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ALAW Announces Merger With Felty and Lembright

ALAW, a creditors’ rights law firm which provides default, litigation, collection, title, and closing services to the mortgage banking industry, has announced its merger with Cleveland, Ohio based creditors’ rights law firm Felty and Lembright Co., L.P.A. Current Felty and ...

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Freddie Mac On Track to Single Security

In an effort to provide more liquidity and lower costs for borrowers, Freddie Mac has announced that it will begin issuing new 55-day “mirror” mortgage-backed securities. These securities will be available for the current population of exchange-eligible 45-day Freddie Mac ...

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House-Flipping Hot Spots

home flipping

Even in a tough seller's market, there's money to be made in flipping houses. A new report looks at where renovation dollars provide the best ROI.

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Wells Fargo Announces Head of Home Lending Servicing

After months of anticipation, Wells Fargo & Co., a diversified, community-based financial services company based in Des Moines, Iowa, has announced that Jeff Smith, who currently represents servicing and customer excellence risk in the Consumer Lending Real Estate Compliance and ...

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Ocwen Releases Q2 Operating Results

Florida-based Ocwen Financial Corporation, a financial services holding company which services and originates loans through its subsidies, released its operating results for Q2 2018. The numbers reflected a GAAP loss of $29.8 million, compared to a net loss of $44 ...

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Industry Leader Recognized for Diversity and Inclusion Efforts

On Thursday, the Council for Inclusion in Financial Services (CIFS) hosted the 2018 CIFS Diversity and Inclusion Awards at the 2018 FinServ Expo, where Ed Delgado, president and CEO of the Five Star Institute, was presented with the Fusion Award ...

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HELOC Equity Withdrawals Hit a Low

Despite tappable equity approaching a new high, HELOC withdrawals saw their lowest total since Q1 2016, according to a report. Click through to learn why.

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The State of Re-Performing Loans

A recent webinar took a deep dive into re-performing residential loan valuations, with insights from three subject-matter experts. Click through to view a full recording of the presentation.

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