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IMFnews

October 19, 2017

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Agency Servicing Continued to Grow in 3Q17, Megabanks Show Little Interest

The four megabanks reduced their agency mortgage servicing rights by $59.6 billion during the third quarter… Read More

Freddie Mac Pushes Back Against Criticism on Its Use of Equifax

However, officials at Freddie said the claims regarding the GSE and Equifax lacked context. Read More

Mortgage Due Diligence Firms Open to Working Together to Standardize Reporting

Each due diligence firm applies its own interpretation of compliance... Read More

Stearns Reorganizes a Bit, Cuts 159 Jobs in California, but Plans to Rehire in Texas; Seeks LOs

“We continue to be bullish on the business,” said Stearns CEO David Schneider. Read More

Ocwen’s Departure from the Wholesale Sparks Speculation: An Eventual Sale?

Ocwen’s recent barrage of regulatory settlements, coupled with the sale of the wholesale division and the recent hiring of investment banker Chris Whalen, is sparking talk... Read More

Short Takes: Princeton Mortgage Enters Wholesale Arena / Ocwen Settles with Lone Star State / Stipulations Regarding REALServicing / The Original Trademark / Angel Oak Hires Fund Manager

Ocwen settled with Texas regulators as well... Read More

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