Ex-NFL star sentenced to five years in prison for mortgage fraud

Ex-NFL star sentenced to five years in prison for mortgage fraud

Irving Fryar and his mother convicted of conspiring to steal $1.2M

Experian hacked: 15 million people’s credit data stolen in breach

Credit reporting agency becomes latest victim of data breach

Here's what today's job creation implosion means for housing and mortgage finance

Jobs crater, labor participation rate near 40-year low and zero wage growth

Items Tagged with 'mortgage servicing'


$301 million Fannie Mae bulk servicing portfolio hits market

Mostly Midwest portfolio is 100% current
Buyers looking to get their hands on some Fannie Mae servicing now have that opportunity. Interactive Mortgage Advisors announced that it is acting as the exclusive broker for a $301 million Fannie Mae bulk residential mortgage servicing rights offering.
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From HW Magazine

Venture Solutions creates a pathway to paperless process

Multi-channel deployment meets consumers wherever they are
Venture will consult, help set realistic goals and provide solutions to improve the online and mobile experiences to drive eStatement adoption. The company also provides a full lifecycle program that capitalizes on personalized communications that educate, inform and provide easy ways for customers to drive paperless adoption via mobilized solutions.
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Ocwen cutting 10% of U.S. workforce

Cutbacks at Waterloo, Iowa facility part of cost-cutting initiative
As part of its previously announced cost-cutting initiative, Ocwen Financial announced Thursday that it intends to reduce the size of U.S. workforce by 10%. And while it was not an easy decision for the servicer to make, the CEO said it was necessary to ensure long-term success.
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CFPB turns microscope on mortgage industry practices

Latest complaint database snapshot details consumer issues with industry
After being relatively spared in the first two snapshot reports of the Consumer Financial Protection Bureau’s consumer complaint database, the mortgage industry is the focus of the third report, and the results aren’t terribly positive. So who's in the CFPB's crosshairs the most?
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Freddie Mac makes it easier to get a mortgage modification

Changes rules to help more borrowers
Freddie Mac said that this revision will “substantially increase” the number of borrowers who qualify for standard and streamlined modifications and provide additional mortgage payment relief for certain borrowers. Will it really be a game changer?
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$2 billion bulk Ginnie Mae MSR portfolio hits the market

Carries weighted average interest rate of 3.71%
MountainView Servicing Group, a provider of residential mortgage servicing rights sales and valuation advisory services, announced that it is advising on the sale of a $2 billion bulk portfolio of mortgage servicing rights backed by Ginnie Mae.
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Fannie Mae extends foreclosure timelines in 33 states

Raises number of allowable days for foreclosure proceedings
Fannie Mae announced that it is increasing the maximum number of allowable days for “routine” foreclosure proceedings for much of the country. Click here to see where Fannie Mae just changed the foreclosure timelines.
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