Servicing

The majority equity interest of MERSCORP, owner of the MERS System, a national electronic registry that tracks servicing rights changes, was acquired by Intercontinental Exchange.

What updates did the Bureau announce to its mortgage servicing rules and TRID as part of the semiannual Spring 2016 Rulemaking Agenda?

Five Star Institute President and CEO Ed Delgado dove into the default, foreclosure, and REO industries in a webinar presentation on Thursday to advise members of the Federation of REO Certified Experts (FORCE) of past and present market conditions.

Ditech Financial and HLP announced an agreement to implement a borrower outreach effort to identify and assist the less then 1 percent of borrowers who are eligible for the FHFA’s Principal Reduction Modification program.

In the case of Spokeo Inc. vs. Robins, the Court ruled that consumers must prove that they have suffered “concrete harm” in order to bring a class action suit under the FCRA. What does this ruling mean for mortgage servicers?

Fannie Mae and Freddie Mac recently announced a big change to the benchmark mortgage modification interest rate that will help servicers.

Why does a federal watchdog believe that non-bank servicers, who now service a majority of HAMP loans, need more oversight from federal regulators?

Nationstar was the only one of the three largest non-bank servicers rated by Moody's to turn a profit in 2015, but the Dallas-based servicer couldn't keep it up in the first quarter of 2016. What caused the net loss for Nationstar, and which segments of the company performed well in Q1?

Walter Investment Managaement Corp., on Tuesday continued a trend observed among many non-bank servicers in the last year and the start of this year with a major loss to its first quarter earnings, particularly in its mortgage servicing and origination segments.

An independent monitor for the National Mortgage Settlement reported that Ocwen has fulfilled its consumer relief obligation under the NMS. But the news wasn't all good.