Servicing

The new tool enables loan originators to not only ensure the loans comply with CFPB requirements before the loan application enters the system, but also offers a detailed compliance worksheet for loan officers.

The Bureau hopes new rules will make it easier for service members to seek and receive help with their mortgages.

Nationstar, Ocwen, and Walters need to deploy excess cash flow and offset MSR runoff.

Price-to-rent ratios in San Francisco, for example, are up almost 25% since 2012 and near an all-time high. Also, national prices are 15% overvalued, “in real terms,” according to the company.

The deal worked out between the two officials will be used toward housing programs and helping anti-foreclosure programs.

Readers of this website have provided a wide range of feedback this week, ranging from thoughtful analysis to bon mots to arch corrections.

The third-biggest U.S. bank by assets is shuttering its default servicing operations in Hagerstown, Md., and Fort Mill, S.C.

Standard & Poor’s expects $5 billion of mortgage servicer advance securitizations this year, down from 2013’s $6.5 billion.

This figure is down 26% from the previous year and represents the lowest annual total since 2007.

Centerline Capital Group named a new regional director for the Western region, who will primarily be responsible for originating Fannie Mae Small Loan transactions in California and Arizona.