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Servicing

Your Pre-Foreclosure Crash Course

In this exclusive webinar presented by the Five Star Federation of REO Certified Experts (FORCE), dive into the best practices for loan modifications, short sales, initial occupancy inspections, squatters, cash-for-keys, deed-in-lieu, evictions, and lockouts. Your host is Jim Hastings, FORCE Advisory ...

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Nationstar and Ocwen Announce Changes at the Top

It’s been a busy day for the mortgage and servicing industry. Both Nationstar and Ocwen announced major leadership changes on Thursday, with Nationstar naming its first COO in the form of Tony Ebers and Ocwen announcing that Glen Messina will ...

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Rental Payment History vs. Mortgage Delinquency Risk

Rental payment history is indicative of future mortgage loan performance and should be considered when individuals apply for mortgage loans, according to new research from the Urban Institute. “Access to mortgage credit remains overly tight in part because we are ...

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Putting Abandoned Properties Under the Spotlight

abandoned zombie home

Ever since the Washington Supreme Court’s decision in the Jordan v. NationStar case, loan servicers have been on edge about securing abandoned property. House Bill 2057 seeks to address this, and several other pressing issues. Most of the bill's sections ...

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Mortgage Contracting Services Adds Three New Executives

Mortgage Contracting Services, LLC (MCS), a national provider of mortgage industry services based in Lewisville, Texas, is pleased to announce that three new executives have joined the company. Bringing their considerable expertise to MCS are CIO Michael Housewright, SVP and ...

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Fitch Examines Top Servicers

According to the latest installment of Fitch’s U.S. RMBS servicer handbook, the American servicing landscape is undergoing significant shifts, much of it driven by merger and acquisition activity among servicers such as Mr. Cooper and Ocwen. 'Strategic positioning and M&A ...

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Auction.com Adds Min Alexander as COO

Auction.com, based in Irvine, California, and the nation’s largest real estate transaction marketplace, today announced the addition of Min Alexander as its COO. As COO, Alexander will lead a team of 800 professionals who manage the sale of over 140,000 ...

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How Did Refis Impact the 2008 Financial Crisis?

While there is still debate about the various factors that contributed to the 2008 financial crisis and the collapse of the housing market, a new paper by the Urban Institute suggests that the poor performance of cash-out refinances, and refinances in ...

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