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Charleston homeowner alleges his mortgage loans are illegal - West Virginia Record
Charleston homeowner alleges his mortgage loans are illegal  West Virginia Record

CHARLESTON – A Charleston man has filed suit against several financial institutions over allegations his mortgage loans are illegal.

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 ...

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 ...

Mortgage Foreclosure: Jennifer and Jeffrey Huebner - Republican Eagle
Mortgage Foreclosure: Jennifer and Jeffrey Huebner  Republican Eagle

NOTICE OF MORTGAGE FORECLOSURE SALE. THE RIGHT TO VERIFICATION OF THE DEBT AND IDENTITY OF THE ORIGINAL CREDITOR WITHIN THE ...

Triad Financial Services Signs Contract to Use Black Knight's Suite of Servicing Software, Including MSP Servicing System - Yahoo Finance
Triad Financial Services Signs Contract to Use Black Knight's Suite of Servicing Software, Including MSP Servicing System  Yahoo Finance

Also Using Black Knight's Servicing Digital Solution and the Actionable Intelligence Platform - Triad Financial Services has selected the industry-leading MSP ...

Consumer alleges Bayview Loan Servicing characterized the amount he owes on mortgage - West Virginia Record
Consumer alleges Bayview Loan Servicing characterized the amount he owes on mortgage  West Virginia Record

CHARLESTON – A Kanawha County man alleges that his mortgage servicer falsely claims he owes additional money.

Mortgage profits lag origination gains at Wells Fargo, JPMorgan Chase - National Mortgage News
Mortgage profits lag origination gains at Wells Fargo, JPMorgan Chase  National Mortgage News

Wells Fargo and JPMorgan Chase recorded stronger mortgage originations in the second quarter as rates fell, but profits from single-family loans were lower ...

Signature Bank Establishes Mortgage Servicing Banking Initiative With Appointment of New Team; Also Adds Fifth Private Client Banking Team to San Francisco Office - Yahoo Finance
Signature Bank Establishes Mortgage Servicing Banking Initiative With Appointment of New Team; Also Adds Fifth Private Client Banking Team to San Francisco Office  Yahoo Finance

Signature Bank (SBNY), a New York-based full-*service* commercial bank, announced today the appointment of two private client banking teams. A private client ...

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 servicer agrees to pay $7.8 million in escrow interest in CDBO action - Lexology
Mortgage servicer agrees to pay $7.8 million in escrow interest in CDBO action  Lexology

On June 18, the California Department of Business Oversight (CDBO) announced a $7.8 million settlement with a mortgage servicer to pay allegedly…

Stearns Lending files Chapter 11 bankruptcy after mortgage interest rate increases - USA TODAY
Stearns Lending files Chapter 11 bankruptcy after mortgage interest rate increases  USA TODAY

Mortgage lender Stearns Holdings filed for Chapter 11 bankruptcy protection Tuesday, blaming its woes in part on increased interest rates.

Stone Point buys majority of First Associates Loan Servicing - PE Hub
Stone Point buys majority of First Associates Loan Servicing  PE Hub

First Associates Loan Servicing LLC said July 16 that Stone Point Capital LLC has acquired a majority stake in the company. Financial terms weren't announced ...

Mortgage servicing rights with alternative remittance cycles up for bid - National Mortgage News
Mortgage servicing rights with alternative remittance cycles up for bid  National Mortgage News

Mortgage Industry Advisory Corp. will collect bids Tuesday on behalf of a seller for a more than $1 billion mortgage servicing rights package that includes ...

Parts of a Whole in Default Servicing - DSNews.com
Parts of a Whole in Default Servicing  DSNews.com

How are default servicers reducing friction and strengthening their networks? Editor's note: This feature originally appeared in the July issue of DS News, out ...

Mortgage Lender Stearns Holdings Files for Bankruptcy - Wall Street Journal
Mortgage Lender Stearns Holdings Files for Bankruptcy  Wall Street Journal

The parent of mortgage lender Stearns Lending filed for bankruptcy after agreeing with majority owner Blackstone Group to a debt-restructuring plan that will ...

Ditech selling forward, reverse mortgage businesses | 2019-06-18 - HousingWire
Ditech selling forward, reverse mortgage businesses | 2019-06-18  HousingWire

Ending months of speculation about how the company will survive amidst multiple bankruptcies, Ditech Holding is selling its forward and reverse mortgage ...

