Tag Archives: Mortgage Servicers

Those suits sought damages intended to triple the total HAMP and FHA payments made on Ocwen-serviced loans, or roughly $5,500 to $11,000 per alleged false claim, according to Ocwen's SEC filing.

Stephen M. Hladik, partner with Hladik, Onorato & Federman, LLP, (HOF Law Group), recently spoke with DS News about a statute of limitations issue that has implications for all lenders and servicers.

According to the CFPB, some mortgage servicers have violated the Bureau's new servicing rules by continuing to use failed technology that has harmed consumers.

The OCC terminated the servicing-related consent order against Wells Fargo, but at the same time issued a civil penalty to the bank.

The U.S. Supreme Court's ruling in the case of Spokeo Inc. v. Robins should be helpful to mortgage servicers. But at the same time, the ruling leaves many questions unanswered.

What changes did Fannie Mae make to its requirements for servicers with regard to handling foreclosure proceedings?

What change did Fannie Mae and Freddie Mac make to their benchmark mortgage modification interest rates, and how will this change help mortgage servicers?

Consumers ran into three major problems with the way their loan is being serviced, according to the CFPB's latest monthly consumer complaint snapshot.

FHFA Director Mel Watt last week announced a program offering principal reduction to help delinquent borrowers avoid foreclosure. Will the program affect servicers' bottom lines, and if so, how much?

The theme ringing throughout the Five Star Institute's 7th Annual Legal League 100 Spring Servicer Summit Thursday in Dallas, Texas, was this: The default servicing industry is rapidly changing.