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....
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
​Ocwen Financial Corporation has announced that current independent director Phyllis R. Caldwell will replace Barry N. Wish as chair of the company’s Board of Directors
Ocwen Financial Corporation has announced that current independent director Phyllis R. Caldwell will replace Barry N. Wish as chair of the company’s Board of Directors. The Board of Directors made this change to provide for a smooth and orderly transition after Wish informed the board that he did... more
The fourth quarter of 2015 experienced a double decline in mortgage originations and foreclosures, according to a pair of new data reports
The fourth quarter of 2015 experienced a double decline in mortgage originations and foreclosures, according to a pair of new data reports. RealtyTrac’s U.S. Residential Property Loan Origination Report found approximately 1.6 loans were originated on one-to-four-unit residential properties in the... more