Looking back, the housing industry is totally Scrooged

Looking back, the housing industry is totally Scrooged

Here's the HousingWire/Star Wars Christmas 2014 special

FHA loans could face "tidal wave of defaults"

All indices hit series high

Another mortgage lender launches 3% down loan

Falls in line with FHFA
W S

Items Tagged with 'Servicers'

ARTICLES

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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HOPE NOW assists 768,000 borrowers in 2013

281,000 short sales completed last year
Brena Swanson
Approximately 768,000 homeowners received permanent, affordable loan modifications from mortgage servicers in 2013, according to HOPE NOW’s final 2013 loan modification data.
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HMDA reporting could always get better

CFPB strives to realign and simplify lender reporting
Brena Swanson
Over the past 35 years, a surplus of new regulations has shaped a completely different housing market, making the Home Mortgage Disclosure Act outdated. As a result, the Consumer Financial Protection Bureau set out to realign HMDA to present day needs.
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CFPB: Servicers still engaged in unfair or deceptive practices

Consumer bureau gets firms to pay $2.6M to settle issues with consumers
Kerri Ann Panchuk
The Consumer Financial Protection Bureau says between July and October 2013, consumers who complained to the CFPB ended up receiving $2.6 million in payments from financial firms accused of engaging in poor servicing practices.
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