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Servicing and Default News
Oct
30
2017
The answer can be found in an August 4, 2016 CFPB fact sheet, which essentially says, yes, the 120-day foreclosure...
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Oct
26
2017
Ocwen said that it believes that while it reverse mortgage business, Liberty Home Equity Solutions, has “performed well...
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Oct
26
2017
The mortgage servicer and lender faces a deadline Wednesday to get creditors on board with its bankruptcy plan, and...
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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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