Servicing

Examiners from the Consumer Financial Protection Bureau discovered that some nonbank servicers don’t have effective compliance management systems to ensure they are following federal consumer protection laws.

Sen. Elizabeth Warren is pressuring the Department of Justice for more details related to payments made to the Federal Housing Administration as part of the $25 billion mortgage servicing settlement.

Five states top a new LendingTree report that analyzes the financial health of prospective borrowers ranking each state based on a 100-point scale.

Orrstown Bank has recovered $2.5 million it had been owed by the bankrupt Yorktown Financial, a company which had provided residential home construction financing.

As the housing market moves on the path towards recovery, mortgage fraud is a crime of economic opportunity in which scammers are still taking advantage of distressed borrowers.

Is the Consumer Financial Protection Bureau taking a page from the NCAA?

Mortgage insurer MGIC Investment Corp.’s percentage gain was the largest at the close of the standard trading day when it was up 5.46% at $7.15 per share.

CoreLogic has added a new online pool tracking service to all of its data validated broker price opinions to help clients view the status of their orders in a timely manner.

The default rate for first mortgages was 1.25% in July, up from last month’s low point of 1.23%, while second mortgage defaults “remained flat since last month at its historic low of 0.54%.”

A recent survey by online rent payment service provider WilliamPaid confirms that given the opportunity, roughly two thirds of renters would choose to have their rent payment history reported to the credit rating agencies.