HomeStreet Bank sells off more of its mortgage business to Homebridge - HousingWire
HomeStreet Bank sells off more of its mortgage business to Homebridge  HousingWire

HomeStreet Bank's move away from mortgages is nearing its completion, as the bank announced Monday that it has completed the second part of the sale of ...

Ditech Names Successful Bidder for RMS - Reverse Mortgage Daily
Ditech Names Successful Bidder for RMS  Reverse Mortgage Daily

After engaging in a court-supervised sale process for the stock and assets of Reverse Mortgage Solutions (RMS), parent company Ditech Holding Corporation ...

Global Residential Mortgage Service Market 2019 Accenture, Residential Mortgage Services, Bigelow LLC. - Market News Wire 24
Global Residential Mortgage Service Market 2019 Accenture, Residential Mortgage Services, Bigelow LLC.  Market News Wire 24

The “Global Residential Mortgage *Service* Market 2018 Research Report” is an extensive Residential Mortgage *Service* Market research report contains an ...

Dougherty Mortgage Closes $1.8 million HUD 202/223(f) Loan for Lakeland Shores Apartments - MultifamilyBiz.com
Dougherty Mortgage Closes $1.8 million HUD 202/223(f) Loan for Lakeland Shores Apartments  MultifamilyBiz.com

DULUTH, MN - Dougherty Mortgage recently closed a $1.8 million HUD 202/223(f) loan for the refinancing of Lakeland Shores Apartments, a 46-unit ...

PHH Mortgage Partners With the NAACP and NID to Host “Help and Hope for Homeowners” Event - Yahoo Finance
PHH Mortgage Partners With the NAACP and NID to Host “Help and Hope for Homeowners” Event  Yahoo Finance

WEST PALM BEACH, Fla., June 24, 2019 -- PHH Mortgage, a subsidiary of Ocwen Financial Corporation and a leading mortgage servicer, is partnering with the ...

Mortgage industry calls for servicing regulation uniformity in New York - National Mortgage News
Mortgage industry calls for servicing regulation uniformity in New York  National Mortgage News

The mortgage industry is calling for better alignment between the federal government and state of New York regarding proposed regulatory revisions that would ...

Wells Fargo Reports $6.2 Billion in Quarterly Net Income; Diluted EPS of $1.30 - Yahoo Finance
Wells Fargo Reports $6.2 Billion in Quarterly Net Income; Diluted EPS of $1.30  Yahoo Finance

SAN FRANCISCO--(BUSINESS WIRE)--. Wells Fargo & Company (WFC):. Financial results: Net income of $6.2 billion, compared with $5.2 billion in second ...

Two Harbors Investment Corp. Announces Earnings Release and Conference Call for Second Quarter 2019 Financial Results - Yahoo Finance
Two Harbors Investment Corp. Announces Earnings Release and Conference Call for Second Quarter 2019 Financial Results  Yahoo Finance

Two Harbors Investment Corp. , a leading hybrid mortgage real estate investment trust, announced today that it will release financial results for the quarter ended ...

Muted Lending, Low Rates to Hurt SunTrust's (STI) Q2 Earnings - Nasdaq
Muted Lending, Low Rates to Hurt SunTrust's (STI) Q2 Earnings  Nasdaq

SunTrust Banks STI is scheduled to report second-quarter 2019 results on Jul 18, before the opening bell. While its revenues for the to-be-reported.

Wintrust Financial Corporation Reports Second Quarter 2019 Net Income of $81.5 million and Year-to-Date Net Income of $170.6 million - Nasdaq
Wintrust Financial Corporation Reports Second Quarter 2019 Net Income of $81.5 million and Year-to-Date Net Income of $170.6 million  Nasdaq

ROSEMONT, Ill., July 15, 2019-- Wintrust Financial Corporation announced net income of $81.5 million or $1.38 per diluted common share for the.

New Residential CEO Mike Nierenberg Reflects On Some of The Changes Involving Residential Mortgages - The Libertarian Republic
New Residential CEO Mike Nierenberg Reflects On Some of The Changes Involving Residential Mortgages  The Libertarian Republic

New Residential Corporation CEO Mike Nierenberg says that many investors have to think outside the box. While thinking outside the box normally means using ...

How to Maintain Fair and Responsible Servicing Practices - ABA Banking Journal
How to Maintain Fair and Responsible Servicing Practices  ABA Banking Journal

Fair servicing risks and controls are more difficult for bank compliance officers to identify than other operational processes.

