Servicing

In appropriate cases the Consumer Financial Protection Bureau plans to continue its Big Brother approach to customer-disputed loss mitigation cases subject to mortgage servicing transfers.

A record number of consumers utilized MortgageKeeper Referral Servicers’ database in January.

Banks will unload big volumes of distressed loans this year, the head of PennyMac predicts.

Interactive Mortgage Analytics hired Greg Beers as a senior vice president.

Even as home prices have begun to increase throughout the country and it appears the housing industry is in a recovery mode, there is still reluctance among many individuals to make long-term investments into buying a home.

Investors sold off their holdings of Ellie Mae in anticipation of the company’s fourth-quarter results.

Community banks are feeling the pressure to comply with new lender-placed insurance requirements and following the example of large banks that already rely on automated regulatory compliance solutions.

MountainView Servicing Group is exclusively managing the sale of two portfolios of servicing on loans with a total unpaid principal balance of $369 million.

According to the monitor of the national mortgage settlement, Residential Capital, Ally Financial and GMAC Mortgage have collectively exceeded their "consumer relief obligations.”

A small but important area of focus for mortgage servicers will be borrower outreach when the CFPB servicing guidelines take effect next year.