News

Almost $3B in Washington state HFA mortgage servicing rights for sale - National Mortgage News
Almost $3B in Washington state HFA mortgage servicing rights for sale  National Mortgage News

An institution that services housing finance authority loans is putting $2.65 billion in servicing rights from Washington state up for bid through the Mortgage ...

A New Look at Mortgage Servicing Compensation - DSNews.com
A New Look at Mortgage Servicing Compensation  DSNews.com

A new report published by Urban Institute, Urban's Housing and Finance Policy Center, and the Mortgage Servicing Collaborative (MSC) discusses three ...

RoundPoint Mortgage Servicing Teams with Compass Analytics for API - Mortgageorb
RoundPoint Mortgage Servicing Teams with Compass Analytics for API  Mortgageorb

RoundPoint Mortgage Servicing Corp. and Compass Analytics have introduced a new API that further automates cash flow-based, loan-level servicing release ...

Mortgage Servicer Settles Mini-Check Misery for $26 Million - Lexology
Mortgage Servicer Settles Mini-Check Misery for $26 Million  Lexology

Consumers allege they were trapped by invisible enrollment tag-team…

Nate Johnson to Lead SLK's Mortgage Business - The MReport
Nate Johnson to Lead SLK's Mortgage Business  The MReport

In his new role, Nate Johnson will oversee the next wave of new mortgage technology and *service* products at SLK Global.

Mortgage Servicing Professionals Convene and Collaborate in D.C. - The MReport
Mortgage Servicing Professionals Convene and Collaborate in D.C.  The MReport

During an annual meeting of the National Mortgage Servicing Association (NMSA) in Washington, D.C., Wes Iseley, Senior Managing Director at Carrington ...

More online mortgage shopping equals lower servicer retention rates - National Mortgage News
More online mortgage shopping equals lower servicer retention rates  National Mortgage News

Consumers increasing their online shopping for homes and loans is a reason why mortgage servicers' retention rates haven't improved much since the ...

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

Leveraging multiple other Black Knight solutions to improve customer *service*, operational performance - Member Mortgage Services, a full- *service* mortgage ...

People on the move: May 17 - National Mortgage News
People on the move: May 17  National Mortgage News

Mortgage industry hiring and new job appointments for the week ending May 17.

Dori Daganhardt: Data Integrity One of the Mortgage Industry's Biggest Challenges - Mortgageorb
Dori Daganhardt: Data Integrity One of the Mortgage Industry's Biggest Challenges  Mortgageorb

PERSON OF THE WEEK: Technology continues to revolutionize the mortgage industry, from origination through servicing through secondary marketing, but ...

Members Mortgage Services implements Black Knight's servicing platform - Mortgage Professional America
Members Mortgage Services implements Black Knight's servicing platform  Mortgage Professional America

Members Mortgage Services has signed a long-term agreement to implement Black Knight's mortgage servicing platform (MSP) and several other analytics from ...

Broker, Underwriting, MSR Products; Bank, Lender, and Credit Union News - Mortgage News Daily
Broker, Underwriting, MSR Products; Bank, Lender, and Credit Union News  Mortgage News Daily

A capital markets friend relayed this note recently received from an LO. “When do you think stated pick-a-pay products will come back? I have some borrowers ...

Heartland Financial reports big jump in net income, sale of DB&T's mortgage servicing rights - telegraphherald.com
Heartland Financial reports big jump in net income, sale of DB&T's mortgage servicing rights  telegraphherald.com

Heartland Financial USA on Monday announced it had agreed to sell the mortgage servicing rights of Dubuque Bank and Trust — a move that will affect about ...

Scalable subservicing technology fuels LoanCare's growth | 2019-05-17 - HousingWire
Scalable subservicing technology fuels LoanCare's growth | 2019-05-17  HousingWire

HousingWire sat down with LoanCare President Dave Worrall to talk about the company's incredible growth — and what's next. Q. What kind of growth has ...

HECM Loan Origination Drops - The MReport
HECM Loan Origination Drops  The MReport

Home Equity Conversion Mortgage (HECM) loan originations continued to decline in March according to the latest data from Reverse Mortgage Insights.

10 years after resurrection, BankUnited eyes Atlanta, servicing exit - American Banker
10 years after resurrection, BankUnited eyes Atlanta, servicing exit  American Banker

The moves are part of a plan by CEO Rajinder Singh discussed in a conversation with American Banker.

