• Ocwen23.62+0.22 +0.94%
  • Zillow120.21+4.38 +3.78%
  • Trulia51.47+1.83 +3.69%
  • NationStar30.13+0.27 +0.90%
  • CoreLogic33.12-0.06 -0.18%
  • RE/MAX33.57+0.47 +1.42%
  • Fannie Mae2.455-0.035 -1.41%
  • Freddie Mac2.38-0.03 -1.24%
  • Wells Fargo54.28+0.40 +0.74%
  • CitiMortgage54.13-0.20 -0.37%
  • Bank of America17.11+0.01 +0.06%
  • Lennar46.86-0.15 -0.32%
  • Fidelity National Financial32.08+0.20 +0.63%
  • D.R. Horton25.36-0.1075 -0.42%
  • PulteGroup21.50+0.04 +0.19%
  • First American32.15+0.25 +0.78%
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Home >> News >> Servicing

Rushmore Opens Puerto Rico Branch

Rushmore Opens Puerto Rico Branch

Rushmore's newest office, which opened in San Juan on November 3, is the third location for the firm, which services performing, re-performing, and non-performing loans. It is also the first branch to open outside of the continental United States.

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Ocwen, Wells Fargo Call Off Major MSR Deal

Ocwen, Wells Fargo Call Off Major MSR Deal

Wells Fargo, the nation's top mortgage lender, had agreed to sell $39 billion worth of mortgage servicing rights to Atlanta-based Ocwen, the nation's largest non-bank mortgage servicer, early this year. In February 2014, the transaction was delayed indefinitely by Benjamin Lawsky, head of New York's Department of Financial Services.

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Ocwen Sets Aside $100M for Possible Servicing Settlement

Ocwen Sets Aside $100M for Possible Servicing Settlement

Ocwen Financial, the nation's top non-bank mortgage servicer, announced Thursday that the company has taken a $100 million charge for a potential settlement regarding claims that it sent backdated foreclosure notices to thousands of borrowers. In a conference call with analysts, Ocwen executive chairman William Erbey left open the possibility that legal costs could drive the $100 million amount higher.

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State Regulators Launch Mortgage Servicing Rights Task Force

State Regulators Launch Mortgage Servicing Rights Task Force

In its announcement, the Conference of State Bank Supervisors (CSBS) said it established the task force as a response to the explosive growth of non-bank servicers like Ocwen Financial and Nationstar Mortgage, both of which have moved to snap up servicing rights from depository firms and climb the ranks of the nation's biggest outfits.

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Fannie, Ginnie MSR Offering Up for Bidding

Fannie, Ginnie MSR Offering Up for Bidding

A new mortgage servicing rights (MSR) portfolio has hit the market, this one valued at more than $1 billion in unpaid principal balance. According to an announcement from MountainView Servicing Group, which is advising on the sale, the latest offering contains mortgages backed by Fannie Mae and Ginnie Mae, 97 percent of which are fixed-rate and all of which are first-lien loans.

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White Paper Explores Mortgage Servicing Challenges

White Paper Explores Mortgage Servicing Challenges

CoreLogic has released its fourth out of a series of four white papers entitled Foundation for a Sound Housing Market addressing the high-level aspects of the challenges today's mortgage servicing sector is facing. Other key issues discussed in the white paper include mortgage servicing models available and the specific risks associated with each one.

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