Servicing

The bank has brought in mortgage industry veteran Ken Logan as senior managing director to oversee a broader range of financing it's offering to home lenders.

A Billings, Montana-based First Interstate Bank agreed to a five-figure penalty to resolve charges it engaged in National Flood Insurance Act violations.

The Consumer Financial Protection Bureau said some non-profit hospitals are failing to provide assistance to low-income consumers, while landlords may be illegally charging fees to pay rent through online portals.

New adjustments to Home Equity Conversion Mortgage servicing calculations address 2017 changes to repayment policies that hadn't been fully implemented.

Details regarding the settlement are sparse, but will be finalized by Sept. 30, 2024, documents show.

Ginnie Mae had tried to slow the pace of Texas Capital Bank's case and move it to a different court but the judge rejected its legal arguments for doing so.

The Department of Housing and Urban Development affiliate is adding data elements in line with a larger industry goal and advancing other promised initiatives.

Servicers saw their retention rate fall to the second-lowest level in 17 years, according to ICE Mortgage Technology.

Mr. Cooper will be filing a motion to dismiss a data breach-related class action by Sept.13, documents show.

Trimont CEO Bill Sexton acknowledges that a "daunting" volume of commercial real estate loans need to be refinanced in the next few years. But he says nonbank lenders are well equipped to provide financing that will allow troubled buildings to be reimagined.