Fenton business owner pleads guilty to racketeering charges in mortgage services scam - Crain's Detroit Business
Fenton business owner pleads guilty to racketeering charges in mortgage services scam  Crain's Detroit Business

The owner of LAS Loan Assistance Centers in Fenton pleaded guilty to racketeering charges for scamming Michigan residents out of more than $100,000, the ...

Consolidated Analytics adds mortgage veteran to its board of directors - Mortgage Professional America
Consolidated Analytics adds mortgage veteran to its board of directors  Mortgage Professional America

Mortgage provider Consolidated Analytics has announced the addition of Tony Meola to its board of directors. Over his three decades in the mortgage banking ...

Blue Water Financial Technologies Adds Joseph Grimes as a Senior Advisor - Mortgageorb
Blue Water Financial Technologies Adds Joseph Grimes as a Senior Advisor  Mortgageorb

Mortgage industry veteran Joseph A. Grimes III recently joined the advisory board at Blue Water Financial Technologies as a senior advisor. Grimes was most ...

Color of Money: Got a grievance against a credit bureau? Post your complaint here and you're more likely to get a response. - Roanoke Times
Color of Money: Got a grievance against a credit bureau? Post your complaint here and you're more likely to get a response.  Roanoke Times

Sometimes it pays to complain. This is especially true at the Consumer Financial Protection Bureau. The watchdog agency has a complaint database that ...

HELOC, Closing Cost, Loan Trading Products; Tech Survey - Mortgage News Daily
HELOC, Closing Cost, Loan Trading Products; Tech Survey  Mortgage News Daily

Lender Products and Services. My AMC, LLC is pleased to announce the hiring of Carolyn Covington as Sales Account Executive working in the Dallas, ...

Business brief case - Business - Bartlesville Examiner-Enterprise - Bartlesville, OK - Examiner Enterprise
Business brief case - Business - Bartlesville Examiner-Enterprise - Bartlesville, OK  Examiner Enterprise

TRUITY CREDIT UNIONChambers named mortgage managerMelody Chambers has been promoted to manager of the Mortgage Servicing Department at Truity ...

Why Is IBM (IBM) Down 3.4% Since Last Earnings Report? - Yahoo Finance
Why Is IBM (IBM) Down 3.4% Since Last Earnings Report?  Yahoo Finance

It has been about a month since the last earnings report for IBM (IBM). Shares have lost about 3.4% in that time frame, underperforming the S&P 500. Will 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 ...

POLITICO Pro Q&A: FHFA Director Mark Calabria - Politico
POLITICO Pro Q&A: FHFA Director Mark Calabria  Politico

A month after taking over the agency, Calabria — a former Senate Banking Committee aide and longtime critic of Fannie and Freddie — is plenty busy.

PennyMac Mortgage Investment Trust (PMT) and Colony Capital Inc. (NYSE:CLNY) Comparison side by side - CryptoCoinsTribune
PennyMac Mortgage Investment Trust (PMT) and Colony Capital Inc. (NYSE:CLNY) Comparison side by side  CryptoCoinsTribune

PennyMac Mortgage Investment Trust (NYSE:PMT) and Colony Capital Inc. (NYSE:CLNY), are influenced by contrast since they are both players in the REIT ...

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 ...

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 ...

Present Valuation: Two Harbors Investment Corp (NYSE: TWO) - Reagents Global Market
Present Valuation: Two Harbors Investment Corp (NYSE: TWO)  Reagents Global Market

Two Harbors Investment Corp is in the real estate sector and is part of the REITs industry. The company CEO is Thomas E. Siering. Two Harbors Investment Co.

On The Move for May 19 - The Augusta Chronicle
On The Move for May 19  The Augusta Chronicle

New hires and promotions in the metro Augusta business community.

Campaign exceeds goal - Examiner Enterprise
Campaign exceeds goal  Examiner Enterprise

Arvest Bank announced April 1 the beginning of its ninth annual Million Meals initiative, which challenges bank associates, customers and community members ...

House Financial Services Committee Issues Testimony From FDIC Chairman McWilliams - Insurance News Net
House Financial Services Committee Issues Testimony From FDIC Chairman McWilliams  Insurance News Net

The House Financial Services Committee issued the following testimony by Jelena McWilliams, chairman of the Federal Deposit Insurance Corp., at a hearing ...

