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In February, Walter Investment announced the merger for the first time in its full year and fourth quarter 2014 operational highlights and financial results.
Read More »Green Tree Servicing to Merge With Ditech Mortgage
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CFPB, FTC Penalize Green Tree For Alleged Servicing Violations
The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) penalized national mortgage servicing company Green Tree Loan Servicing for allegedly mistreating borrowers attempting to avoid foreclosure on their homes, according to a joint announcement from the CFPB and FTC on Tuesday.
Read More »Ocwen to Sell Agency MSR Portfolio with $9.6 Billion in UPB to Green Tree
According to Ocwen, the portfolio consists of approximately 55,000 performing loans owned by Freddie Mac. The transaction is subject to approval by Freddie Mac and its conservator, the Federal Housing Finance Agency (FHFA), as well as other customary conditions. Ocwen reported that it expects the transaction to close by April 30, 2015, and expects the loan servicing to transfer in May 2015.
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