Servicing

The Federal Housing Finance Agency (FHFA) had modified the High LTV Streamlined Refinance program designed to help borrowers who are current on their mortgage but are unable to refinance because their loans have loan-to-value (LTV) ratios that exceed the maximum limits set by Fannie Mae and... Keep Reading....
Lenders Compliance Group (LCG), a nationwide risk management and compliance support firm, has announced the establishment of Servicers Compliance Group
Lenders Compliance Group (LCG), a nationwide risk management and compliance support firm, has announced the establishment of Servicers Compliance Group, a new practice area devoted to mortgage servicing compliance.   The unique feature of the new practice area is its concentration on interacting... more
After settling with the State of California Department of Business Oversight last month
After settling with the State of California Department of Business Oversight last month, Ocwen Financial Corporation and, its subsidiary, Ocwen Loan Servicing LLC, announced in an 8-K filing that it has entered into a 2017 Consent Order with the New York State Department of Financial Services that... more
Milwaukee Mayor Tom Barrett was recently joined by representatives from Ocwen Financial to highlight the 2016 results of the partnership between the City and Ocwen. Mayor Barrett, Alderman Michael Murphy and Ocwen announced the partnership at the beginning of last year to provide substantial... more
In a move that will re-design the options available to credit unions for servicing first mortgage loans, myCUmortgage announced that it has launched its new mortgage servicing operation
In a move that will re-design the options available to credit unions for servicing first mortgage loans, myCUmortgage announced that it has launched its new mortgage servicing operation. myCUmortgage is a leading Credit Union Service Organization (CUSO), wholly-owned by Wright-Patt Credit Union... more