BB&T, SunTrust's local CRE lending could rival Wells Fargo's: CrediFi - National Mortgage News
BB&T, SunTrust's local CRE lending could rival Wells Fargo's: CrediFi  National Mortgage News

BB&T's acquisition of SunTrust may make the combined company more of a contender in regional metro-area commercial mortgage lending, according to data ...

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, ...

Perspective | Got a grievance against a credit bureau? Post your complaint here, and you're more likely to get a response. - The Washington Post
Perspective | Got a grievance against a credit bureau? Post your complaint here, and you're more likely to get a response.  The Washington Post

Sometimes it pays to complain. This is especially true at the Consumer Financial Protection Bureau. The watchdog agency has a complaint database consumers ...

Annaly Capital Management, Inc. Announces Preferred Dividends - Yahoo Finance
Annaly Capital Management, Inc. Announces Preferred Dividends  Yahoo Finance

In accordance with the terms of Annaly's 7.625% Series C Cumulative Redeemable Preferred Stock (“Series C Preferred Stock”), the Board of Directors (the ...

RMS Parent Company Ditech Deregistered from NYSE - Reverse Mortgage Daily
RMS Parent Company Ditech Deregistered from NYSE  Reverse Mortgage Daily

Ditech Holding Corporation, parent company of Reverse Mortgage Solutions (RMS), has officially been deregistered from the New York Stock Exchange ...

Mortgage in retirement: To pay out or not to pay? - Sydney Morning Herald
Mortgage in retirement: To pay out or not to pay?  Sydney Morning Herald

I am a 65-year old-female, single and looking forward to retiring from my two-day-a-week bookkeeping job, which brings in about $225 a fortnight, within the next ...

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 ...

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 ...

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 ...

Zacks: Hunt Companies Finance Trust Inc (HCFT) Given Consensus Rating of “Strong Buy” by Brokerages - Rockland Register
Zacks: Hunt Companies Finance Trust Inc (HCFT) Given Consensus Rating of “Strong Buy” by Brokerages  Rockland Register

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

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 ...

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 ...

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 ...

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 ...

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 ...

Mass Attorney General Secures $2 Million From National Mortgage Servicer - framinghamsource.com
Mass Attorney General Secures $2 Million From National Mortgage Servicer  framinghamsource.com

The following is a press release from the Massachusetts ASttorney General's office submitted to SOURCE. ***. BOSTON -A national mortgage servicing ...

Trustmark Corporation (TRMK) and Its Competitors Contrasting side by side. - CryptoCoinsTribune
Trustmark Corporation (TRMK) and Its Competitors Contrasting side by side.  CryptoCoinsTribune

Trustmark Corporation (NASDAQ:TRMK) is a company in the Regional - Southeast Banks industry and that's how we compare it to its peers. The comparing will ...

Q3 2019 Earnings Estimate for Zions Bancorporation NA (NASDAQ:ZION) Issued By DA Davidson - Rockland Register
Q3 2019 Earnings Estimate for Zions Bancorporation NA (NASDAQ:ZION) Issued By DA Davidson  Rockland Register

Zions Bancorporation NA (NASDAQ:ZION) – Investment analysts at DA Davidson raised their Q3 2019 EPS estimates for Zions Bancorporation NA in a report ...

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 ...

Cherry Hill Mortgage Investment (CHMI) Issues Quarterly Earnings Results - Rockland Register
Cherry Hill Mortgage Investment (CHMI) Issues Quarterly Earnings Results  Rockland Register

Cherry Hill Mortgage Investment (NYSE:CHMI) posted its earnings results on Thursday, May 9th. The real estate investment trust reported $0.60 earnings per ...

New Residential Investment Corp to Post Q2 2019 Earnings of $0.54 Per Share, B. Riley Forecasts (NYSE:NRZ) - Rockland Register
New Residential Investment Corp to Post Q2 2019 Earnings of $0.54 Per Share, B. Riley Forecasts (NYSE:NRZ)  Rockland Register

New Residential Investment Corp (NYSE:NRZ) – Analysts at B. Riley raised their Q2 2019 EPS estimates for shares of New Residential Investment in a research ...

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

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 ...

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 ...

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.

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. ...

