Tag Archives: mortgage servicing

In January, a group of Residential Mortgage Backed Securities (RMBS) investors including BlackRock Financial Management Inc., Pacific Investment Management Company LLC, Kore Advisors, and Metropolitan Life Insurance issued a notice on Ocwen’s alleged non-performance. Ocwen claims the notice is a part of a long campaign by the RMBS investors to force more home foreclosures and less loan modifications.

Fannie Mae released its annual Servicer Total Achievement and Rewards (STAR) results, naming Fifth Third Bank as its sole Five STAR designee for overall performance and customer service. "We are pleased to see servicers' continued efforts to improve their operations, help homeowners and meet Fannie Mae's goals," said Leslie Peeler, SVP of the National Servicing Organization at Fannie Mae.

Fannie Mae announced Friday revisions to its maximum fee assessment for servicers submitting late or inaccurate loan reports. According to the announcement, Fannie will fine servicers the greater of $250 or $50 per mortgage loan, with maximums starting at $5,000 for the first instance and climbing up to $15,000 for repeated incidents. The new fee structure goes into effect May 1, 2014.

Policymakers and servicing leaders gathered Tuesday at the Newseum in the nation’s capital for the fifth annual Five Star Government Forum, an all-day event created to foster honest and open dialogue about the servicing industry’s most pressing challenges. In case you missed it, we captured a few photos highlighting the day’s events and the lineup of speakers—including some of the most influential names in housing and servicing today.

[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 ...

[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 ...