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ClosingCorp, a resident real estate closing cost data and technology provider, has released Lumen Risk Management Suite, a group of services that help lenders manage the closing process.
February 25 -
The Mortgage Bankers Association's annual servicing conference opened with a plea from Quicken Loans CEO Bill Emerson for executives to remember their duty beyond collecting loan payments from borrowers.
February 24
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The heightened regulatory environment for servicers has also prompted a wave of process improvements.
February 24
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Mortgage technology firm ISGN has released its latest loan servicing system, LoanDynamix, which boasts a strong focus on compliance.
February 24 -
Analytics provider CoreLogic has designed a suite of new tools aimed at helping loan servicers provide servicemember customers with the benefits they are entitled to.
February 24 -
It's not quite too big to fail, but Ocwen is the country's largest servicer of subprime mortgages. So if it were forced to sell itself, or even failed, the transfer of some $410 billion in servicing rights could create havoc in the mortgage market, industry experts said.
February 23
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Lenders must carefully ensure that all potential motivations for advice, recommendations, and referrals are provided to borrowers, as the Consumer Financial Protection Bureau has positioned itself to utilize Unfair Deceptive or Abusive Acts Practices claims as an enforcement tool.
February 23
Offit | Kurman -
Although the new rules address many of the issues presented by non-borrowing spouses, one of the rules' principal shortcomings is that they do not sufficiently outline the rebalancing of principal that is often required to substitute these new borrowers.
February 23
Commissioner, Housing Commission, Bipartisan Policy Center -
Ocwen Financial has tentatively agreed to sell a mortgage-servicing portfolio on $9.8 billion of loans to Nationstar Mortgage Holdings, and Ocwen hinted that more deals may be in the offing.
February 23 -
Recent court decisions against Fannie Mae and Freddie Mac shareholders have put to rest the notion that the two mortgage giants exist as anything but instrumentalities of the U.S. government, according to a report by Kroll Bond Rating Agency.
February 20