PennyMac Financial Services (PFSI) Announces Quarterly Earnings Results - Tech Know Bits
PennyMac Financial Services (PFSI) Announces Quarterly Earnings Results  Tech Know Bits

PennyMac Financial Services (NYSE:PFSI) posted its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.58 earnings per share ...

Redwood Trust Inc. (RWT)'s Financial Results Comparing With MFA Financial Inc. (NYSE:MFA.PB) - CryptoCoinsTribune
Redwood Trust Inc. (RWT)'s Financial Results Comparing With MFA Financial Inc. (NYSE:MFA.PB)  CryptoCoinsTribune

Both Redwood Trust Inc. (NYSE:RWT) and MFA Financial Inc. (NYSE:MFA.PB) are REIT - Diversified companies, competing one another. We will compare their.

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 ...

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.

Critical Survey: Columbia Financial (CLBK) and Flagstar Bancorp (NYSE:FBC) - Mayfield Recorder
Critical Survey: Columbia Financial (CLBK) and Flagstar Bancorp (NYSE:FBC)  Mayfield Recorder

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

Ellington Financial LLC Sentiment Improves on Better Stock Potential - Invest Tribune
Ellington Financial LLC Sentiment Improves on Better Stock Potential  Invest Tribune

Ellington Financial LLC (NYSE:EFC) institutional sentiment increased to 1.62 in 2018 Q4. Its up 0.62, from 1 in 2018Q3. The ratio improved, as 21 funds started ...

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 ...

City Holding Company (CHCO)'s Financial Results Comparing With Signature Bank (NASDAQ:SBNY) - CryptoCoinsTribune
City Holding Company (CHCO)'s Financial Results Comparing With Signature Bank (NASDAQ:SBNY)  CryptoCoinsTribune

City Holding Company (NASDAQ:CHCO) and Signature Bank (NASDAQ:SBNY) are two firms in the Regional - Mid-Atlantic Banks that compete against each ...

RoundPoint Mortgage Servicing Selected as Subservicer by Reliant Bank - National Mortgage Professional Magazine
RoundPoint Mortgage Servicing Selected as Subservicer by Reliant Bank  National Mortgage Professional Magazine

RoundPoint Mortgage Servicing has been selected as a subservicing partner for Reliant Bank.

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.

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 ...

The Mirae Asset Global Investments Co. Ltd. Reduced Stake in Black Knight Inc (BKI) - BharataPress
The Mirae Asset Global Investments Co. Ltd. Reduced Stake in Black Knight Inc (BKI)  BharataPress

Mirae Asset Global Investments Co. Ltd. reduced its position in Black Knight Inc (NYSE:BKI) by 8.9% in the 4th quarter, according to the company in its most ...

Keefe, Bruyette & Woods Upgrades MFA FINL INC/SH (MFA) to “Outperform” - Mayfield Recorder
Keefe, Bruyette & Woods Upgrades MFA FINL INC/SH (MFA) to “Outperform”  Mayfield Recorder

MFA FINL INC/SH (NYSE:MFA) was upgraded by equities research analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating ...

BSI to purchase mortgage servicing rights following capital raise - National Mortgage News
BSI to purchase mortgage servicing rights following capital raise  National Mortgage News

BSI Financial Services received a capital infusion for the subservicer to acquire mortgage servicing rights for its own account in order to offer its clients more ...

Infosys Ups the Ante in Mortgage Servicing With Stater Buyout - Zacks.com
Infosys Ups the Ante in Mortgage Servicing With Stater Buyout  Zacks.com

Infosys (INFY) partners ABN AMRO to purchase 75% interest in its subsidiary Stater, which in turn, can help the company strengthen its mortgage servicing ...

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, ...

Head to Head Review: Whitestone REIT (WSR) and Five Oaks Investment (OAKS) - Mayfield Recorder
Head to Head Review: Whitestone REIT (WSR) and Five Oaks Investment (OAKS)  Mayfield Recorder

Five Oaks Investment (NYSE:OAKS) and Whitestone REIT (NYSE:WSR) are both finance companies, but which is the superior stock? We will compare the two ...

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 ...

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 ...

CFPB Flags Mortgage Servicing Issues in Latest Supervisory Highlights - ABA Banking Journal
CFPB Flags Mortgage Servicing Issues in Latest Supervisory Highlights  ABA Banking Journal

The Consumer Financial Protection Bureau today issued a “Supervisory Highlights” report focusing on recent examiner observations of several bank products or ...

