Servicing news
Ocwen Financial Corp.'s loan servicing subsidiary has reached a settlement with the Washington State Department of Financial Institutions' consumer services division over the servicer's practice of using unlicensed offshore companies.
PHH Corp. will lose nearly a third of its subservicing portfolio as HSBC Bank agreed to sell the mortgage servicing rights on 139,000 loans.
Mortgage industry hiring and new job appointments for the week ending Aug. 26.
Metro Toledo, Ohio, and three other other cities are among the worst areas in the country when it comes to the percentage of homes still "seriously" underwater.
Nationstar Mortgage Holdings plans to open a new customer contact center in Longview, Texas.
The Federal Housing Finance Agency announced the extension of the Home Affordable Refinancing Program through September 2017 as well as the creation of a new program for those with high loan-to-value ratios.
Foreclosure activity in Colorado Springs continues to decline, thanks in large part to a stronger housing market.
The Maryland Judiciary and Maryland Volunteer Lawyers Service have created videos to help homeowners understand foreclosure.
Liquidity is waning in markets for residential mortgages and related securities, and regulators and policymakers need to address this issue before it turns into a crisis, according to Kroll Bond Rating Agency.
The Colorado Attorney General's Office has settled a lawsuit against a Colorado Springs company and four of its owners and employees requiring them to pay $125,000 for allegedly charging homeowners a fee to get back excess funds from homes that were lost through foreclosure.
Home Partners of America is marketing its second securitization of single-family rental properties.
The painfully slow healing of the metro Atlanta housing market has continued, as the foreclosure rate dipped again.
MountainView Servicing Group is the exclusive adviser for the sale of a nonrecourse servicing portfolio of Fannie Mae and Freddie Mac loans.
The California State Assembly approved legislation Monday that would expand the rights of a deceased homeowner's surviving loved ones, including widows, widowers and other heirs.
The president and founder of a now-defunct East Falmouth, Mass., mortgage company has been charged with defrauding the federal government out of nearly $3 million, according to a statement from U.S. Attorney Carmen Ortiz's Office.
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