Servicing

Citigroup has announced that it has executed agreements that will accelerate the transformation of the U.S. mortgage business by exiting servicing operations by the end of 2018
Citigroup has announced that it has executed agreements that will accelerate the transformation of the U.S. mortgage business by exiting servicing operations by the end of 2018 to intensify focus on originations. The strategic action is intended to simplify CitiMortgage’s operations, reduce... Keep Reading....
With the Home Affordable Refinance Program (HARP) set to expire at the end of the year, Federal Housing Finance Agency (FHFA) Director Mel Watt is seeking to lay the foundation of a market that will not leave at-risk homeowners in difficult financial situ
With the Home Affordable Refinance Program (HARP) set to expire at the end of the year, Federal Housing Finance Agency (FHFA) Director Mel Watt is seeking to lay the foundation of a market that will not leave at-risk homeowners in difficult financial situations. Speaking today in Washington, D.C.,... more
The U.S. House of Representatives passed the Foreclosure Relief and Extension for Servicemembers Act of 2015
The U.S. House of Representatives passed the Foreclosure Relief and Extension for Servicemembers Act of 2015, which extends foreclosure protection for military homeowners from the current 90-day period to a one-year period beginning in January 2018. The bill is a House companion to S.2392, which... more
LRES, an Orange, Calif.-based REO and appraisal management company, is now offering a free white paper, “What Mortgage Servicers Need to Know to Prevent Liens from Destroying Investor Profits.” According to the company, this new white paper eliminates some of the confusion over the lien position of... more
Another chapter in the aftermath of the 2008 crash came to a conclusion as the federal monitor for the National Mortgage Settlement (NMS) announced that his office uncovered no failed metrics by the original NMS servicers during the third quarter of 2015
Another chapter in the aftermath of the 2008 crash came to a conclusion as the federal monitor for the National Mortgage Settlement (NMS) announced that his office uncovered no failed metrics by the original NMS servicers during the third quarter of 2015 and will now end the NMS rules imposed on... more