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Servicing and Default News
Nov
03
2017
"Servicers are having challenges," especially in Puerto Rico, where there are fewer companies that manage loans, Fannie...
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Nov
02
2017
Ocwen Financial is officially moving its mortgage servicing operations away from its proprietary REALServicing platform...
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Oct
31
2017
“Measuring the number of consumers who have fallen behind on their mortgage payments is a telling barometer of the...
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Oct
30
2017
Titled “Preventing Foreclosures on Seniors Act,” the legislation focuses on reforms to HUD’s HECM program that would...
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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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