"Mortgage servicers can't hide behind their bad computer systems or outdated technology," said CFPB Director Richard Cordray.
CFPB Slams Mortgage Servicers for Failing to Invest in Technology
Mortgage servicers have failed to make significant investments in technology and compliance systems, resulting in substantial harm to consumers, according to a report issued Wednesday by the Consumer Financial Protection Bureau.  more »
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Mortgage professional hiring and new job appointments for the week ending June 24.
The foreclosure on Hawks Point, the retirement community on the Dickinson State University campus in Dickinson, N.D., is nearing completion.
Incenter Mortgage Advisors is brokering the sale of a $1.6 billion Freddie Mac residential mortgage servicing rights portfolio for an undisclosed independent mortgage banker.
Ocwen Financial Corp. has agreed to a $30 million settlement in two lawsuits alleging that the West Palm Beach, Fla.-based company violated the False Claims Act.
It's a trend that can't last forever: Home sales in Miami-Dade County are falling, but prices are still going up.
The Pittsburgh Housing Authority board is expected to approve a resolution today to buy 86 rental homes and apartments in Manchester that were built in the 1990s as Hope VI, a step away from public housing as society then knew it.
Black Knight Financial Services, in its second deal as a publicly traded company, has bought business analytics firm Motivity Solutions.
Foreclosure starts increased last month, moving off their 10-year low, according to Black Knight Financial Services.
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