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Tag Archives: mortgage servicing

CFPB Official Discusses New Servicing Rules

The laws are constantly changing, however, making compliance an even further complicated issue. Laurie Maggiano, a program manager for servicing and secondary markets at the Consumer Financial Protection Bureau (CFPB), was on hand to discuss the ever-changing world of servicing statutes for the "CFPB's National Servicing Standards – Update Session" section of the Compliance Lab on September 15.

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Carrington Plans Expansion Into Central Indiana, Creating 360 Jobs

Santa Ana, California-based Carrington Mortgage Services announced earlier this week its intention to expand into the Central Indiana city of Westfield. The expansion will create up to 360 high-wage jobs by 2019, the company announced. Carrington plans to invest $3.17 million to renovate a 77,000-square foot facility in Westfield and have it operational by the end of the year.

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CFPB Report Highlights Shoddy Servicing Practices in 2013

The Consumer Financial Protection Bureau (CFPB) released a new report detailing a number of servicing practices that “continued to plague consumers throughout 2013.” The report covers supervision work completed between July and October 2013—after its servicing rules were first published but before they actually went into effect.

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New Mortgage Servicer Requirements – Koch, SVP Morningstar Credit Ratings – Dec 13,2013

[ca_audio url_mp3='http://blogtalk.vo.llnwd.net/o23/show/5/808/show_5808241.mp3' css_class='codeart-google-mp3-player' autoplay='false' download='false' html5='false']Richard Koch, SVP of Morningstar Credit Ratings provides detailed information on new CFPB servicing requirements. Koch is a Senior Vice President in the Operational Risk Assessment Group at Morningstar. He is responsible for overseeing the ...

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New Mortgage Servicer Requirements – Koch, SVP Morningstar Credit Ratings – Dec 11,2013

[ca_audio url_mp3='http://blogtalk.vo.llnwd.net/o23/show/5/660/show_5660005.mp3' css_class='codeart-google-mp3-player' autoplay='false' download='false' html5='false']Richard is a Senior Vice President in the Operational Risk Assessment Group at Morningstar. He is responsible for overseeing the development and publication of all residential mortgage and consumer finance industry-related evaluation and ranking criteria.View ...

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