Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

Sources: Morris Schneider Wittstadt declaring bankruptcy, closing immediately

LandCastle Title’s operations will not be affected

8 avoidable mistakes first-time homebuyers keep making

Stop doing these things

Trending Thursday: CFPB data collection worse than the NSA?

Slowly but surely GSE shareholders cutting into Treasury, FHFA secrecy
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Items Tagged with 'servicing'

ARTICLES

MBA, PwC white paper tracks powerful impact of nonbank servicing

Nonbank mortgage servicers have changed the industry
Trey Garrison
The Mortgage Bankers Association and PricewaterhouseCoopers today announced the release of The Changing Dynamics of the Mortgage Servicing Landscape, a white paper looking at how nonbank servicing changed the industry, and where it’s heading tomorrow.
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Ocwen closing residential servicing operations in Houston

Facility was company’s smallest call center in U.S.
Ben Lane
Ocwen Financial announced Wednesday that after conducting a “strategic review” of its operations, the company is shutting down its residential mortgage servicing operations at its facility in Houston. The decision to shutter the call center will affect 140 residential servicing employees, whose positions will be eliminated.
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Sterne Agee raises estimate and price target on Altisource Portfolio Solutions

Elimination of unproductive costs “noteworthy”
Trey Garrison
Sterne Agee analyst Henry Coffey is raising the estimate on earnings and price target on Altisource Portfolio Solutions after seeing the company’s first-quarter results posted Thursday. Here’s why.
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Safeguard Properties launches new fast-track legislation tool

Features interactive map tool
Brena Swanson
Safeguard Properties launched a new resource to fall in line with the growing trend of fast-track legislation for vacant and abandoned properties in order to provide industry professionals with a new tool to stay above growing legislation.
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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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