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Big banks release their hold on mortgage servicing industry - HousingWire

HousingWire

Big banks release their hold on mortgage servicing industry
HousingWire
Wells Fargo: This bank saw its servicing drop 2.9% from last year's $1.5 trillion portfolio to $1.46 trillion in the third quarter of 2017. This makes Wells Fargo the No. 1 servicer in the U.S. by portfolio volume. Recently released HMDA data also ...

PHH paying $45M for improper mortgage servicing - Philly.com

Philly.com

PHH paying $45M for improper mortgage servicing
Philly.com
PHH, the nation's ninth-largest nonbank residential mortgage servicer, allegedly failed to accurately apply payments by certain borrowers in a timely manner, charged unauthorized fees for default-related services, and threatened foreclosure against ...
PHH reaches nationwide settlement over crisis-era mortgage servicingHousingWire
Iowa, 48 states settle with mortgage servicerThe Gazette: Eastern Iowa Breaking News and Headlines
PHH Corp. Settles with States over Alleged Mortgage Servicing ViolationsMortgageorb
Cherry Hill Courier Post -Buffalo News -Philadelphia Business Journal
all 109 news articles »

Federal Reserve fines five banks to wrap up mortgage servicing charges - Nasdaq

Nasdaq

Federal Reserve fines five banks to wrap up mortgage servicing charges
Nasdaq
WASHINGTON, Jan 12 (Reuters) - The Federal Reserve fined five large U.S. banks a combined $35.1 million to settle cases of mortgage servicing flaws dating back to 2011. The central bank announced the fines against Goldman Sachs, Morgan Stanley, CIT ...

and more »

Ocwen reaches mortgage servicing settlements with two more states - HousingWire

HousingWire

Ocwen reaches mortgage servicing settlements with two more states
HousingWire
Over the last few months, Ocwen began settling with some of the 31 states that took regulatory actions against the nonbank earlier this year over alleged escrow and other servicing issues. The first round of settlements included Georgia, Idaho ...

Commerce Bancshares, Inc. Reports Record Fourth Quarter Earnings of $94 Million - Business Wire (press release)

Business Wire (press release)

Commerce Bancshares, Inc. Reports Record Fourth Quarter Earnings of $94 Million
Business Wire (press release)
Commerce Bancshares, Inc. is a regional bank holding company offering a full range of financial products to consumers and commercial customers including personal banking, lending, mortgage banking, wealth management, brokerage and capital markets ...

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Fidelity Southern Corporation Reports Earnings For Fourth Quarter Of $12.4 Million; $39.8 Million In 2017 - Markets Insider

Fidelity Southern Corporation Reports Earnings For Fourth Quarter Of $12.4 Million; $39.8 Million In 2017
Markets Insider
New loan servicing rights capitalized on sales of mortgage loans with servicing retained decreased by $1.7 million, or 19.8%, for the quarter but increased $766,000, or 2.7%, for the year. Capitalized servicing decreased on a linked-quarter basis due ...

Attorney General Pam Bondi Enters Multistate Mortgage Servicing ... - Orlando Political Observer

Orlando Political Observer

Attorney General Pam Bondi Enters Multistate Mortgage Servicing ...
Orlando Political Observer
TALLAHASSEE, Fla.—Attorney General Pam Bondi, 48 other state attorneys general, the District of Columbia, and more than 45 state mortgage regulators, today announced a $45 million settlement reached with PHH Mortgage Corporation, a New Jersey based ...
Refund checks coming from mortgage company settlementJackson Clarion Ledger
Rutledge Part of $45M Settlement with PHH Mortgage CorporationKARK

all 12 news articles »

Fed Fines 5 Big Banks $35 Million for Foreclosure, Mortgage ... - Wall Street Journal

Fed Fines 5 Big Banks $35 Million for Foreclosure, Mortgage ...
Wall Street Journal
The Federal Reserve fined five big banks $35.1 million for issues related to financial-crisis-era mortgage servicing and foreclosures, while also moving them out of the penalty box for what it said was a “substantial improvement” in their practices.

2018 Servicing Outlook: Consolidation will boost prospects for mega firms - National Mortgage News

National Mortgage News

2018 Servicing Outlook: Consolidation will boost prospects for mega firms
National Mortgage News
The largest residential mortgage servicers will get even larger in 2018, benefiting from consolidation and the outsourcing of servicing rights acquired by companies without their own platforms. There is already "vast concentration" among the top 10 to ...

Pennsylvania Governor Signs Law Concerning Mortgage Servicing Activities - Lexology

Pennsylvania Governor Signs Law Concerning Mortgage Servicing Activities
Lexology
On December 22, Pennsylvania Governor Tom Wolf signed into law SB 751, an act amending Title 7 of the Pennsylvania Consolidated Statutes to regulate certain mortgage servicing activities. The amendments revise existing definitions, define new terms ...