Servicing

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... Keep Reading....
There are five existing refinance loans available for underwater homeowners that allow for: New secondary refinancing; no maximum combined loan-to-value (CLTV) of the first and second mortgage; and mortgage payments to stay current. This could enable Hardest Hit Funds to be used as a new second... more
The Consumer Financial Protection Bureau (CFPB) has levied a $1.75 million civil penalty against Coppell, Texas-based Nationstar Mortgage LLC
The Consumer Financial Protection Bureau (CFPB) has released a special edition supervision report focused specifically on mortgage servicers, finding that some mortgage servicers continue to use failed technology that has already harmed consumers, thus putting the company in violation of the CFPB’s... more
There was good news and not-so-great news in this morning’s residential market data reports. First, the good news: the U.S. foreclosure inventory declined in April by 23.4 percent and completed foreclosures declined by 15.8 percent in comparison to April 2015, according to CoreLogic. On a year-over... more
The Office of the Comptroller of the Currency (OCC) has announced the conclusion of its mortgage servicing-related order against Wells Fargo Bank
The Office of the Comptroller of the Currency (OCC) has announced the conclusion of its mortgage servicing-related order against Wells Fargo Bank and charged the San Francisco-based lender with a $70 million civil money penalty for previous violations of the order. The OCC’s originally issued its... more