Things at Ocwen just went from bad to much, much worse

Things at Ocwen just went from bad to much, much worse

Embattled company hit with an avalanche of bad news

Pending home sales surge to highest level in 18 months

Buyer demand boosts sales

Foreclosure: The Movie… (finally!) coming to a screen near you

In new film, neighborhood of foreclosed homes drives man insane
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Items Tagged with 'servicing'

ARTICLES

Nationstar missed on 4Q14 net income of $19M

Bray: Growth prospects for Nationstar are significant
Brena Swanson
Nationstar posted fourth-quarter net income of $19 million, significantly down from $111 million in the third quarter. Despite the drop, the company believes it is well positioned for 2015 from a capital, technology and operational perspective.
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MBA Servicing: Compliance hijacks the cost of servicing

Adapting means scaling up personnel, technology
Sarah Wheeler
A panel at the MBA Servicing Conference on containing the cost of servicing made one thing very clear — it's all about compliance.
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TransUnion: Mortgage delinquency rate down to 3.29% in 4Q14

Backlog clearance bringing rate down to pre-recession levels
Trey Garrison
The mortgage delinquency rate declined for the 12th straight quarter, TransUnion says. Mortgage balances are up, meanwhile. Here’s what’s happening.
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DC Judge: Mortgage Servicing Settlement does not require "absolute perfection"

New York AG’s claim on 97 of 450,000 mortgages ‘penny-ante’
Trey Garrison
In a withering opinion, U.S. District Judge Rosemary Collyer slapped down allegations from the New York attorney general that Wells Fargo violated the National Mortgage Settlement. Here's how it played out.
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The biggest obstacle to a mortgage market recovery that nobody is talking about

The high cost of servicing delinquent loans
Taz George and Laurie Goodman
These timelines are often difficult if not impossible to meet while meeting consumer protection rules put in place by states and the Consumer Financial Protection Bureau (CFPB).
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Nationstar buys title company

More plans to grow geographically
Brena Swanson
Solutionstar Holdings, an indirect wholly-owned subsidiary of Nationstar, announced it is expanding further into the mortgage business and snapped up a mortgage title company. It is also expanding operations into some of the nation's largest housing markets.
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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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