Servicing

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... Keep Reading....
The Consumer Financial Protection Bureau (CFPB) has issued a proposal that would alter the reporting requirements for banks and credit unions that issue home equity lines of credit (HELOCs)
The Consumer Financial Protection Bureau (CFPB) has reached an agreement with Chicago-based Fay Servicing for $1.15 million for allegedly failing to provide mortgage borrowers with proper information and protections against foreclosure.   The CFPB charged the company with failing to provide... more
Ocwen Financial Corporation and HomeFree-USA will co-host a borrower outreach event in Riverdale, Md. to help Maryland homeowners who are struggling to meet their mortgage obligations
Ocwen Financial Corporation and HomeFree-USA will co-host a borrower outreach event in Riverdale, Md. to help Maryland homeowners who are struggling to meet their mortgage obligations. This event, “More Help for Homeowners” will be held on June 8 from 1:00 p.m.-7:00 p.m. ET at HomeFree-USA's... more
Require Holdings has announced that it has completed its acquisition of Service 1st Valuation and Settlement Services Inc.
Require Holdings has announced that it has completed its acquisition of Service 1st Valuation and Settlement Services Inc. Service 1st is a provider of valuation risk management services, including: Desk reviews, valuation risk analysis, field reviews and market data.   The company will be a wholly... more
Ocwen Financial Corporation has announced that it is working with New Residential towards an agreement that would further solidify and enhance the business relationship between the two companies
Ocwen Financial Corporation has announced that it is working with New Residential towards an agreement that would further solidify and enhance the business relationship between the two companies. The proposed new agreement relates to approximately $117 billion in mortgage servicing rights (MSRs),... more