Servicing

Connecticut was the lone state in the nation in September to see a decline in borrowers misrepresenting facts on mortgage loan applications.

Ocwen Financial Corp. lost $6.1 million in the third quarter, as pretax losses from its origination business outweighed any profits generated from the servicing side.

Ocwen Financial Corp. will move its servicing portfolio to Black Knight's LoanSphere MSP system of record, following years of regulatory scrutiny of its existing technology provided by Altisource Portfolio Solutions.

Aside from shutting off water to Detroit residents, no public policy draws so much criticism as the annual Wayne County auction of tax-foreclosed properties.

Hurricanes Harvey and Irma were responsible for an increase in loan application defects during September in Texas and Florida, according to First American Financial Corp.

New Residential Investment Corp. may seek to accelerate the process of transferring more than $100 billion in mortgage servicing rights it agreed to buy from Ocwen for $400 million.

There's a handful of zombies out there threatening to wreck your neighborhood or at least create a frightful landscaping nightmare next door.

Credit Suisse's plan for consumer relief in a multibillion-dollar Department of Justice settlement related to residential mortgage-backed securities could reduce the costs involved, according to the settlement monitor's first report.

The U.S. Bankruptcy Court for the Southern District of Florida has approved a portal created by HLP to enhance communications during the mediation process.

The zombies are still haunting the Southwest Florida housing market, but they are taking a smaller bite.