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In an echo of the rescue deals of 2007 and 2008, New Residential's CEO framed the transaction as something undertaken to benefit the entire industry.
May 1 -
Years after the worst of the housing crisis, states still dealing with high foreclosure activity are weighing laws to speed the process on vacant or abandoned properties.
April 28 -
United Shore Financial Services has agreed to pay a total of $1.4 million to consumers and California regulators to settle allegations it collected interest payments it was not entitled to.
April 10 -
Ocwen Financial is a step closer to the day when it can resume purchases of mortgage servicing rights.
March 28 -
Soaring home values have property taxes on the rise. Servicers must be vigilant about borrower payment shock that can add complexity to escrow services and portfolio management. Here's a look at the states with the largest tax hikes.
March 16 -
The mortgage servicer will pay at least $25 million in cash and provide some $200 million in debt relief to borrowers to resolve a range of alleged violations. But Ocwen will also be allowed to resume acquiring servicing rights in the nation's largest state.
February 17 -
State mortgage regulatory examinations are focusing on systemic issues and using their broad authority under the Dodd-Frank Act to enforce the Consumer Financial Protection Bureau's servicing rules.
February 17 -
The American Land Title Association is calling on state governments to support regulations that recognize and authorize remote electronic notarizations.
February 17 -
PHH Corp. is opposing an attempt by Democratic attorneys general in 16 states and the District of Columbia to intervene in an appeals court case that found the Consumer Financial Protection Bureau's structure was unconstitutional.
January 30 -
Federal banking agencies have levied a $65 million fine against Fidelity National Financial subsidiary ServiceLink Holdings over deficiencies in the foreclosure-related services provided by its predecessor company.
January 24