The federal district court concluded that nine out of 10 legal claims against the lender/servicer were barred by a consent decree entered into by Ocwen in 2014. The court dismissed the 10th claim.
After pushback from large nonbank servicers, state examiners will revise pro-posed regulatory standards. Eight large servicers catch a break on stringency.
Seven depository bellwethers have released mortgage origination figures for 1Q21. Overall, production increased from the fourth quarter but the devil is in the details.
The COVID-19 partial claim payment program proposal — without changes to the draft — has been submitted for review to the Office of Management and Budget.
Mortgage companies, which are swimming in cash these days, have made more than $700 million in charitable donations recently. The biggest donors so far: Movement Mortgage and Rocket Companies.
Last week, word began to leak out that Caliber Home Loans was talking to New Residential Investment Corp. about a deal. Turns out, the sale chatter was true.