA at the Reaching Millions Housing Conference  Yahoo Finance

Award Recognizes Ocwen's Long-Standing Commitment and Support to Helping Homeowners and Communities through Sustainable Home Retention ...

Lenders are making more money on mortgages than they have in nearly 3 years - HousingWire
Lenders are making more money on mortgages than they have in nearly 3 years  HousingWire

Lenders reported making a profit on mortgages in the second quarter. In fact, according to a report released Thursday by the Mortgage Bankers Association, ...

Who Will Be This Year's Keystones Recipients? - The MReport
Who Will Be This Year's Keystones Recipients?  The MReport

Hosted during the 16th annual Five Star Conference and Expo, the Keystones will be presented in five categories. The finalists for each category of these ...

Knox Capital Invests in a360inc - DSNews.com
Knox Capital Invests in a360inc  DSNews.com

With this new capital investment, a360inc plans to accelerate its strategic expansion and improvement of its technology and services in the creditors' rights ...

a360inc Announces Strategic Investment - The MReport
a360inc Announces Strategic Investment  The MReport

Through Knox Capital's investment, a360inc plans to accelerate its strategic expansion and improvement of its technology and services in the creditors' rights ...

Columbus Realtors warn of correction after another month of price hikes - The Columbus Dispatch
Columbus Realtors warn of correction after another month of price hikes  The Columbus Dispatch

Another sharp rise in home prices in August has led the Columbus Realtors to take the unusual step of warning of a "market correction."Columbus-area homes ...

Mortgage & Related Services Outlook: Near-Term Prospects Rosy - Zacks.com
Mortgage & Related Services Outlook: Near-Term Prospects Rosy  Zacks.com

The Zacks Mortgage & Related Services industry consists of firms that provide mortgage-related loans, refinancing and other loan servicing facilities. Players in ...

PennyMac Financial Minting Money From Lower Mortgage Rates - Seeking Alpha
PennyMac Financial Minting Money From Lower Mortgage Rates  Seeking Alpha

Lower mortgage rates are driving growth in production volume, leading to increased profitability. Higher profits in a low rate environment make the company ...

Freddie Mac launches mortgage data app for lenders - American Banker
Freddie Mac launches mortgage data app for lenders  American Banker

Freddie Mac has launched a web-based mortgage insights platform designed to provide lenders with access to key market data. The *service*, ECO, for ...

Bankers applaud FHFA for ending MSR pilot program | News - Dodd Frank Update
Bankers applaud FHFA for ending MSR pilot program | News  Dodd Frank Update

The Federal Housing Finance Agency recently signaled the conclusion of the mortgage servicing rights (MSR) financing pilot program for Fannie Mae and ...

Freddie Mac unveils web-based mortgage insights tool - Mortgage Professional America
Freddie Mac unveils web-based mortgage insights tool  Mortgage Professional America

Freddie Mac has unveiled Evaluate|Compare|Optimize (ECO), a tool that provides lending insight and comparison data to help Freddie Mac clients identify ...

Syracuse Securities, Inc. Hands Reins to Premium Mortgage Corp. - DSNews.com
Syracuse Securities, Inc. Hands Reins to Premium Mortgage Corp.  DSNews.com

Syracuse Securities, Inc., will be handing over the reins to Premium Mortgage Corp. Syracuse Securities will complete all loans in its pipeline, maintaining their ...

Black Knight Acquires Compass Analytics - Mortgageorb
Black Knight Acquires Compass Analytics  Mortgageorb

Mortgage software firm Black Knight has acquired Compass Analytics, a provider of valuation, pipeline risk management and hedge advisory services to the ...

Two Harbors Investment Corp. Announces Third Quarter 2019 Common and Preferred Stock Dividends - Yahoo Finance
Two Harbors Investment Corp. Announces Third Quarter 2019 Common and Preferred Stock Dividends  Yahoo Finance

Two Harbors Investment Corp. , a leading hybrid mortgage real estate investment trust, today declared a dividend of $0.40 per share of common stock for the ...

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 ...

