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Articles in "Servicing"
The number of suspicious activity reports from banks citing possible loan fraud decreased by 29% last year, the first drop in 16 years.
Until 2012, mortgage loan fraud was the only suspicious activity report that increased every year, beginning in 1996. The past three years alone...
The number of suspicious activity reports from banks citing possible loan fraud decreased by 29% last year, the first drop in 16 years.
Until 2012, mortgage loan fraud was the only suspicious activity report that increased every year, beginning in 1996. The past three years alone...
A California man successfully halted a foreclosure sale on his property using the newly minted California Homeowner Bill of Rights to obtain a court injunction against two foreclosing parties: Bank of America and its ReconTrust Co. subsidiary.
For simply...
Mortgage servicer Nationstar posted a first-quarter profit of $62.6 million and announced the strategic acquisition of the Greenlight Financial Services mortgage origination business.
The move shows the servicing giant modeling other larger firms...
The California Homeowner Bill of Rights is slowing the movement of distressed properties in the West Coast state, Lender Processing Services said in a report.
HBOR is one of the more aggressive state-based pieces of legislation drafted in response to the...
[Update 1: Adds Mortgage Settlement Monitor's comments]
New York Attorney General Eric Schneiderman announced Monday his intentions to sue Bank of America and Wells Fargofor...
For the first time since May of 2007, fewer than 1% of new loans are classified as ‘problem’ mortgages, according to a new report from Lender Processing Services.
The mortgage analytics firm paints a picture of fewer troubled loans and even says with new problem loans in...
The California Homeowner Bill of Rights shifted how foreclosure attorneys, banks and homeowners view the default process in the state....
Bond insurer MBIA Insurance Corp., which faced numerous headwinds after insuring mortgage-backed securities, may soon be seized by the Superintendent of New York’s Department of Financial Services, the New York Post claims...
President Barack Obama’s nomination of Rep. Mel Watt, D-N.C., to replace Ed DeMarco at the Federal Housing Finance Agency comes at a time when, interestingly...
President Barack Obama’s nomination of Rep. Mel Watt, D-N.C., to replace Ed DeMarco at the Federal Housing Finance Agency comes at a time when, interestingly...
Ocwen Financial Corp. more than doubled its first-quarter profit as the firm boarded new mortgage servicing rights and drove down costs on delinquencies by working through troubled loans using deeds-in-lieu of foreclosure and loan modifications among other solutions.
By...
[Update 1: Clarifies CBO findings]
The Congressional Budget Office released the result of its investigation into the potential costs a widespread mortgage principal reduction program may have on taxpayers' bottom line.
The CBO concludes that, in one scenario, such...
County commissioners in Cleveland County, Okla., became the latest plaintiffs to see a recorder-fee lawsuit filed against the Mortgage Electronic Registration Systems dismissed by a judge.
The county, like dozens of others, sued MERS claiming the...
The nation’s supply of homes in some stage of foreclosure plummeted 23% in March, declining from 1.5 million housing units a year earlier to 1.1 million distressed properties, CoreLogic said in a new report Tuesday.
Completed foreclosures also declined 16% to 55,...