JPMorgan Chase: Hold the phone on those DOJ robo-signing charges

JPMorgan Chase: Hold the phone on those DOJ robo-signing charges

Claims DOJ misrepresented settlement agreement

Here’s how much mortgage servicing Altisource Residential is offloading

SEC filing reveals contract details with BSI Financial and Fay Servicing

This is what justifies Texas economic pride

Happy Independence Day, Texas
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Lending

JPMorgan Chase: Hold the phone on those DOJ robo-signing charges

Claims DOJ misrepresented settlement agreement
Ben Lane
JPMorgan Chase is pushing back at the Department of Justice’s claims that it admitted to misfiling more than 50,000 payment change notices in bankruptcy courts that were “improperly signed, under penalty of perjury, by persons who had not reviewed the accuracy of the notices.” According to Chase Vice President and Head of External Communications Jason Lobo, Chase made no such admissions, despite agreeing to the settlement.
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Accenture LOS update brings lenders closer to online mortgages

New release includes e-signature technology
Brena Swanson
Accenture introduced the latest update to its loan origination system, Loan Fulfillment Center, by Accenture Mortgage Cadence, helping lenders in the industry get closer to an entirely web-based mortgage process.
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Fidelity increases stake in LandCastle Title

Total cost of bailout rises to $22 million
Ben Lane
It turns out that $19 million wasn’t enough to cover the shortages in the escrow accounts of LandCastle Title. Fidelity National Financial disclosed that it funneled an additional $3 million to LandCastle in the fourth quarter, and acquired an additional 5% stake in LandCastle, bringing its total bailout to $22 million.
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House Committee grills Cordray on QM, mortgage regulations

Republicans still want more accountability, Democrats push back
Trey Garrison
CFPB Director Richard Cordray made his semi-annual appearance before Congress, and it was everything you think it would be. Here's the story.
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Own a town where "The Walking Dead" was filmed for $680,000

Make your offer now on eBay
Brena Swanson
The definition of a diehard fan is reaching a whole new level, even beyond the grave, with this new real estate listing. A large portion of a town in Georgia, which was used as a location during Season 3 of AMC’s “The Walking Dead,” is listed for sale.
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Mortgage compliance needs a ginormous injection of common sense

And more experienced people in charge
Lynn Effinger
There needs to be a healthy dose of mortgage servicing-centric common sense injected into the regulatory compliance patient. Unfortunately, common sense is in short supply these days, particularly within the bloated bureaucracies in, and associated with, all things governmental.
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Auction.com's latest acquisition will speed property liquidations

Acquires real estate tech provider Channel
Brena Swanson
Auction.com acquired real estate technology solutions provider Channel, a move that supports the company’s newest title as the leading online auction marketplace in HW’s 2015 TECH100.
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DOJ fines JPMorgan Chase $50 million for robo-signing

Chase admits to misfiling mortgage documents
Ben Lane
JPMorgan Chase admitted to misfiling more than 50,000 payment change notices in bankruptcy courts that were “improperly signed, under penalty of perjury, by persons who had not reviewed the accuracy of the notices,” and will pay more than $50 million to homeowners as part of a settlement with the U.S. Department of Justice over its mortgage practices.
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Here are the details of Freddie’s massive delinquent loan sale

Sale sets foundation for new servicing rules
Brena Swanson
The Federal Housing Finance Agency’s new requirements for sales of nonperforming loans by Freddie Mac and Fannie Mae were based on two pilot sales. These are the details to one of those transactions.
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CoreLogic: Home prices gain nearly 6%

Projects home prices to rise 4.9% in January 2016
Trey Garrison
CoreLogic's home price index says that January saw home price increases of 5.7% from last year. Here's how it breaks down.
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