Fraud, Broker, and LO Products; Correspondent/Wholesale Changes - Mortgage News Daily
Fraud, Broker, and LO Products; Correspondent/Wholesale Changes  Mortgage News Daily

A mile is 5,280 feet. And Central Park Tower on West 57th St. in Manhattan now stands at 1,550 feet, about a third of a mile. I mention this because it is now the ...

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, ...

Analysts Set $3.75 Target Price for Hunt Companies Finance Trust Inc (NYSE:HCFT) - TechNewsObserver
Analysts Set $3.75 Target Price for Hunt Companies Finance Trust Inc (NYSE:HCFT)  TechNewsObserver

Shares of Hunt Companies Finance Trust Inc (NYSE:HCFT) have been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that ...

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 ...

Marcy and Bruce Benson named 2020 Citizens of the West - Fence Post
Marcy and Bruce Benson named 2020 Citizens of the West  Fence Post

DENVER — The National Western Stock Show is proud to announce Marcy and Bruce Benson as the 2020 Citizens of the West. This prestigious annual award ...

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 ...

Bank of New York Mellon Corp Buys 128,802 Shares of New Residential Investment Corp (NYSE:NRZ) - TechNewsObserver
Bank of New York Mellon Corp Buys 128,802 Shares of New Residential Investment Corp (NYSE:NRZ)  TechNewsObserver

Bank of New York Mellon Corp raised its holdings in New Residential Investment Corp (NYSE:NRZ) by 4.0% during the second quarter, according to the ...

Charles Schwab Investment Management Inc. Trims Stock Holdings in MFA FINL INC/SH (NYSE:MFA) - TechNewsObserver
Charles Schwab Investment Management Inc. Trims Stock Holdings in MFA FINL INC/SH (NYSE:MFA)  TechNewsObserver

Charles Schwab Investment Management Inc. reduced its stake in MFA FINL INC/SH (NYSE:MFA) by 0.6% in the second quarter, according to its most recent ...

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 ...

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

The mortgage-servicing businesses at some of the country's biggest banks fell thanks to lower interest rates.

Residential Mortgage Service Market Size, Status, Growth Opportunities and Global Outlook 2019-2025 - island Daily Tribune
Residential Mortgage Service Market Size, Status, Growth Opportunities and Global Outlook 2019-2025  island Daily Tribune

The report titled “Global Residential Mortgage *Service* Market” has recently added by MarketInsightsReports to get a stronger and effective business outlook.

Residential Mortgage Service Market Analysis, Trends, Top Manufacturers, Share, - ITResearchBrief.com
Residential Mortgage Service Market Analysis, Trends, Top Manufacturers, Share,  ITResearchBrief.com

The ' Residential Mortgage *Service* Market' research report added by Market Study Report, LLC, delivers a comprehensive analysis on the newest market ...

Property in Mullica Hill sells for $360,000 | South Jersey real estate transactions - NJ.com
Property in Mullica Hill sells for $360,000 | South Jersey real estate transactions  NJ.com

Here's a roundup of recent home sales in Cumberland, Salem and Gloucester counties.

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 ...

Servicer Evaluation: Rushmore Loan Management Services LLC - S&P Global
Servicer Evaluation: Rushmore Loan Management Services LLC  S&P Global

S&P Global Ratings' rankings on Rushmore Loan Management Services LLC (Rushmore) as a residential mortgage loan primary (prime) and special servicer ...

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 ...

BNP Paribas Arbitrage SA Sells 144,656 Shares of Two Harbors Investment Corp (NYSE:TWO) - TechNewsObserver
BNP Paribas Arbitrage SA Sells 144,656 Shares of Two Harbors Investment Corp (NYSE:TWO)  TechNewsObserver

BNP Paribas Arbitrage SA cut its holdings in Two Harbors Investment Corp (NYSE:TWO) by 91.3% in the 2nd quarter, according to its most recent Form 13F ...

