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Servicing

Black Knight Executes Loan Servicing Agreement With Green Tree

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Black Knight Financial Services (BKFS) has announced that Green Tree Servicing has signed a Loan Servicing Agreement for MSP, Black Knight's industry-leading mortgage and consumer loan servicing platform.Click to continue

Rep. Cummings and Sen. Warren Call on GAO to Probe Non-Bank Servicers

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Rep. Elijah E. Cummings, Ranking Member of the House Committee on Oversight and Government Reform, and Sen. Elizabeth Warren, member of the Senate Committee on Banking, Housing and Urban Affairs, called on the Government Accountability Office (GAO) to investigate threats to consumers arising from the growth in non-bank mortgage servicing.Click to continue

Foreclosures Down 16 Percent Year-Over-Year in Q3

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RealtyTrac has released its U.S. Foreclosure Market Report for September and the third quarter of 2014, which shows foreclosure filings—default notices, scheduled auctions and bank repossessions— were reported on 317,171 U.S.Click to continue

More Than 40,000 Permanent Loan Mods Reportedly Granted in August

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HOPE NOW has released its August 2014 loan modification data, which found that an estimated 40,000 homeowners received permanent, affordable loan modifications from mortgage servicers during the month. This total includes modifications completed under both proprietary programs and the government’s Home Affordable Modification Program (HAMP).Click to continue

First Bank Mortgage Inks Renewal of Black Knight Financial's Servicing Platform

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Black Knight Financial Services (BKFS) has announced that First Bank Mortgage has signed a three-year contract to continue servicing its mortgage loans on the MSP system, Black Knight's industry-leading mortgage and consumer loan servicing platform. MSP's platform will be used by First Bank Mortgage to manage all of its servicing processes, including loan boarding, payment processing, escrow administration, default management and more.Click to continue

CoreLogic Reports 45,000 Completed Foreclosures in August

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CoreLogic has released its August National Foreclosure Report, which provides data on completed U.S. foreclosures and foreclosure inventory, which found that there were 45,000 completed foreclosures nationally, down from 58,000 in August 2013, a year-over-year decrease of 22.2 percent.Click to continue

Kansas Man Sentenced for HARP Fraud

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Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP), and Barry R. Grissom, U.S. Attorney for the District of Kansas, have announced that Eduardo Garcia Sabag, a Mexican national residing in Wichita, Kan., was sentenced for one count of making false bank entries, reports, and transactions for using a Social Security Number that was not his own to obtain a mortgage loan modification through the Home Affordable Modification Program (HAMP), the TARP-funded housing support program.Click to continue