Servicing

Servicer has announced the completion of the settlement of a previously announced Exchange Offer.

Non-bank servicers' share in the mortgage market has been steadily increasing in the last few years, and it is expected to get even larger in 2017. The driver behind the growth is expected to be different than previous years, however.

Morningstar cited Ocwen’s management team, enhanced corporate governance and improved control, and its internal audit and quality control methodologies as reasons for the shift.

Q3 was the first profitable quarter overall of 2016 for Nationstar Mortgage. What was the reason for the turnaround?

Ocwen reported its first quarterly profit in more than a year. What was the reason for the turnaround?

The Bureau's first-ever Project Catalyst report highlighted developments that could potentially benefit consumers, including improved mortgage servicing platforms and expanding responsible access to credit.

Enforcement activity against financial institutions dropped to a three-year low in the third quarter, and there are several possible explanations.

Two CFPB officials presented an overview of policy and programs that impact the mortgage industry based on these rules at the Five Star Conference and Expo in Dallas in September. Now, the rules are officially published in the Federal Register.

It has been a tumultuous week for Wells Fargo that included a leadership change at the top. It remains to be seen how these changes will affect Q4 profits, but as for Q3, the bank turned in a solid report.

The 10 voting members of the Fed’s policymaking arm are sharply divided on whether or not the economy is ready for a short-term rate increase.