Servicing

The Consumer Financial Protection Bureau (CFPB) has filed a lawsuit against Ocwen Financial Corp. and its subsidiaries, accusing the company of “failing borrowers at every stage of the mortgage servicing process.” The CFPB noted that the Florida Attorney General and “many state financial regulators... Keep Reading....
​Urban Lending Solutions (ULS) has announced that Fifth Third Bank has engaged in a supplier partner relationship with Urban Lending Solutions Appraisals (ULSA)
Urban Lending Solutions (ULS) has announced that Fifth Third Bank has engaged in a supplier partner relationship with Urban Lending Solutions Appraisals (ULSA), a subsidiary of ULS. Fifth Third signed an agreement for appraisal management services to support enhanced services for its customers. “... more
Approximately 117,000 non-foreclosure solutions—including total loan modifications, short sales, deeds in lieu and workout plans—were executed in April, according to new data from HOPE NOW
Ocwen Financial Corporation has announced that according to the recently released U.S. Department of the Treasury Making Home Affordable Performance Program (MHA) Report, Ocwen is the leader in helping struggling homeowners stay in their homes through the Home Affordable Modification Program (HAMP... more
Nearly one-quarter of homebuyers regret their choice of lenders, according to the J.D. Power 2016 U.S. Primary Mortgage Origination Satisfaction Study
Ocwen Financial Corp. was faulted by the federal monitor of the National Mortgage Settlement (NMS) for falling short on two tests related to force-placed insurance during the fourth quarter of 2015. In a report issued today by Joseph A. Smith Jr., the NMS monitor, Ocwen was credited with passing... more
It is a good day for the servicing side of the mortgage industry, as new data affirms decreasing levels of negative equity and loan delinquency
Negative equity continues to be an equal opportunity challenge, impacting 13.7 percent of homeowners in urban regions and 11.2 percent of homeowners in suburban regions, according to new data from Zillow. During the second quarter, 12.1 percent of all U.S. mortgaged homeowners were burdened with... more