Tag Archives: Servicers

Ditech Financial and HLP announced an agreement to implement a borrower outreach effort to identify and assist the less then 1 percent of borrowers who are eligible for the FHFA’s Principal Reduction Modification program.

In the case of Spokeo Inc. vs. Robins, the Court ruled that consumers must prove that they have suffered “concrete harm” in order to bring a class action suit under the FCRA. What does this ruling mean for mortgage servicers?

Fannie Mae and Freddie Mac recently announced a big change to the benchmark mortgage modification interest rate that will help servicers.

For some time there have been questions surrounding how servicers can protect the lien rights of their investors with regard to the lien position of Homeowner Association properties, but there are ways to avoid this conflict.

As originators and servicers brace themselves for the predicted slowdown in growth within their businesses, John Vella, Chief Revenue Officer at Altisource, shares his insight on how they can remain successful in a new housing environment.

In his summary of six reports filed with the U.S. District Court for the District of Columbia released on Thursday, Independent Settlement Monitor Joseph A. Smith, Jr. and his team revealed no failed metrics among the servicers that were party to the National Mortgage Settlement in 2012.

Just as servicers were adjusting to the lowest ever standard mortgage modification interest rate established in November by Fannie Mae and Freddie Mac, the GSEs opted to raise it back up.

In an effort to escheat any remaining uncashed payments that borrowers made pursuant to the 2013 Independent Foreclosure Review (IFR) Payment Agreement, the Office of the Comptroller of the Currency (OCC) announced today that six servicers will now face several business restrictions for not complying with the consent order requirements.

Years of hardships and constant changes in the mortgage service industry have encouraged RMBS 3.0 investors to voice their requests for servicer improvements, according to Fitch Ratings.

Mortgage servicers have made substantial progress over the last year in improving borrowers' customer experience, a new survey released by J.D. Power shows. In its yearly survey of customer satisfaction for primary mortgage servicers, the company found the servicing industry as a whole averages 754 on a 1,000-point scale, up more than 20 points from last year.