Servicing

The Mortgage Collective, an organization comprised of representatives of some of the industry’s leading investment, lending, and loan servicing companies
The Mortgage Collective, an organization comprised of representatives of some of the industry’s leading investment, lending, and loan servicing companies, recently met to discuss the challenges associated with newly emerging areas of risk. The conference was led by Conference Chair Timika Cole, a... Keep Reading....
Sen. Harry Reid (D-NV) has looked into the future and does not see Sen. Elizabeth Warren (D-MA) as a viable candidate for the Democratic Party’s presidential nomination in 2020
Democrats in the U.S. Senate, under the leadership of Sen. Elizabeth Warren (D-MA), are attempting to plant the seeds of a digital grass-roots movement to prevent the confirmation of Steven Mnuchin to become the Secretary of the Treasury in President-Elect Donald Trump’s administration. On a... more
There was bad news for SunTrust in the latest test results from the Office of the Monitor of the National Mortgage Settlement (NMS): The company failed one of its first quarter tests related to the collection of default-related fees
There was bad news for SunTrust in the latest test results from the Office of the Monitor of the National Mortgage Settlement (NMS): The company failed one of its first quarter tests related to the collection of default-related fees. In a statement issued by NMS Monitor Joseph A. Smith Jr.,... more
Bank of America has conditionally fulfilled 97 percent of its obligation to provide $7 billion worth of consumer relief under its August 2014 settlement with the U.S. Department of Justice (DOJ) and six states
Bank of America has conditionally fulfilled 97 percent of its obligation to provide $7 billion worth of consumer relief under its August 2014 settlement with the U.S. Department of Justice (DOJ) and six states, Eric D. Green, independent Monitor of the agreement, has reported. Professor Green, in... more
The first quarter of this year saw mortgage servicers arranging 319,000 non-foreclosure solutions for distressed homeowners
Citibank scored a legal victory with an appeals court ruling that debtors that surrendered property under the Bankruptcy Code did not have the right to oppose the bank’s foreclosure efforts. According to a Bloomberg report, the Citibank case involved David and Donna Failla, who defaulted on their... more