Hunt Investment Management Closes First Opportunity Zone Deal with Third-Party Capital - Yahoo Finance
Hunt Investment Management Closes First Opportunity Zone Deal with Third-Party Capital  Yahoo Finance

Development Adds 92000 square feet of Tech-Focused Space to Charleston - NEW YORK , July 16, 2019 /PRNewswire/ -- Hunt Investment Management is ...

FirstBank exiting wholesale mortgage lending | 2019-06-25 - HousingWire
FirstBank exiting wholesale mortgage lending | 2019-06-25  HousingWire

In what's become a trend, another lender announced this week that it is scaling back its mortgage business. Recently, HomeStreet Bank announced plans to sell ...

Situs, American Mortgage to Merge, Create Real Estate Advisory Giant - Commercial Observer
Situs, American Mortgage to Merge, Create Real Estate Advisory Giant  Commercial Observer

Situs Group Holdings Corporation and American Mortgage Consultants have agreed to merge the two firms into an entity called SitusAMC.

New Penn Financial v Tracy | Legals - Rutland Herald
New Penn Financial v Tracy | Legals  Rutland Herald

STATE OF VERMONT SUPERIOR COURT CIVIL DIVISION RUTLAND UNIT DOCKET NO: 217-4-18 Rdcv New Penn Financial LLC d/b/a Shellpoint Mortgage ...

The Industry Pulse: Updates on Black Knight, Flagstar, and More - DSNews.com
The Industry Pulse: Updates on Black Knight, Flagstar, and More  DSNews.com

From technology enhancements and acquisitions to key hires, click through to learn the latest industry buzz.

PennyMac Mortgage Investment Trust Declares Second Quarter 2019 Dividend for Its Common Shares - Yahoo Finance
PennyMac Mortgage Investment Trust Declares Second Quarter 2019 Dividend for Its Common Shares  Yahoo Finance

PennyMac Mortgage Investment Trust is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and mortgage-related ...

Synovus Announces Earnings for the Second Quarter 2019 - Yahoo Finance
Synovus Announces Earnings for the Second Quarter 2019  Yahoo Finance

Diluted Earnings per Share of $0.96, up 5.5% vs. $0.91 in 2Q18.

Signature Bank Debuts Private Client Banking for Mortgage Companies - National Mortgage Professional Magazine
Signature Bank Debuts Private Client Banking for Mortgage Companies  National Mortgage Professional Magazine

Signature Bank has created a private client banking team focused on commercial and residential mortgage companies.

FAR Adds Proprietary HomeSafe Select Product in Florida - Reverse Mortgage Daily
FAR Adds Proprietary HomeSafe Select Product in Florida  Reverse Mortgage Daily

Finance of America Reverse (FAR), the number two reverse mortgage lender according to June origination data, has added its proprietary HomeSafe Select ...

Financial Services Weekly News: Bank Regulators Simplify Capital Rules - JD Supra
Financial Services Weekly News: Bank Regulators Simplify Capital Rules  JD Supra

EDITOR'S NOTE - Working Weekends and Holidays. While most Americans were enjoying the Independence Day holiday weekend, the Board of Governors of ...

Creditors try to force Live Well Financial into bankruptcy - HousingWire
Creditors try to force Live Well Financial into bankruptcy  HousingWire

In May, Live Well Financial abruptly shuttered operations, saying it would no longer be funding forward or reverse mortgage loans and laid off 103 employees.

Zacks: Brokerages Anticipate Cherry Hill Mortgage Investment Corp (NYSE:CHMI) to Announce $0.52 Earnings Per Share - Mayfield Recorder
Zacks: Brokerages Anticipate Cherry Hill Mortgage Investment Corp (NYSE:CHMI) to Announce $0.52 Earnings Per Share  Mayfield Recorder

Equities research analysts forecast that Cherry Hill Mortgage Investment Corp (NYSE:CHMI) will post earnings of $0.52 per share for the current fiscal quarter, ...

Home-retention law firm provides legal guidance for mortgage pros - HousingWire
Home-retention law firm provides legal guidance for mortgage pros  HousingWire

Gross Polowy, LLC was formed in New York in 2011, during a time when distressed mortgages and residential foreclosures were rampant across the country.

