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 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 …