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Servicing and Default News
Aug
02
2017
"The past few years have not been easy for mortgage servicers as they’ve struggled with regulatory and market pressures...
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Jul
26
2017
The term "complete loss mitigation application" has been added, and means an application in which a servicer has...
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Jul
25
2017
“This is a great transaction for both companies and we are extremely pleased to announce our new strategic partnership...
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Jul
21
2017
In addition to paying $49 million to the class members, Ocwen also agreed to give $7 million in company stock to the...
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Jul
19
2017
Fortress announced Tuesday that it is acquired Colony American Finance, a lender that provides financing for real...
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Jul
17
2017
That’s a drop of 21%. The bank’s servicing noninterest income was actually up in the second quarter, climbing to $400...
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Jul
14
2017
Fortress is the parent company for New Residential Investment, which buys up mortgage servicing rights by the truckload...
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Jul
14
2017
But the bank regulator found that new foreclosure actions jumped 4.5 percent over that period, marking the first...
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Jul
13
2017
“MBA feels strongly that this review should encompass both facets of the CFPB's statutory mandate: ensuring access to...
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