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

Items Tagged with 'Servicers'


Where are the non-bank servicers?

Non-bank servicers should follow Ocwen's example
Craig Nickerson
While the economic recovery is well underway in many parts of America, not all local markets are participating. Many communities that were hard hit by the housing and economic crisis, particularly in the Midwest and Southeast, are being left behind.
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Stevens: Performance, quality should drive market share in mortgage servicing

Excessive capital standards, regulations discourage good servicers
David Stevens
Companies that want to service – and do it well – should not be discouraged from servicing by excessive capital standards or other onerous regulations, but that's what's happening. Here's the problem.
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FHFA announces new financial rules for nonbanks

Proposed rules include capital reserve requirement
Brena Swanson
If the Federal Housing Finance Agency has its way, nonbanks that do business with Fannie Mae and Freddie Mac will have to meet capital and liquidity requirements. The FHFA said its latest initiative provides greater transparency, clarity and consistency to sellers and servicers.
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From HW Magazine

Taking the foot off the accelerator

A look at what lies ahead for MSR transfers in 2015
Kerry Curry
Mortgage servicing rights will get bought and sold in 2015, but the volume won't reach the go-go days of 2012 or 2013, and the portfolios put out to market are expected to be smaller.
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From HW Magazine

What’s next in field services?

Technology and ramped-up maintenance services top the list
Alan Jaffa
Regulation and compliance — these words have been at the forefront of the mortgage industry in the past year or so. As we prepare to enter 2015, focusing on compliance and new and constantly changing regulations will remain the industry’s focus.
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CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
Brena Swanson
The Consumer Financial Protection Bureau is proposing additional measures to ensure that homeowners are treated fairly by mortgage servicers. Here are the key changes.
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Is Nationstar downgrade an alarm for nonbank mortgage servicers?

The future looking tough
Brena Swanson
The future for nonbank mortgage servicers looks tough as earnings for the sector are forecast to trend down, driven mainly by three industry headwinds.
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Mortgage servicers trend toward multiple field-service providers

Is it time to spread out the grunt work?
Lynn Effinger
With so many changes taking place in the default servicing arena, with heightened focus on regulations and compliance issues, one solution being chosen by some lenders, servicers and investors is to contract with multiple field service providers, rather than a single “national” provider.
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Servicer differences cause RMBS cashflow volatility

Bondholder payment delays, investment shortfalls
Trey Garrison
Bondholder payments were delayed in a number of recent transactions due to differences in approaches between bank and nonbank RMBS servicers, Fitch Ratings says.
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Jim Foley named Caliber Home Loans Regional VP

Takes over Washington, D.C., Maryland and Virginia territories
HousingWire Staff
Caliber Home Loans named Jim Foley as regional vice president for the Washington, D.C., Maryland and Virginia territories, who brings 29 years of experience in mortgage lending arena.
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