Tag Archives: Mortgage Servicers

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.

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?

Industry leaders discuss how companies which are slow to adapt to the changing real estate environment may be in trouble.

“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.

The monitor's report covers four of the original parties to the 2012 National Mortgage Settlement—Bank of America, Chase, Citi, and Wells Fargo.

The GSEs have made helping families avoid foreclosure one of their top priorities since the start of the housing crisis, and Fannie Mae just announced an update to support a policy change to assist in that initiative.

The notes are used to finance the servicing advances that are used to fund RMBS investors, according to an Ocwen spokesman, who also noted that the company believes the securitization of the advances is the most efficient and lowest cost form of borrowing available to mortgage servicers.