Servicing

Closing the digital mortgage gap

09/11/18

Early adopters took digital mortgages from concept to reality. What will it take for everyone else to catch up?

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Citi fined $8.6M for deficiencies in subsidiary's mortgage docs

08/10/18

The Fed's order targets affidavits prepared by employees of CitiFinancial in connection with the company's exiting the mortgage servicing business.

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Senate Democrats send CFPB nominee list of follow-up questions

07/27/18

Kathy Kraninger, a senior official at the Office of Management and Budget, largely avoided answering direct questions at her nomination hearing.

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Court keeps Ocwen records sealed in CFPB dispute over escrow accounts

06/26/18

Ocwen Financial is able to keep the answers to questions from the Consumer Financial Protection Bureau involving the improper handling of escrow accounts confidential, a federal magistrate ruled.

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Waters bill would strengthen FHFA oversight of mortgage servicers

06/18/18

The bill aimed at helping struggling homeowners also requires documentation of servicer behavior and FHFA evaluation of the services provided to borrowers.

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New MBA chief's hardest job? Not screwing things up

06/08/18

Robert Broeksmit has a tough act to follow succeeding David Stevens, the CEO revered for navigating the Mortgage Bankers Association through one of its most tumultuous eras on record. But in doing so, Broeksmit has a distinct advantage over many of his predecessors: inheriting an organization on the upswing.

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Legal filing confirms CFPB's dismissal of PHH case

06/07/18

Acting CFPB Director Mick Mulvaney wrote in a two-paragraph filing that the Mount Laurel, N.J., company did not violate the Real Estate Settlement Procedures Act.

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MBA taps industry vet Robert Broeksmit to succeed David Stevens as CEO

06/07/18

Robert Broeksmit, a career mortgage industry executive, will succeed David Stevens as the president and CEO of the Mortgage Bankers Association.

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Financial industry petitions FCC to make robocall lawsuits harder to win

05/10/18

Banking and mortgage groups are asking the Federal Communications Commission to issue new Telephone Consumer Protection Act rules that would make consumer lawsuits over robocalls harder to win.

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Freddie Mac is quietly helping out the U.S.'s new mortgage kings

05/07/18

Freddie Mac has quietly started extending credit to nonbanks that issue mortgages, a move it says will help the companies maintain access to a crucial stockpile of cash if their home loans go sour.

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