Housing shouldn’t look at any color but the color of money

Housing shouldn’t look at any color but the color of money

People with bad credit and bad habits should be squeezed out of housing

Who is Nat Hardwick?

Former LandCastle Title CEO owns NASCAR team, rubs elbows with PGA pros

Lawsuit alleges former LandCastle Title CEO embezzled $30 million

Nat Hardwick allegedly used funds for private jets, gambling
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Items Tagged with 'servicing'

ARTICLES

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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Nationstar completes exit from reverse mortgage origination business

Remains focused on the servicing side
Jacob Gaffney
Business is booming at Nationstar Mortgage. And that's a business that no longer includes the origination of reverse mortgages.
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Fitch: Statebridge assigned "outlook stable" rating

Rating based on evidenced servicing capabilities
Brena Swanson
"Statebridge has an experienced senior management team, developed recruiting, staffing, and retention programs, and developed loan and default administration capabilities," Fitch Ratings said.
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HomeStreet sells MSRs, mortgages

Reduces mortgage concentration
Brena Swanson
HomeStreet sold $211 million of its held-for investment single-family mortgages in the second quarter, recognizing a $3.9 million gain.
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Freedom Mortgage originations grow despite industry pullback

Smaller lenders steal more market share
Brena Swanson
As bigger players see a contraction in originations, Freedom Mortgage is recording strong growth.
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Real Estate Strategies launches low-balance mortgage solution

Closes sale of more than 1,300 mortgage notes
Brena Swanson
Real Estate Strategies, a brokerage firm, closed the sale of more than 1,300 mortgage notes with an average unpaid balance of $75,000, with a new solution that is designed to address lower balance mortgages.
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Fay Servicing breaks into REO business

Selects Glenn Brooks to lead as SVP
Brena Swanson
Fay Servicing is launching an REO division, allowing the company to design optimal resolution and marketing strategies in order to maximize on returns on each asset.
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Moody’s warns on Green Tree after servicing failures

Performance could hamper business with GSEs
Ben Lane
Recent test results are putting a spotlight on Green Tree, according to analysts at Moody's Investors Service. As a result, Green Tree may find it harder to grow its business through mortgage servicing rights purchases in the short term, but the credit ratings agency said the threat to RMBS is minimal.
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Ocwen’s bad day just got worse

Hit with class action lawsuit in Pennsylvania over servicing practices
Ben Lane
Hours after a regulator promised more nonbank crackdowns, Ocwen got sued in federal court. The group of homeowners allege the company engaged in substandard and illegal servicing practices that violated Pennsylvania state law and RESPA.
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