DOJ fines JPMorgan Chase $50 million for robo-signing

DOJ fines JPMorgan Chase $50 million for robo-signing

Chase admits to misfiling mortgage documents

This is what justifies Texas economic pride

Happy Independence Day, Texas

Morgan Stanley expects mortgage bond lawsuit from New York AG

Subprime securitizations at the center of lawsuit
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News

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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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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Interthinx cutting 70 employees for redundancies

Move comes one year after acquisition by First American
Trey Garrison
Interthinx, the mortgage data firm, is laying off about 70 employees. Here's what's happening and why.
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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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CFPB Director Cordray talks HMDA exemptions and more

Here’s his prepared opening statement
Trey Garrison
Consumer Financial Protection Bureau Director Richard Cordray goes into the coliseum today at 2:30 p.m. ET but here’s a preview of his opening remarks.
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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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Sterne Agee lowers and suspends estimates on Ocwen’s debt refi

Analysts unsure what new Ocwen will look like going forward
Trey Garrison
Ocwen isn't going away but it is undergoing a transformation. Here's what analysts think now and why they don't know what to think going forward.
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