New Ways to Think About Your Mortgage - Morningstar.com
New Ways to Think About Your Mortgage  Morningstar.com

Christine Benz: Hi, I'm Christine Benz for Morningstar.com. Thanks to the new tax laws, carrying a mortgage may make less financial sense now than it did in the ...

Form 8-K WINTRUST FINANCIAL CORP For: Jul 16 - StreetInsider.com
Form 8-K WINTRUST FINANCIAL CORP For: Jul 16  StreetInsider.com

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here.

Ditech Holding Corporation – Court Approves Stalking Horse Agreements and Bid Protections for Forward and Reverse Mortgage Servicing Businesses - Bankrupt Company News
Ditech Holding Corporation – Court Approves Stalking Horse Agreements and Bid Protections for Forward and Reverse Mortgage Servicing Businesses  Bankrupt Company News

July 3, 2019 – Further to the Court's bidding procedures order [Docket No. 456], the Debtors have now received Court approval in respect of a designated ...

OCC: Borrowers keep getting better at paying off their mortgages - HousingWire
OCC: Borrowers keep getting better at paying off their mortgages  HousingWire

American homeowners are doing a fine job keeping up with their mortgage payments, a strong sign of a healthy, functioning economy. The latest report from the ...

Reg X Does Not Prevent Rescheduling a Foreclosure Sale - Lexology
Reg X Does Not Prevent Rescheduling a Foreclosure Sale  Lexology

The Eleventh Circuit's most recent decision regarding Regulation X, 12 C.F.R. § 1024.1, et seq., of the Real Estate Settlement Procedures Act…

Federal Reserve Rationalizes Stock Buyback Rules - Lexology
Federal Reserve Rationalizes Stock Buyback Rules  Lexology

On June 9, 2019, the federal banking agencies released a final rule to simplify aspects of the regulatory Capital Rules for banking organizations…

Servicer's Motion to Reschedule Foreclosure Sale Considered Housekeeping and Not a RESPA Violation - Lexology
Servicer's Motion to Reschedule Foreclosure Sale Considered Housekeeping and Not a RESPA Violation  Lexology

Recently, the United States Court of Appeals for the Eleventh Circuit issued a decision in Landau v. Roundpoint Mortgage Servicing Corporation, 2019…

Digital, Broker, Capital Mkts. Products; FHA and Down Payment News - Mortgage News Daily
Digital, Broker, Capital Mkts. Products; FHA and Down Payment News  Mortgage News Daily

In honor of World Population Day today, the Census Bureau tells us that the world's population will hit 7.58 billion this month. But why believe that? Or anything ...

Non-Borrowing Spouse Scenario Sheds Light on Reverse Mortgage Misunderstandings - Reverse Mortgage Daily
Non-Borrowing Spouse Scenario Sheds Light on Reverse Mortgage Misunderstandings  Reverse Mortgage Daily

Multiple high-profile news articles that have appeared in different media outlets this year have highlighted the continued difficulties faced by the reverse ...

Non-QM, Broker, Marketing, Tech Products; Wholesale News; Webinars - Mortgage News Daily
Non-QM, Broker, Marketing, Tech Products; Wholesale News; Webinars  Mortgage News Daily

You don't think your spouse listens to you? What about Google? You bet: “Google Very Angry After Contractor Leaks Over a Thousand Assistant Recordings.

Flagstar Acquires Default Servicing Operations - DSNews.com
Flagstar Acquires Default Servicing Operations  DSNews.com

Troy, Michigan-headquartered Flagstar Bank is acquiring the default servicing operations of a vendor supporting its serviced loan portfolio. Flagstar said that it ...

FB Financial wraps up mortgage refresh with correspondent channel sale - National Mortgage News
FB Financial wraps up mortgage refresh with correspondent channel sale  National Mortgage News

FB Financial is selling its correspondent lending channel to Rushmore Loan Management Services, which will complete the bank holding company's ...

University Bancorp 1Q2019 Net Loss $735,428, $0.14 Per Share - Yahoo Finance
University Bancorp 1Q2019 Net Loss $735,428, $0.14 Per Share  Yahoo Finance

ANN ARBOR, MI / ACCESSWIRE / June 17, 2019 / University Bancorp, Inc. (UNIB) announced that it had an unaudited net loss attributable to University ...

