Mortgage servicers are under intense pressure from investors and regulators to ensure a positive consumer experience, and ATPR gives a suggestion on how to provide that experience in a recent white paper.
Read More »Ocwen’s Financial Fortunes Turn Around in Q3
Ocwen reported its first quarterly profit in more than a year. What was the reason for the turnaround?
Read More »Servicers, Get Ready for CFPB’s Updated Rules
Two CFPB officials presented an overview of policy and programs that impact the mortgage industry based on these rules at the Five Star Conference and Expo in Dallas in September. Now, the rules are officially published in the Federal Register.
Read More »The Byproduct of Improved Loan Performance
Banks are experiencing an unintended consequence as a result of improved mortgage loan performance, according to Fitch Ratings.
Read More »The Potential Effects of Consumer Complaints on Servicers
Complaints made by consumers to the Consumer Financial Protection Bureau (CFPB) are difficult to track and address. What are the potential effects of these complaints on mortgage lenders and servicers?
Read More »How Investing in Customer Experience Helps Servicers
Contrary to some reports in the mortgage industry that customer experience investments are unnecessary and unprofitable, a recent study indicates that investing in the customer experience does pay off for mortgage servicers.
Read More »Freddie Mac: Lessons Learned from the Crisis
The mortgage servicing industry has become stronger and more efficient in a post-crisis world, according to Freddie Mac.
Read More »Q1 Sees High Performance of First-Lien Mortgages
According to the OCC, in increase in the number of current and performing mortgages combined with declining foreclosure activity resulted in a healthy servicing market in Q1.
Read More »Ocwen Agrees to Settle Compliance Suits
The cases revolve around accusations stemming from 2012 that Ocwen lied to the FHA about its compliance with HAMP rules, as well as FHA insurance programs.
Read More »CFPB Investigation Uncovers Servicing Violations
The Bureau reported violations due to deficient technology and process breakdowns as a result of numerous examinations of mortgage servicers since the CFPB’s new servicing rules went into effect in January 2014.
Read More »