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....
CoreLogic has released its February 2016 National Foreclosure Report ,which shows the foreclosure inventory declined by 23.9 percent and completed foreclosures declined by 10 percent
The foreclosure inventory declined by 23.9 percent and completed foreclosures declined by 10 percent on a year-over-year basis in February, according to new data from CoreLogic, while the number of completed foreclosures nationwide decreased to 34,000 from 38,000 one year earlier. The February... more
Ocwen Financial Corporation and the NAACP are renewing their “Help & Hope for Homeowners” seminars for another year
Ocwen Financial Corporation and the NAACP are renewing their “Help & Hope for Homeowners” seminars for another year, with events planned this summer across Florida, New Jersey, Texas and Washington. The “Help & Hope for Homeowners” events connect financially distressed homeowners with Ocwen... more
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