Servicing

The increased use of alternatives to traditional residential property appraisals has the potential to dilute the credit quality of new residential mortgage-backed securities (RMBS) unless certain risks are mitigated
The increased use of alternatives to traditional residential property appraisals has the potential to dilute the credit quality of new residential mortgage-backed securities (RMBS) unless certain risks are mitigated, according to a new report from Moody’s Investors Service.   In its report, Moody’s... Keep Reading....
Yesterday’s news of a Federal Reserve rate hike was followed by today’s news of mostly stagnant mortgage rate activity
The Federal Reserve has announced $35.1 million in civil penalties against five financial services companies for “mortgage servicing deficiencies.” However, the central bank also terminated enforcement actions related to residential mortgage loan servicing and foreclosure processing issued in 2011... more
As the Housing Bubble and subsequent Great Recession fades further into the past, a new study is offering a different theory on how property taxes may have contributed to the financial debacle
Fannie Mae and Freddie Mac completed 41,465 foreclosure prevention actions in the third quarter, according to data released by the Federal Housing Finance Agency (FHFA). During the third quarter, the number of early stage delinquent loans—covering the first 30 to 59 days of delinquency—rose by 25... more
RoundPoint Mortgage Servicing Corporation (RPMS) has announced the launch of its Retail Mortgage Lending Division
RoundPoint Mortgage Servicing Corporation (RPMS) has announced that, after 10 years of operation, it recently launched a Retail Mortgage Lending Division. Licensed in 42 states, its mortgage lending operation is headquartered in Charlotte where RPMS is based.   The new Mortgage Lending Division,... more
First American Financial Corp. has announced that it will acquire Bank of America’s lien release business, which includes an agreement to provide these services to Bank of America
First American Financial Corp. has announced that it will acquire Bank of America’s lien release business, which includes an agreement to provide these services to Bank of America.   The transaction is expected to close in the first quarter of 2018, and the bank’s lien business employees will... more