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 ...

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 ...

An Automated Approach to Loss Mitigation - DSNews.com
An Automated Approach to Loss Mitigation  DSNews.com

Florida-based CLARIFIRE announced that RoundPoint Mortgage Servicing Corporation has implemented CLARIFIRE as its loss mitigation workflow automation ...

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 ...

RLJ Lodging Trust (RLJ) versus Five Oaks Investment (OAKS) Financial Contrast - Mayfield Recorder
RLJ Lodging Trust (RLJ) versus Five Oaks Investment (OAKS) Financial Contrast  Mayfield Recorder

Five Oaks Investment (NYSE:OAKS) and RLJ Lodging Trust (NYSE:RLJ) are both finance companies, but which is the better stock? We will contrast the two ...

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.

Mike Nierenberg: Using Excess Mortgage Servicing Rights as Assets - Daily Forex Report
Mike Nierenberg: Using Excess Mortgage Servicing Rights as Assets  Daily Forex Report

New Residential is based in New York and operates as a public real estate investment trust. The company's recent stock market valuation was $6.7 billion.

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 ...

Guaranty Bancshares (GNTY) vs. Trustmark (TRMK) Head-To-Head Survey - Rockland Register
Guaranty Bancshares (GNTY) vs. Trustmark (TRMK) Head-To-Head Survey  Rockland Register

Guaranty Bancshares (NASDAQ:GNTY) and Trustmark (NASDAQ:TRMK) are both finance companies, but which is the better stock? We will compare the two ...

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 ...

Head-To-Head Review: Mr. Cooper Group (COOP) versus Curo Group (CURO) - Mayfield Recorder
Head-To-Head Review: Mr. Cooper Group (COOP) versus Curo Group (CURO)  Mayfield Recorder

Curo Group (NYSE:CURO) and Mr. Cooper Group (NASDAQ:COOP) are both small-cap finance companies, but which is the superior investment? We will ...

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 ...

RoundPoint Mortgage Servicing Using Clarifire to Automate Loss Mitigation - Mortgageorb
RoundPoint Mortgage Servicing Using Clarifire to Automate Loss Mitigation  Mortgageorb

In order to gain new efficiencies, RoundPoint Mortgage Servicing Corp. is using Clarifire's loss mitigation workflow automation platform. The mortgage servicer ...

Black Knight Solution Powers U.S. Bank Mortgage Servicing - The MReport
Black Knight Solution Powers U.S. Bank Mortgage Servicing  The MReport

Florida-based Black Knight Inc. has announced that U.S. Bank has chosen its Servicing Digital Solution to supplement its internal capabilities and offer its ...

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

The announcement comes after IBM announced the sale of its servicing subsidiary to Mr. Cooper.

Equator Launches Mortgage Servicing Blockchain Solution Nasdaq:ASPS - GlobeNewswire
Equator Launches Mortgage Servicing Blockchain Solution Nasdaq:ASPS  GlobeNewswire

LUXEMBOURG, Nov. 13, 2018 (GLOBE NEWSWIRE) -- Equator, an Altisource business unit and a leading provider of residential loan default software and ...

'I Have a Plan for That.' Elizabeth Warren Is Betting That Americans Are Ready for Her Big Ideas - TIME
'I Have a Plan for That.' Elizabeth Warren Is Betting That Americans Are Ready for Her Big Ideas  TIME

Elizabeth Warren is running on a populist campaign built on ambitious ideas in the 2020 presidential election. Can she win?

M&T Bank hiring 240 to handle increased loan servicing workload - Buffalo News
M&T Bank hiring 240 to handle increased loan servicing workload  Buffalo News

M&T Bank Corp. is hiring 240 employees to support the banks increased workload of servicing residential mortgages. The new jobs will add to the banks s…

Ditech says its reverse mortgage business is unprofitable - HousingWire
Ditech says its reverse mortgage business is unprofitable  HousingWire

Aware that sweeping regulatory changes would likely send the reverse mortgage business into a tailspin, Ditech – then named Walter Investment Management ...

Fannie Recognizes Guild Mortgage for Servicing - DSNews.com
Fannie Recognizes Guild Mortgage for Servicing  DSNews.com

Fannie Mae honored Guild Mortgage for its competency, capacity, and overall performance in servicing for 2018 STAR Program year.

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 ...

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 ...