You Searched For "mortgage servicers" and got 20 results
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2 mins read
Of All The Brand New Mortgage Rules, This One Is Our Favorite
-When borrowers miss two payments, lenders must inform them of what actions they can take to get ba…
Mandi Woodruff
1 min read
Mortgage Servicer Ocwen Financial Is Crashing
The massive drop in Ocwen shares of Tuesday brings the stock's loss to more than 85% over the last …
Myles Udland
2 mins read
Looks Like We Were The Only Ones Happy With The New Mortgage Rules
“CFPB is providing mortgage servicers advance notice to do their dirty work before the new regulati…
Mandi Woodruff
2 mins read
IBM continues to thin its software portfolio with the sale of its declining mortgage services product
The terms of the deal, announced Friday, were not disclosed. IBM said in a statement that this busi…
Becky Peterson
1 min read
Loan-servicing company crashes after regulators say big errors cost borrowers their homes
Regulators from Wisconsin and more than 20 other state regulators have also issued regulatory order…
Reuters,Akin Oyedele
3 mins read
The Program Meant To Save Underwater Homeowners Has Failing At An 'Alarming Rate'
“Each time we have contacted [our servicer] via the phone numbers they have given us. Each time the…
Mandi Woodruff
3 mins read
The growing market share of nonbanks and alternative financing in the online mortgage lending industry
As consumers continue to demand the speed and convenience of digital technology, various facets of …
Alicia Phaneuf
3 mins read
There's an alarming new study that says charter schools are America's new subprime mortgages
"Supporters of charter schools are using their popularity in black, urban communities to push for s…
Abby Jackson
3 mins read
We just got even more evidence supporting the theory that charter schools are America's new subprime mortgages
The study found that while charter-school boards have the responsibility to follow the laws mandate…
Abby Jackson
1 min read
Loan-servicing company Ocwen Financial explodes higher after unloading a bunch of assets
It's welcome news for Ocwen, which lost more than half its market value last month after the US Con…
Joe Ciolli
2 mins read
One of the most powerful women in banking is stepping down from her role at JPMorgan
Her retirement marks a change at the top of a key division for JPMorgan. Serra helped set JPMorgan'…
Jonathan Marino
2 mins read
Biden's CFPB just ordered mortgage lenders to do more to help you avoid foreclosure
The Consumer Financial Protection Bureau released new rules to safeguard people from foreclosures a…
Ayelet Sheffey
3 mins read
Homeowners should be worried about a legal battle that could jeopardize 'the stability of the housing market,' the head of a federal consumer watchdog says
The Supreme Court will hear a case that could upend the CFPB, and in turn, jeopardize the housing a…
Ayelet Sheffey
1 min read
Americans are paying nearly as much interest on credit cards and other debt as they are on their mortgages
While homeowners could lock in a 3% mortgage for 30 years not long ago, other kinds of consumer deb…
Yuheng Zhan
9 mins read
What caused the Great Recession? Understanding the key factors that led to one of the worst economic downturns in US history
The Great Recession was caused by the collapse of the subprime mortgage market, which led to a cred…
Anne Field
2 mins read
HSBC is paying $470 million for 'abusive mortgage practices' in the US
Homeowners in financial distress sometimes depend on chapter 13 bankruptcy to help them catch up on…
Oscar Williams-Grut
2 mins read
Fannie and Freddie will start buying riskier mortgage loans to ease rising housing-market stress
The enterprises previously avoided such loans, but eased forbearance criteria set out in the CARES …
Ben Winck
4 mins read
How to defer your bill payments if you've been financially affected by the coronavirus
If you've been affected by the coronavirus, don't just stop paying your bills. Your credit score co…
Laura Grace Tarpley
2 mins read
Requests to suspend or reduce mortgages surged more than 3,000% in March as homeowners sought relief from the coronavirus slowdown
Tuesday's report also showed an increase in loans in forbearance to 2.66% April 1 from 0.25% March …
Carmen Reinicke
2 mins read
The housing market is about to take a hit as student loan payments restart
More than a quarter of borrowers surveyed are worried about making rent or mortgage payments when s…