Servicing | Page 7 | National Mortgage Professional Magazine
Subscribe
Applied Business Software (ABS) has announced that RCN Capital has chosen The Mortgage Office software to automate its back office servicing operations

RCN Selects The Mortgage Office for Its Servicing Needs

Applied Business Software (ABS) has announced that RCN Capital has chosen The Mortgage Office...Read more
Four years after Superstorm Sandy devastated the coastal properties in the Northeast

New York City Foreclosure Activity on the Rise

Foreclosures in New York City saw a 79 percent year-over-year increase in the third quarter,...Read more
Consumer Financial Protection Bureau Director Kathleen L. Kraninger has announced a symposia series exploring consumer protections in today’s dynamic financial services marketplace

CFPB Tinkers With Mortgage Servicing Rules

The Consumer Financial Protection Bureau (CFPB) issued an interim final rule and a proposed rule to...Read more
Wells Fargo, the largest mortgage lender and third largest bank in the nation, is planning to cut between five and 10 percent of its workforce over the next three years

Wells Fargo Pays $51B for MSRs Acquisition

Wells Fargo & Co. has acquired approximately $51 billion in mortgage servicing rights (MSRs)...Read more
The national delinquency rate recorded its second year-over-year increase in October due to the impact of Hurricanes Harvey and Irma, according to new data from Black Knight Inc.

New Forecast: 300K Mortgage Delinquencies From Harvey

The devastation left behind by Hurricane Harvey could result in 300,000 new mortgage delinquencies...Read more
Ocwen Financial Corporation has announced loan modification borrower assistance results for the first half of 2017, as the company helped approximately 30,000 families avoid foreclosure and remain in their homes in the first six months of 2017

Ocwen Assists 30,000-Plus Struggling Families in Q1 and Q2

Ocwen Financial Corporation has announced loan modification borrower assistance results for the...Read more
The level of mortgage homeowners with tappable equity has reached a record peak, but tax code changes could have an impact on this market, according to a data analysis from Black Knight Inc.

FHFA Extends HARP, Modifies Refinance Program

The Federal Housing Finance Agency ( FHFA ) had modified the High LTV Streamlined Refinance program...Read more
The frequency of defects, fraudulence and misrepresentation in the information submitted in mortgage loan applications during February was up by 4.4 percent from January and up 14.5 percent from February 2018

Mortgage Delinquency Landscape Continues to Shrink

A new data report issued by CoreLogic has determined that 4.5 percent of mortgages were in some...Read more
Nearly 300 employees and senior managers from Guild Mortgage recently spent a day renovating a primary school and engaging with local students in Playa Del Carmen, Mexico

Guild Mortgage Employees Volunteer Renovating Mexican School

Nearly 300 employees and senior managers from Guild Mortgage recently spent a day renovating a...Read more
Customer satisfaction with primary mortgage originators is on the rise, according to the J.D. Power 2018 U.S. Primary Mortgage Origination Satisfaction Study

Servicing Customers Express Problems in New J.D. Power Study

Borrowers dealing with mortgage servicers are having their patience tested, according to the 2017 J...Read more

Mortgage Jobs

More