Servicing

Kevin Stitt remains with Gateway as its chief executive officer, while Patrick McGowan is the new chief financial officer.

Kevin Cordell, U.S. Navy veteran turned investor/servicer, started the habit of assigning a single point of contact to every mortgage transaction regardless of risk years before it was required by law.

Through the end of 2014, the unpaid principal balance for this loan portfolio is a little less than $190,000.

The move will give the company a presence in Texas, where several mortgage servicers and originators are located.

A Santa Clara County Superior Court judge is making three major companies pay approximately $1.1 billion to remediate lead paint used in the interior of homes built before 1978.

But continued weakness among retailers could hurt stabilization down the road, the rating agency says.

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.