Servicing | Page 7 | National Mortgage Professional Magazine
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Fannie Mae is predicting a robust economic growth for this year, despite a projected slowdown during the first quarter

Fed Levies $35M in Fines Against Five Servicers

The Federal Reserve has announced $35.1 million in civil penalties against five financial services...Read more
As the Housing Bubble and subsequent Great Recession fades further into the past, a new study is offering a different theory on how property taxes may have contributed to the financial debacle

FHFA Releases Q3 Foreclosure Prevention Data

Fannie Mae and Freddie Mac completed 41,465 foreclosure prevention actions in the third quarter,...Read more
RoundPoint Mortgage Servicing Corporation has announced it has replaced two of its existing debt facilities with a new, $650 million facility. Under the new facility, the credit commitment has increased by over $300 million

RoundPoint Mortgage Servicing Launches Retail Division

RoundPoint Mortgage Servicing Corporation (RPMS) has announced that, after 10 years of operation,...Read more
First American Financial Corp. has announced that it will acquire Bank of America’s lien release business, which includes an agreement to provide these services to Bank of America

Bank of America Sells Lien Release Business

First American Financial Corp. has announced that it will acquire Bank of America’s lien release...Read more
The Mortgage Bankers Association (MBA) has announced a strategic initiative aimed at creating affordable housing partnerships in the policy and business arenas, with the goal of promoting more sustainable, affordable homes for purchase and rental by under

MBA Objects to Tax Bill Provision on MSRs

The Mortgage Bankers Association (MBA) has raised an objection to a provision in the tax bill being...Read more
Home prices in Ohio were up in March despite a slight dip in sales from last year’s record level

Ocwen Aids Ohio Community Groups to Assist Struggling Borrowers

Ocwen Financial Corporation has announced loan modification borrower assistance results for...Read more
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
New York State Attorney General Letitia James urged the Consumer Financial Protection Bureau (CFPB) not to adopt its recently-proposed rule

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

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