After giving a rating of RPS3 to PHH, the ratings agency said that the servicer’s merger with Ocwen would prove beneficial. Here are some other factors that led to the rating agency giving PHH a ‘Stable’ Outlook.
Read More »Fannie Mae Changes Requirements for Appraisers
In its latest selling guide updates, Fannie Mae stated it would no longer expect a market conditions form that it began requiring from appraisers in 2009 as a response to the housing crash. Here’s why.
Read More »MSR Values Rise With Increasing Rates
A recent webinar giving insights on managing valuing, acquiring, and selling residential MSR rights gave details on their market activity and what can be expected going forward.
Read More »How A Technical Glitch at Wells Fargo Led to Foreclosures
A computer error at the bank led to hundreds of accidental foreclosures, according to the company's quarterly filings. Here's how the bank plans to compensate the affected customers.
Read More »The Regulatory Relief Bill’s Impact on Compliance
A report quantifying the incremental burden on financial institutions in keeping up with regulatory changes found that the recently passed bill had increased regulatory activities for lenders. Here are the details.
Read More »Why Wells Fargo Agreed to Pay a $2B Penalty
On Wednesday, Wells Fargo agreed to pay a fine of more than $2 billion for allegedly misrepresenting the quality of loans used in Residential Mortgage Backed Securities. Here's why the bank agreed to pay this amount in a settlement with the Department of Justice.
Read More »S&P Global Reaffirms LoanCare Ratings
LoanCare, a ServiceLink company, has announced that its rating has been reaffirmed and maintained as Above Average, both as a residential mortgage primary servicer and as a residential ...
Read More »Court Rules in Favor of Weltman in BCFP Case
The firm has prevailed in the lawsuit brought against it by the BCFP with the court ruling in favor of Weltman and confirming that the BCFP's lawsuit lacked merit.
Read More »CRFS Expands Service Offerings
The additional offerings complement CRFS' claims processing solutions platform, allowing clients to choose from a comprehensive menu of Consulting services based on their unique business needs.
Read More »Jeff Smith Named Wells Fargo Head of Home Lending Servicing
After months of anticipation, Wells Fargo & Co., a diversified, community-based financial services company based in Des Moines, Iowa, has announced that Jeff Smith, who currently represents servicing ...
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