Florida US District Court Grants Victory for Defendant, Finds its Dialing Equipment Is Not an ATDS - Lexology
Florida US District Court Grants Victory for Defendant, Finds its Dialing Equipment Is Not an ATDS  Lexology

In many TCPA cases, the sufficiency of a Plaintiff's allegations, particularly those concerning the Defendant's alleged use of an automatic telephone…

A Reversal for FIRM CAPITAL MORTGAGE INVESTMENT CORP OR (OTCMKTS:FCMGF) Is Not Near. The Stock Has Rise in Shorts - The MAK Daily
A Reversal for FIRM CAPITAL MORTGAGE INVESTMENT CORP OR (OTCMKTS:FCMGF) Is Not Near. The Stock Has Rise in Shorts  The MAK Daily

The stock of FIRM CAPITAL MORTGAGE INVESTMENT CORP OR (OTCMKTS:FCMGF) registered an increase of 273.96% in short interest. FCMGF's total short ...

Global Loss mitigation Market, Top key players are Altegra Credit Co.,American Home Mortgage Servicing,Ameriquest Mortgage Co.,BancorpSouth,Bank of America,Boshwit Bros. ,Mortgage Co.,Chase Manhattan Mortgage Co - Business Intelligence
Global Loss mitigation Market, Top key players are Altegra Credit Co.,American Home Mortgage Servicing,Ameriquest Mortgage Co.,BancorpSouth,Bank of America,Boshwit Bros. ,Mortgage Co.,Chase Manhattan Mortgage Co  Business Intelligence

Global Loss mitigation Market Research Report 2019-2025. The Global Loss mitigation Market 2019 Research Report is a professional and in-depth study on ...

Zions Bancorporation NA (NASDAQ:ZION) Shares Bought by Castine Capital Management LLC - TechNewsObserver
Zions Bancorporation NA (NASDAQ:ZION) Shares Bought by Castine Capital Management LLC  TechNewsObserver

Castine Capital Management LLC lifted its position in Zions Bancorporation NA (NASDAQ:ZION) by 23.4% in the 2nd quarter, according to the company in its ...

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 ...

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 ...

[Pulse] With mortgage rates and bond yields low, is it time to retain mortgage servicing? - HousingWire
[Pulse] With mortgage rates and bond yields low, is it time to retain mortgage servicing?  HousingWire

I was talking to a mortgage banker recently about servicing and was told that, while they had considered doing so, they were not retaining servicing.

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 ...

Zacks Investment Research Downgrades New Residential Investment (NYSE:NRZ) to Sell - Tech Know Bits
Zacks Investment Research Downgrades New Residential Investment (NYSE:NRZ) to Sell  Tech Know Bits

New Residential Investment (NYSE:NRZ) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to ...

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 ...

Black Knight Inc. (BKI) Announces Acquisition of Compass Analytics - StreetInsider.com
Black Knight Inc. (BKI) Announces Acquisition of Compass Analytics  StreetInsider.com

Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here. Black Knight, Inc. (NYSE: BKI) announced that it ...

Critical Analysis: NexPoint Residential Trust (NYSE:NXRT) and MFA FINL INC/SH (NYSE:MFA) - TechNewsObserver
Critical Analysis: NexPoint Residential Trust (NYSE:NXRT) and MFA FINL INC/SH (NYSE:MFA)  TechNewsObserver

NexPoint Residential Trust (NYSE:NXRT) and MFA FINL INC/SH (NYSE:MFA) are both finance companies, but which is the better business? We will compare ...

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 ...

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 ...

Mortgage servicers are missing the boat when it comes to customer satisfaction - HousingWire
Mortgage servicers are missing the boat when it comes to customer satisfaction  HousingWire

Let's just say servicers have a lot of room for improvement when it comes to customer satisfaction. J.D. Power's latest customer satisfaction survey revealed that ...

Training Division explains why only one% of people that utilized for public-loan forgiveness had been accepted - Current Industry
Training Division explains why only one% of people that utilized for public-loan forgiveness had been accepted  Current Industry

An Training Division official acknowledged Thursday that a mortgage forgiveness program with a 99% rejection price “presents quite a few obstacles to debtors.”.

