Settlement | Page 2 | National Mortgage Professional Magazine
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The Royal Bank of Scotland Group (RBS) has agreed to a $4.9 billion settlement with the Department of Justice related to the company’s issuance and underwriting of residential mortgage-backed securities (RMBS) between 2005 and 2007

Ocwen, NAACP and NJCA to Co-Host Garden State Homeowners Forum

Ocwen Financial Corporation, New Jersey Citizen Action (NJCA), and the New Jersey State Conference...Read more
The third quarter of this year saw a total of 143,105 properties with foreclosure filings,

Foreclosure Filings Plummet During First Half of 2018

A total of 362,275 properties carried foreclosure filings in the first half of this year, down 15...Read more
Anow, creator of software for real estate appraisal offices, has announced that it has forged a partnership with the National Association of Appraisers (NAA)

RBS in $20M RMBS Settlement with Illinois

Royal Bank of Scotland (RBS) has agreed to a $20 million settlement with the State of Illinois in...Read more
Rutledge Claims Management Inc. (RCM), a San Diego-based provider of hazard insurance claims management for the mortgage industry, has promoted Aubrey Gilmore to the role of chief operations officer

PwC Ordered to Pay $625.3M for Colonial Bank Failure

PricewaterhouseCoopers LLP (PwC) has been ordered by a federal court to pay the Federal Deposit...Read more
For the first time since the Great Recession, the share of homeowners who owe more than the value of their homes is below 10 percent

Share of Negative Equity Homeowners Falls Below 10 Percent

For the first time since the Great Recession, the share of homeowners who owe more than the value...Read more
The delinquency rate for mortgages on one-to-four-unit residential properties fell to a seasonally adjusted rate of 4.63 percent at the end of the first quarter, according to new data from the Mortgage Bankers Association (MBA)

MBA: Foreclosure Inventory Rate at 12-Year Low

The delinquency rate for mortgages on one-to-four-unit residential properties fell to a seasonally...Read more
One of Hollywood’s most influential filmmakers has been hit with a foreclosure lawsuit related to his townhouse in New York City’s Upper East Side

Martin Scorsese Faces Foreclosure Lawsuit

One of Hollywood’s most influential filmmakers has been hit with a foreclosure lawsuit related to...Read more
More than 5.2 million residential properties were seriously underwater during the first quarter of this year

9.5 Percent of Mortgaged Residences Are Seriously Underwater

More than 5.2 million residential properties were seriously underwater during the first quarter of...Read more
Proper Title LLC has announced three new hires and one new promotion to support the firm’s continued growth

Bureau of Consumer Financial Protection Hits Wells Fargo With $1 Billion Fine

The newly branded “Bureau of Consumer Financial Protection,” formerly known as the “Consumer...Read more
A total of 189,870 residential properties carried a foreclosure filing during the first quarter of this year, up four percent from the previous quarter, but 19 percent below the same period one year earlier

Foreclosure Activity Remains at Pre-Recession Levels

A total of 189,870 residential properties carried a foreclosure filing during the first quarter of...Read more

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