News

Articles in "Servicing"

October 18, 2012 07:50 AM
Washington Federal sues BofA over Countrywide mortgage servicing

Seattle-based Washington Federal sued Countrywide Financial, now part of Bank of America ($13.43 0.07...

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October 17, 2012 04:41 PM
Washington Federal sues BofA over Countrywide mortgage servicing

Seattle-based Washington Federal sued Countrywide Financial, now part of Bank of America ($13.43 0.07...

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October 16, 2012 04:48 PM
LPS settles with Delaware AG over DocX loan documentation allegations

Mortgage technology services provider Lender Processing Services ($29.55 0.55%) settled a major investigation launched by the Delaware...

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October 16, 2012 04:37 PM
Walters Investment eyes ResCap mortgage servicing slice

Asset manager and mortgage servicer Walter Investment Management Corp. continues to eye mortgage servicing rights as acquisition targets, and it seems ResCap's MSRs are now in the company's  line of sight.

The company said in a quarterly filing that its...

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October 16, 2012 04:07 PM
Walters Investment eyes ResCap mortgage servicing slice

Asset manager and mortgage servicer Walter Investment Management Corp. continues to eye mortgage servicing rights as acquisition targets, and it seems ResCap's MSRs are now in the company's  line of sight.

The company said in a quarterly filing that its...

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October 16, 2012 04:32 PM
S&P: Ocwen retains mortgage servicing strength after Homeward purchase

Standard & Poor's Ratings Services announced today that its "above average" residential subprime, special, and subordinate-lien rankings on Ocwen Loan Servicing ($44.25...

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October 16, 2012 03:59 PM
S&P: Ocwen retains mortgage servicing strength after Homeward purchase

Standard & Poor's Ratings Services announced today that its "above average" residential subprime, special, and subordinate-lien rankings on Ocwen Loan Servicing ($44.25...

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October 16, 2012 01:24 PM
New Jersey moves to fast track vacant foreclosures

Moving vacant properties through the foreclosure process can be difficult in New Jersey, but advocates of a bill that would expedite the move of abandoned homes into foreclosure are more confident after the legislation's recent passage in the state Senate.

New Jersey...

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October 16, 2012 11:42 AM
Stuy Town residents accuse special servicer of thwarting sale

Bondholders in New York's infamous Stuyvesant Town-Peter Cooper Village are about to land in the middle of a debate between the community's tenants and its special servicer, CWCapital Asset Management.

The controversy is likely to serve as an example of a...

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October 15, 2012 12:15 PM
Citigroup offloads $750 million in delinquent loans

Citigroup ($51.45 0.84%) offloaded $750 million in delinquent loans in the third quarter alone, as part of a larger effort to reduce exposures...

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October 15, 2012 12:16 PM
Citigroup offloads $750 million in delinquent loans

Citigroup ($51.45 0.84%) offloaded $750 million in delinquent loans in the third quarter alone, as part of a larger effort to reduce exposures...

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October 11, 2012 03:21 PM
Credit unions cautious on CFPB mortgage servicing proposals

A national association representing credit unions urged the Consumer Financial Protection Bureau to grant exemptions and tweak proposed servicing standards that would force credit unions to hire more staff, comply with cumbersome documentation...

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October 11, 2012 04:11 PM
Credit unions cautious on CFPB mortgage servicing proposals

A national association representing credit unions urged the Consumer Financial Protection Bureau to grant exemptions and tweak proposed servicing standards that would force credit unions to hire more staff, comply with cumbersome documentation...

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October 11, 2012 03:31 PM
Credit unions cautious on CFPB mortgage servicing proposals

A national association representing credit unions urged the Consumer Financial Protection Bureau to grant exemptions and tweak proposed servicing standards that would force credit unions to hire more staff, comply with cumbersome documentation...

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October 11, 2012 06:22 AM
Foreclosures hit 5-year low

Foreclosure activity reached a 5-year low in September with only 180,427 filings made on distressed properties, RealtyTrac said Thursday.

The filings surveyed include default notices, scheduled foreclosure auctions and bank repossessions.

...

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