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Servicing and Default News
Oct
20
2017
As of June 2017, the serious delinquency rates for ARMs and FRMs were 5.2 and 1.8 percent, respectively (Figure 1). The...
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Oct
20
2017
Recently, the nonbank has been on a settlement streak, reaching agreements with 20 of the 33 states that took...
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Oct
19
2017
Total U.S. loan delinquency increased 11.85 percent compared to August 2017, with the number of properties 30 or more...
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Oct
18
2017
Tennessee’s original consent order laid out a series of concerns about Ocwen’s financial condition, including whether...
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Oct
17
2017
Mortgage servicers may suspend or reduce mortgage payments for up to 90 days for affected homeowners. Additional...
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Oct
16
2017
Ocwen disclosed its plans in a filing with the Securities and Exchange Commission that was mostly focused on Ocwen...
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Oct
12
2017
Homeowners having trouble meeting their mortgage obligations nationwide was at 4.6 percent in July of 2017,  which...
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Oct
04
2017
Reporting servicers initiated 35,974 new foreclosures during the second quarter of 2017, a 24.3 percent decrease from...
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Oct
02
2017
On Thursday, the states of Illinois and Montana separately announced that each state reached a consent agreement with ...
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