Regulatory oversight has become a fact of life for mortgage servicers. Toby Wells of Cornerstone Servicing explains how staying compliant requires a robust risk management framework.
Read More »Home / Tag Archives: and Economic Security (CARES) Act
OCC Reports Improvement in Q1 Mortgage Performance
Overall mortgage performance was on the upswing in the first quarter of 2023, as the OCC reported banks serviced approximately 12 million first-lien residential mortgage loans with $2.7 trillion in unpaid principal balances—representing 22% of all residential mortgage debt outstanding nationwide.
Read More »OCC: Overall Mortgage Performance Improves in Q3
The latest OCC Mortgage Metrics Report found that 97.2% of mortgages included in the report were current and performing at the end of Q3 2022. Click through to learn how this compares to last year’s metrics.
Read More »CFPB, DOJ Caution Servicers to Protect Military Borrowers
Joint letters issued to mortgage servicers and landlords will provide military families coming out of pandemic-related forbearance plans with increased protections.
Read More »