Residential Mortgage Service Market Is Booming Worldwide | Accenture, Residential Mortgage Services, Bigelow LLC., Cummings Mortgage Service - PortNews24
Residential Mortgage Service Market Is Booming Worldwide | Accenture, Residential Mortgage Services, Bigelow LLC., Cummings Mortgage Service  PortNews24

A new Market Research from Stats & Reports, the Global Residential Mortgage *Service* Market 2019-25, is expected to show tremendous growth in the coming ...

CFPB News: Kraninger Affirms CIDs, Payday Rule Delayed - Lexology
CFPB News: Kraninger Affirms CIDs, Payday Rule Delayed  Lexology

Director Kathy Kraninger is in the news, taking a hard line on civil investigative demands (CIDs), backing two new settlements and issuing a further…

Five Minutes With: LoanCare's Dave Worrall - DSNews.com
Five Minutes With: LoanCare's Dave Worrall  DSNews.com

Editor's note: this piece originally appeared in the June issue of DS News. Dave Worrall leads a team of seasoned loan servicers to not only add value to their ...

Carmel in brief — July 16, 2019 - Current in Carmel
Carmel in brief — July 16, 2019  Current in Carmel

Correction – A story in the July 9 edition of Current in Carmel incorrectly listed the address of Goodman Campbell Brain and Spine. Its new Carmel office is at ...

Altisource sells off financial services business, majority of real estate assets - HousingWire
Altisource sells off financial services business, majority of real estate assets  HousingWire

The winds of change continue to blow at Altisource Portfolio Solutions as the company announced Monday that it has sold off its financial services business and ...

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 ...

Two Harbors Investment Corp. (TWO)'s Financial Results Comparing With New York Mortgage Trust Inc. (NASDAQ:NYMTO) - The InvestReporter
Two Harbors Investment Corp. (TWO)'s Financial Results Comparing With New York Mortgage Trust Inc. (NASDAQ:NYMTO)  The InvestReporter

Two Harbors Investment Corp. (NYSE:TWO) and New York Mortgage Trust Inc. (NASDAQ:NYMTO), both competing one another are REIT - Residential ...

Apollo Commercial Real Estate Finance Inc. (ARI)'s Financial Results Comparing With PennyMac Mortgage Investment Trust (NYSE:PMT) - The InvestReporter
Apollo Commercial Real Estate Finance Inc. (ARI)'s Financial Results Comparing With PennyMac Mortgage Investment Trust (NYSE:PMT)  The InvestReporter

Apollo Commercial Real Estate Finance Inc. (NYSE:ARI) and PennyMac Mortgage Investment Trust (NYSE:PMT) compete against each other in the REIT ...

PMM appoints COO - Property Funds World
PMM appoints COO  Property Funds World

PMM Group, an alternative asset manager specialising in real estate & real estate debt, has appointed Richard Collins as Chief Operating Officer (COO), a newly ...

Creditors: Live Well Financial under watch by FBI, SEC - RichmondBizSense
Creditors: Live Well Financial under watch by FBI, SEC  RichmondBizSense

As a group of creditors attempts to force it into bankruptcy, a collapsed local mortgage company also apparently has federal authorities on its back. Live Well ...

New Residential Investment Corp.: Another Stable Dividend And (Potentially) A New Deal - Seeking Alpha
New Residential Investment Corp.: Another Stable Dividend And (Potentially) A New Deal  Seeking Alpha

New Residential Investment Corp. just announced a stable dividend for the second quarter. The dividend announcements come shortly after other mortgage ...

Planet Management Group Opens Western Regional Office in Lone Star State - National Mortgage Professional Magazine
Planet Management Group Opens Western Regional Office in Lone Star State  National Mortgage Professional Magazine

Planet Management Group, a servicer of residential and commercial mortgages and real estate assets, has opened a Western regional office in Irving, Texas, ...

Sometimes Analysts Have Good Ideas - Bloomberg
Sometimes Analysts Have Good Ideas  Bloomberg

Also prime brokerage, GSEs, enhancement and golden kangaroos.

Trade groups cast doubt over FHA's attempt to remove lending roadblocks - HousingWire
Trade groups cast doubt over FHA's attempt to remove lending roadblocks  HousingWire

In recent years, lenders have shied away from the Federal Housing Administration's mortgage program out of fear that minor infractions could lead to major ...

Invictus returns with $368.9M investor-property RMBS - Asset Securitization Report
Invictus returns with $368.9M investor-property RMBS  Asset Securitization Report

Verus Securitization Trust 2019-INV2 is backed by investor loans secured by 1042 rental properties. The loans were originated by 76 different lenders.

