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  1. News From NAMB: May 26, 2017

    ... If Congress can delegate the President’s authority to independent agencies, what stops Congress from delegating ALL of the ... have become excuses to unnecessarily postpone or evade foreclosure.  It has made fewer companies interested in servicing or even ... unions.  Don’t think this will happen quickly since the review won’t end until 2019.  Meanwhile, QM was invoked at the same time and ...

    John Councilman - 2017-05-26 10:48

  2. Ocwen Financial Announces Changes to Its Board

    ... Ocwen Financial Corporation has announced that current independent director Phyllis R. Caldwell will replace Barry N. Wish as chair of ... U.S. housing market stabilization, economic recovery, and foreclosure prevention initiatives established through the Troubled Asset ... - 2016-02-24 10:55

  3. OCC Ends Servicing Consent Orders Against Two Banks

    ... OCC noted these fees occurred “outside the scope of the Independent Foreclosure Review and the 2013 IFR Payment Agreement.” EverBank has been ...

    Phil Hall - 2016-01-05 16:30

  4. Ocwen Fulfills Terms of National Mortgage Settlement Agreement

    ... quarters of 2014. The report includes the results of the independent retesting of at-risk metrics and the corrective action steps Ocwen ... to be net present value positive when compared with a foreclosure. In the end, our principal reduction modifications benefit both ... - 2015-08-12 17:45

  5. Bank of America Continues Progress Towards Fulfilling Mortgage Settlement Requirements

    ... Department of Justice (DOJ) and six states, Eric D. Green, independent Monitor of the agreement, reported. In the second of his ... and state-based organizations providing legal assistance for foreclosure prevention or community redevelopment. To help the public ... - 2015-08-03 10:08

  6. OCC Terminates Orders Against Three Mortgage Servicers, Imposes Restrictions on Six Others

    ... of 2015 any remaining uncashed payments made pursuant to the Independent Foreclosure Review (IFR) Payment Agreement so eligible borrowers and their ... - 2015-06-18 10:45

  7. OCC to Escheat Uncashed Foreclosure Relief Funds; Restrictions Placed on Chase, Wells Fargo

    ... be able to claim uncashed payments made pursuant to the 2013 Independent Foreclosure Review Payment Agreement through their respective states' ...

    Mortgage News Ticker - 2015-06-18 09:56

  8. Ocwen Making Progress Under CEO Ron Faris

    ... Bureau (CFPB), to investigate what it called the “pro-foreclosure campaigns” launched by several hedge funds, mortgage bond traders ... bondholders. On Feb. 25, Morgan Stanley issued an independent report on Ocwen’s servicing operations that said the company does ...

    George Yacik - 2015-05-04 16:36

  9. SunTrust and Ocwen Report Q4 Servicing Settlement Relief

    ... live in hardest-hit areas or previously lost a home to foreclosure or short sale. “This is SunTrust’s first report on its ... with the servicing standards set forth by the NMS. He and an independent professional firm are conducting an investigation into issues found ... - 2015-04-07 16:53

  10. Improvements Made to Mortgage Settlement Fund Distribution

    ... of the Comptroller of the Currency (OCC) initiated the Independent Foreclosure Review to identify mortgage servicing abuses that homeowners were ...

    National Mortgage Professional - 2014-10-07 21:35