Ocwen Facing Some Renewed – Even Recycled – Actions

Posted by Nora Caley on June 14, 2017

The servicing giant is defending itself against familiar-sounding complaints and actions.

REO Rent-To-Own Model Falls Under Closer Scrutiny

Written by Nora Caley on June 07, 2017

REO-to-rental firms have helped banks and servicers liquidate tens of thousands of REO properties over the years – but the model is now under closer scrutiny.

Mortgage Lenders’ Next Challenge: Finding New Sources For Lien And Judgment Data

Written by Ann Fulmer on May 31, 2017

The change will make loan screening more difficult for lenders, most of which rely on the major CRAs for tax lien and civil judgment data.

Damon Paxson: When It Comes To The HOA/COA Lien Process, Misconceptions Abound

Written by Patrick Barnard on May 24, 2017

Servicers must fully understand the complexities behind working with HOA/COA properties so they can protect themselves from having to pay unnecessary fees.

The Mortgage Industry’s Next Headache: Website Accessibility Requirements

Written by Jack McElaney on May 17, 2017

Lenders do not need a crystal ball to see that these requirements will soon be affecting them.

Call It A Comeback: Why Lenders Should Reconsider Using AVMs

Written by Patrick Barnard on May 10, 2017

After falling out of favor with mortgage lenders following the recession, AVMs are now seeing increased use again, mainly because the technology has improved drastically.

Gagan Sharma: As Rates Rise, Servicers Must Stand Ready To Mitigate Foreclosure Risk

Written by Patrick Barnard on May 03, 2017

From a servicer perspective, the most important strategy to mitigating risk is to reach out to the borrower as early as possible.

Is The MBA’s GSE Reform Proposal ‘The One’?

Written by Patrick Barnard on April 26, 2017

With the Trump administration in the White House and a Republican-controlled Congress, it could be argued that the time has never been so ripe for GSE reform to finally happen.

Will That Be Plastic Or Plywood? The New Trend In Blight Control

Written by Nora Caley on April 19, 2017

Fannie Mae changes a rule about securing vacant properties, but experts say blight control is about more than covering windows.

Economists: Weak Jobs Report Not Likely To Impact Housing Market

Written by Patrick Barnard on April 12, 2017

A return of winter weather that affected the construction segment, plus sharp job losses in the retail sector, caused the March jobs report to come in much lower than expected.

Standard Versus Custom Integration: In Mortgage, It All Depends

Written by Patrick Barnard on April 05, 2017

It’s a challenging philosophical question – but fortunately, there’s plenty of middle ground.

Quicken Loans’ Small Victory Might Not Be That Small

Posted by Nora Caley on March 29, 2017

The industry is watching as the lender fights back against the U.S. Department of Justice.

Will Economic Uncertainty Derail The Housing Recovery?

Written by Patrick Barnard on March 23, 2017

Uncertainty in connection with the Trump administration’s policies and proposals is yet to have an impact on consumers’ psyches.

Industry Reacts To President Trump’s Proposed $6 Billion Cut To HUD Budget

Written by Patrick Barnard on March 15, 2017

Mortgage industry professionals are basically polarized when it comes to the Trump administration’s proposal to cut HUD’s funding by 14%.

Melanie Cornelius: The Only Constant In Mortgage Servicing Is Change

Written by Patrick Barnard on March 08, 2017

Will mortgage servicers view the next round of regulatory change as a new opportunity?

CFPB: Consumer Complaints Help Us Decide Where To Send Examiners

Written by Patrick Barnard on March 01, 2017

A bureau official says complaints are weighted “more substantially when considering how to prioritize our examination resources.”

Opinions Are Free, But GSE Reform Will Likely Be Expensive

Written by Nora Caley on February 22, 2017

The Mortgage Bankers Association and others weigh in on what might happen with Fannie Mae and Freddie Mac.

How Will Housing Fare In 2017? Please Ask Later

Written by Nora Caley on February 15, 2017

Industry experts say 2017 will be a good year for home sales – but this year, there are more “unknowns” than usual.

Republicans Put Richard Cordray’s Job On The Chopping Block

Written by Patrick Barnard on February 08, 2017

Rolling back or replacing Dodd-Frank is “likely to inspire and encourage more mortgage banking start-ups,” some in the mortgage industry say; however, any dismantling could result in confusion in the short term.

Carrington’s Ray Brousseau: Serving Underserved Market Has Been ‘Very Fulfilling’

Written by Patrick Barnard on February 02, 2017

Fast-growing Carrington Mortgage expects to see its origination volume grow by at least 50% in 2017.