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, ...

Volly Hires Theresa Sloan as SVP of Client Services - Mortgageorb
Volly Hires Theresa Sloan as SVP of Client Services  Mortgageorb

Industry veteran Theresa Sloan has joined Volly, a provider of SaaS-based marketing automation, CRM and POS solutions for banks and mortgage companies, ...

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 ...

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 ...

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 ...

Freddie Mac: On the right track | 2019-07-01 - HousingWire
Freddie Mac: On the right track | 2019-07-01  HousingWire

I'm going to lead from the front, but I'm going to lead shoulder-to-shoulder with the 10000 folks here and the 100000 folks in the industry,” said Freddie Mac CEO ...

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 ...

THDA touts first-time homebuyers program - Cleveland Daily Banner
THDA touts first-time homebuyers program  Cleveland Daily Banner

Representatives of the Tennessee Housing Development Agency are visiting communities across the state to promote availability and opportunities for potential ...

Auto among 4 unchanged June default metrics - Auto Remarketing
Auto among 4 unchanged June default metrics  Auto Remarketing

Steady is an adjective that certainly summarizes the latest default data discovered by S&P Dow Jones Indices and Experian.

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 ...

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 ...

Exceleras Updates it REO Disposition Platform with New Functionality - Mortgageorb
Exceleras Updates it REO Disposition Platform with New Functionality  Mortgageorb

Not long ago, Exceleras added some consumer-facing functionality to its platform to allow consumers to search for REO. Now, the company has enhanced the ...

Mortgage Servicing: Trends and Challenges - DSNews.com
Mortgage Servicing: Trends and Challenges  DSNews.com

Potential homebuyers want more assistance with their buying process, according to the recent TD Bank Mortgage *Service* Index. The Index notes that ...

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 ...

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 ...

Financial Contrast: OceanFirst Financial (NASDAQ:OCFC) vs. Flagstar Bancorp (NASDAQ:FBC) - Mayfield Recorder
Financial Contrast: OceanFirst Financial (NASDAQ:OCFC) vs. Flagstar Bancorp (NASDAQ:FBC)  Mayfield Recorder

Flagstar Bancorp (NYSE:FBC) and OceanFirst Financial (NASDAQ:OCFC) are both small-cap finance companies, but which is the better business? We will ...

CFPB 2019 fair lending report highlights alternative scoring models - JD Supra
CFPB 2019 fair lending report highlights alternative scoring models  JD Supra

The CFPB's annual fair lending report covering its 2018 activities was published in today's Federal Register. While most of the report recycles information about ...

LRES Promotes Molly Merchant as its Senior Director of REO Asset Management - Business Wire
LRES Promotes Molly Merchant as its Senior Director of REO Asset Management  Business Wire

LRES Corporation, a national residential and commercial mortgage services company, announces the promotion of Molly Merchant to Senior Director of REO.

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 ...

Legislation vs. Automation: The “Stopping Bad Robocalls Act” - The MReport
Legislation vs. Automation: The “Stopping Bad Robocalls Act”  The MReport

Energy and Commerce Chairman Frank Pallone, Jr. and Ranking Member Greg Walden have unveiled the bipartisan Stopping Bad Robocalls Act. Here's what ...

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 ...

Interest taking up an ever-greater chunk of mortgage debt servicing - Mortgage Broker News
Interest taking up an ever-greater chunk of mortgage debt servicing  Mortgage Broker News

According to recent Statistics Canada data, Canadian home owners paid $91.42 billion in mortgage debt payments during the first quarter of the year alone, with ...

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 ...

Mortgage Servicing Industry Gathers to Benefit Veterans - DSNews.com
Mortgage Servicing Industry Gathers to Benefit Veterans  DSNews.com

The first annual Veterans Financial Services Advisory Council Golf Classic raised more than $200k to help provide housing for military veterans. Click through to ...

American Strategic Income Portfolio (NYSE:ASP) Trading 3.2% Higher - Mayfield Recorder
American Strategic Income Portfolio (NYSE:ASP) Trading 3.2% Higher  Mayfield Recorder

American Strategic Income Portfolio Inc. (NYSE:ASP) traded up 3.2% during mid-day trading on Tuesday . The company traded as high as $6400.00 and last ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...