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Content Category: Mortgage Servicing
CFPB Fines Payment Processing Company For False Advertising
by MortgageOrb.com on July 29, 2015
Paymap Inc., a Colorado-based payment processing company, and LoanCare, a Virginia-based residential mortgage servicer, have been fined by the Consumer Financial Protection Bureau (CFPB) for [read more]
Old Republic Default Management Services Changes Name
by MortgageOrb.com on July 27, 2015
Old Republic Default Management Services, the loan servicing division of Old Republic Title, is changing its name to Old Republic Servicing Solutions. The name change [read more]
Black Knight: Foreclosure Inventory Drops To Lowest Level In Eight Years
by MortgageOrb.com on July 27, 2015
The U.S. mortgage delinquency rate in June was about 4.82%, a decrease of 2.90% compared to May and down 15.53% compared to June 2014, according [read more]
Andrea M. Paravano Promoted To Evictions Manager At Potestivo & Associates
by MortgageOrb.com on July 23, 2015
Andrea M. Paravano has been promoted to evictions manager at Potestivo & Associates PC, a law firm assisting mortgage lenders and servicers. Paravano joined the [read more]
Meredith Fuchs Named Acting Deputy Director Of CFPB
by MortgageOrb.com on July 22, 2015
Meredith Fuchs will replace Steve Antonakes at the Consumer Financial Protection Bureau (CFPB), the bureau has announced. News that Antonakes was stepping down from his [read more]
Fitch Affirms Ratings For RoundPoint Mortgage Servicing
by MortgageOrb.com on July 21, 2015
RoundPoint Mortgage Servicing, one of the nation's largest independent mortgage servicing companies, has received a U.S. residential primary servicer rating for subprime products of RPS3+ [read more]
RealtyTrac: Bank Repossessions Up 20% In First Half
by MortgageOrb.com on July 20, 2015
A total of 597,589 U.S. properties saw foreclosure filings in the first half of this year - a decrease of 13% compared to the second [read more]
HOPE NOW: Non-Foreclosure Prevention Actions Now Outpacing Foreclosure Sales 5:1
by MortgageOrb.com on July 16, 2015
There were about 44,457 permanent loan modifications granted to borrowers during April - up about 3% from 43,084 in March and up from 37,520 in [read more]
Wingspan Files For Bankruptcy
by MortgageOrb.com on July 15, 2015
Special servicer Wingspan Portfolio Advisors has reportedly filed for Chapter 7 bankruptcy. According to an article in the Dallas Business Journal, Wingspan filed for bankruptcy [read more]
LenderLive Hires Sharif Mahdavian As VP Of Business Development
by MortgageOrb.com on July 15, 2015
Sharif Mahdavian has joined LenderLive Network, a domestic-based, end-to-end mortgage services provider, as vice president of business development for its due diligence division. Previously, Mahdavian [read more]
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