Tag Archives: mortgage servicing

The Five Star Government Forum included representatives from FHA, Fannie Mae, Freddie Mac, Ginnie Mae, Nationstar Mortgage, Wells Fargo, and many other institutions.

The bank chose Peter Muriungi as the replacement for Mike Weinbach, who was named CEO of Mortgage Banking at Chase in December.

The Wells Fargo representative said servicing team members “have been informed that their work sites are being relocated from multiple locations in Charlotte to our Fort Mill servicing center early next year.”

The housing crisis resulted in heightened regulatory oversight by various government agencies, including the CFPB. How has the increased oversight changed the landscape of mortgage servicing?

As the practice of mortgage servicing continues to undergo sweeping changes—from SPOC to consent orders and everything in between—servicing finds itself in a near constant state of evolution, mired with rules and policy that make today’s practice more complex than ever.

Wells Fargo cited the improving economy in the last two years along with steady declines in delinquencies and fewer borrowers in need of mitigation options to avoid foreclosure as contributing factors to the closing of the Milwaukee office. The bank said the closing will be effective in late July.

Counsel's Corner is an ongoing series in which DS News talks with default servicing attorneys around the country about the most pressing issues facing the default servicing industry. This installment features Marcy Ford, Managing Partner at Detroit-based Trott Law, P.C.

In Denver, Titan Lenders Corp., a firm specializing in mortgage services, is headed into 2015 strong after closing the book on one of its best years yet, according to an announcement.

Government-sponsored enterprise Fannie Mae recently confirmed two high-level personnel changes within the organization.

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.