DS News spoke with Jane Mason about what her perspective is on servicing transfers and how to prevent and avoid technological breakdowns.
Read More »More Modifications Focusing on Sustainability
According to the OCC, the majority of mortgage modifications performed by the seven largest banks include multiple actions focused not just on affordability but on sustainability of the loan.
Read More »Fannie Mae Eliminates Restructured Loan Policy
According to Fannie Mae, lenders can now rely upon existing policy when determining whether a loan is eligible for delivery under a refinance transaction or as a modified mortgage loan.
Read More »Mortgage Performance Holding Strong
High performance of first-lien mortgages and declining foreclosure activity spelled a healthy servicing market for the first quarter of 2016, according to the OCC.
Read More »Ocwen Reaches Settlement In HAMP, FHA Suits
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.
Read More »Counsel’s Corner: The Power of State AGs
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.
Read More »CFPB: Servicers are Using Failed Technology
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.
Read More »OCC Frees Wells Fargo from Servicing Restrictions
The OCC terminated the servicing-related consent order against Wells Fargo, but at the same time issued a civil penalty to the bank.
Read More »Servicers, Pay Attention to Supreme Court’s Ruling
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.
Read More »Fannie Mae Announces Updates to Servicing Guide
What changes did Fannie Mae make to its requirements for servicers with regard to handling foreclosure proceedings?
Read More »