This is why Fannie and Freddie mortgage initiatives won't work

This is why Fannie and Freddie mortgage initiatives won't work

MBA declarations are feel-good, but temporary

How far can lenders push the credit box?

Watt announcement helps, but risk keeps standards tight

Warren calls for GAO investigation of nonbank servicers

Asks GAO to review “unprecedented” growth of nonbank servicers
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Items Tagged with 'servicing'

ARTICLES

Dimont & Associates terminates Wingspan relationship

Returns to independent operations
Ben Lane
Dimont & Associates, which was acquired by Wingspan Portfolio Advisors in May 2013, announced Thursday that it terminated its relationship with Wingspan, as a result of "recapitalization by existing institutional investors including THL Credit."
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Executive Conversation: Peak Corporate Network specializes in servicing

Eli Tene and Gil Priel on understanding the needs of investors
Sarah Wheeler

Over 35 years’ experience in the industry and having survived three very strong cycles has taught us with each cycle how to mitigate the risk that comes with those changes.


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Nations Companies hires two industry experts

Expands its service offerings
Brena Swanson
The Nations Companies has hired two industry experts, Bill Frazier, as executive vice president of national sales, and Denia Graham, as president of Nation’s newest service offering, Nations Property Solutions.
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NMS Monitor: Is the 30-year mortgage the best product?

Challenges attendees at ABS East to “do something better"
Ben Lane
"Believe it or not, and this is worth the price of your admission right here, the 30-year mortgage is not a constitutional or human right,” National Mortgage Settlement Monitor Joseph Smith told ABS East attendees. "I challenge you to do something better, to help borrowers own their houses faster."
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LenderLive Network names new SVP

Charlie Kent brings 20 years of industry experience
Brena Swanson
LenderLive Network named Charlie Kent as the servicer’s new vice president of national sales for its settlement services division, where he will be responsible for developing new client relationships and supporting existing ones.
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CHARTS: How Stonegate will thrive in a flat market

3 areas drive growth
Brena Swanson
Stonegate Mortgage will not only succeed in 2014 but it will also grow during a flat market, according to Stonegate Mortgage’s CEO Jim Cutillo. These charts show how.
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$4 billion more in bulk MSRs available for purchase

Brings total MSR offerings to more than $18 billion since April
Ben Lane
A $4 billion bulk MSR portfolio backed by Fannie Mae is currently out for bid, according to Interactive Mortgage Advisors, which is acting as the exclusive broker for the offering.
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SecureView lands giant Fannie Mae field-services deal

Certain states must now use clear "boards"
Brena Swanson
Good news for SecureView: The company landed a giant deal with Fannie Mae, which is officially requiring vendors to install the distinct, clear boarding to secure vacant properties. The contract is being rolled out, gradually, in many states.
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Outrageous jury award reveals contempt for mortgage lenders

Borrowers need saving, from themselves
Lynn Effinger
This large judgment that hammers PHH, comes amid concerns regarding potential crackdowns by the Consumer Financial Protection Bureau on servicers who fail to adapt stringent new rules requiring better communication with borrowers who are in default.
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Ocwen to restate 2Q14 earnings

There may be a "material weakness"
Brena Swanson
Ocwen Financial Services Corp. said it would restate earnings because of accounting problems, after its auditor found what may be "a material weakness'' in the way it recorded the value of certain debt.
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