Servicing

The New York Department of Financial Services will require Ocwen Financial to hire a monitor to ensure it complies with an agreement to reform its mortgage servicing practices.

As homeownership rates remain flat and rental units continue to increase in popularity among consumers, more firms are starting to focus their business strategies toward the rental market.

A significant drop in foreclosure starts can be attributed to procedural changes that recently went into effect from the national robo-signing settlement.

If mortgage banking were a stock, how would you trade it? Discuss amongst yourselves.

Specialized Loan Servicing is opening a new office in Arizona and plans to hire roughly 250 new employees.

The Federal Housing Administration is in the process of settling terms with five investors who first placed their bids in September.

Citigroup has yet to clarify how many mortgage jobs, if any, will be cut.

The House Ways and Means Committee chairman David Camp won’t take up the tax extension bill until congressional Republicans reach a deal with President Obama on taxes and spending.

Both Fannie Mae and Freddie Mac will suspend evictions nationwide on foreclosed single-family homes and multi-family properties during the upcoming holiday season.

Talent, location and good weather brings Specialized Loan Servicing, an independent third-party servicer based in Highlands Ranch, Colo., to open shop in Tempe, Ariz.