Fitch: U.S. Mortgage Servicing Pendulum Shifting Back to Banks
Recent fallout surrounding Ocwen Loan Servicing LLC is bringing U.S. banks back in greater numbers to the market as buyers of mortgage servicing rights , according to Fitch
Capsilon Survey Reveals That 41 Percent of Lenders are Not Prepared to Meet August 2015 TILA-RESPA Requirements
41 percent of mortgage lenders report that they are not prepared to meet the August 2015 Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disc
Ocwen refutes allegations of poor mortgage servicing practices
Ocwen Financial Corp refuted allegations of poor mortgage-servicing practices and said on Monday that it had sent a letter to trustees of 119 mortgage pools, arguing that it should not be removed as a servicer. Investors including BlackRock Inc and Metlife Inc sent a notice to Ocwen and the trustees in January, alleging improper loan modification practices, wrongfully recouped advances, and a …
Ocwen Financial (OCN) Stock Climbing Today Following Mortgage Servicing Rights Sale
NEW YORK (TheStreet) — Shares of Ocwen Financial Corp. are climbing, higher by 3.75% to $9.96 in midday trading Monday, following the company's announcement from earlier today that it signed an agreement in principle to sell its mortgage servicing rights to non-bank residential mortgage servicer Nationstar Mortgage Holdings Inc. . Ocwen Loan Servicing will sell its $9.8 billion portfolio of …
Ocwen to sell servicing rights on $45 bln of Fannie Mae loans
Mortgage servicer Ocwen Financial Corp said it would sell residential mortgage servicing rights on $45 billion of Fannie Mae loans to an undisclosed buyer, sending its shares up 5.5 percent in extended trading. The announcement comes a week after Ocwen said it would sell servicing rights on $9.8 billion of loans backed by Freddie Mac to Nationstar Mortgage Holdings Inc, as part of a strategy to …
Mortgage Servicer Ocwen Financial Is Crashing
Shares of mortgage servicing company Ocwen are…
30-Year Fixed Mortgage Rates Remain at 19-Month Low; Current Rate is 3.57%, According to Zillow Mortgage Rate Ticker
SEATTLE — The 30-year fixed mortgage rate on Zillow(R) Mortgages is currently 3.57 percent, down one basis point from this time last week. The 30-year fixed mortgage rate hovered around 3.64 percent, …
Nearly half of mortgage borrowers make this $25,000 mistake
© Patrick T. Fallon/Bloomberg A sign advertises home mortgage services as a customer enters a Bank of America Corp. branch in Manhattan Beach, California, U.S., on Tuesday, Sept. 10, 2013.
California Regulators Want to Suspend Ocwen's Mortgage License
California regulators are trying to suspend the mortgage license of Ocwen Financial Corp., saying the company failed to provide information that shows it complies with the state's laws to protect homeowners.
The $25,000+ mortgage mistake nearly half of borrowers make
If you don’t shop around for a mortgage, you’re probably leaving free money (and a lot of it) on the table.