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 ...

Black Knight Inc (NYSE:BKI) Shorts Decreased by 11.51% After Short Covering - The MAK Daily
Black Knight Inc (NYSE:BKI) Shorts Decreased by 11.51% After Short Covering  The MAK Daily

The stock of Black Knight Inc (NYSE:BKI) registered a decrease of 11.51% in short interest. BKI's total short interest was 2.38M shares in September as.

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 ...

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 ...

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, ...

Anti-Security National Financial Corp Institutional Investors Sentiment Runs Low in Q2 2019 - Invest Tribune
Anti-Security National Financial Corp Institutional Investors Sentiment Runs Low in Q2 2019  Invest Tribune

Security National Financial Corp (NASDAQ:SNFCA) institutional sentiment decreased to 1.2 in Q2 2019. Its down -2.00, from 3.2 in 2019Q1. The ratio is negative ...

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 ...

Sturgis Bancorp (OTCMKTS:STBI) vs. JPMorgan Chase & Co. (OTCMKTS:JPM) Head-To-Head Analysis - TechNewsObserver
Sturgis Bancorp (OTCMKTS:STBI) vs. JPMorgan Chase & Co. (OTCMKTS:JPM) Head-To-Head Analysis  TechNewsObserver

Sturgis Bancorp (OTCMKTS:STBI) and JPMorgan Chase & Co. (NYSE:JPM) are both finance companies, but which is the superior stock? We will contrast 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 ...

Reviewing First United (NASDAQ:FUNC) & Trustmark (NASDAQ:TRMK) - Mayfield Recorder
Reviewing First United (NASDAQ:FUNC) & Trustmark (NASDAQ:TRMK)  Mayfield Recorder

Trustmark (NASDAQ:TRMK) and First United (NASDAQ:FUNC) are both finance companies, but which is the superior business? We will compare the two ...

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 ...

The Latest in Mortgage News: iA Exits the Residential Mortgage Market - Mortgage Rates & Mortgage Broker News in Canada - Canadian Mortgage Trends
The Latest in Mortgage News: iA Exits the Residential Mortgage Market - Mortgage Rates & Mortgage Broker News in Canada  Canadian Mortgage Trends

After nearly 50 years of providing residential mortgages to Canadians, Industrial Alliance Financial Group announced its exit from the space.

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 ...

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 ...

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.

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 ...

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 ...

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 ...

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 ...

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.

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 ...

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.

Reviewing Riverview Bancorp (NASDAQ:RVSB) and Codorus Valley Bancorp (NASDAQ:CVLY) - TechNewsObserver
Reviewing Riverview Bancorp (NASDAQ:RVSB) and Codorus Valley Bancorp (NASDAQ:CVLY)  TechNewsObserver

Riverview Bancorp (NASDAQ:RVSB) and Codorus Valley Bancorp (NASDAQ:CVLY) are both small-cap finance companies, but which is the superior investment ...

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 ...

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 ...

Analyzing ARBOR RLTY TR I/SH (NYSE:ABR) and Ready Capital (NYSE:RC) - TechNewsObserver
Analyzing ARBOR RLTY TR I/SH (NYSE:ABR) and Ready Capital (NYSE:RC)  TechNewsObserver

ARBOR RLTY TR I/SH (NYSE:ABR) and Ready Capital (NYSE:RC) are both small-cap finance companies, but which is the better stock? We will compare the ...

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.

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 ...

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 ...

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 ...

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 ...

Altisource Portfolio Solutions (NASDAQ:ASPS) and BALFOUR BEATTY/S (NASDAQ:BAFYY) Critical Comparison - TechNewsObserver
Altisource Portfolio Solutions (NASDAQ:ASPS) and BALFOUR BEATTY/S (NASDAQ:BAFYY) Critical Comparison  TechNewsObserver

Altisource Portfolio Solutions (NASDAQ:ASPS) and BALFOUR BEATTY/S (OTCMKTS:BAFYY) are both finance companies, but which is the superior stock?