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 »Servicers Get Some Help from the GSEs
What change did Fannie Mae and Freddie Mac make to their benchmark mortgage modification interest rates, and how will this change help mortgage servicers?
Read More »CFPB: Consumers Hitting Too Many ‘Dead Ends’ with 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.
Read More »How Much Will Principal Reduction Affect Servicers?
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?
Read More »Legal League 100 Servicer Summit: The Times Are Changing
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.
Read More »Banks’ Share of the Servicing Universe is Shrinking
The number of first-lien mortgage loans serviced by eight national banks has declined every quarter for two years. So what is the good news?
Read More »Servicers Must Adapt in Order to Survive
Industry leaders discuss how companies which are slow to adapt to the changing real estate environment may be in trouble.
Read More »Disparate Impact: The Uneven Compliance Burden on Small and Mid-Sized Servicers
“Too small to comply” may soon become a big issue for our industry. Editor's note: This select print feature originally appeared in the March 2016 edition of DS News.
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