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Tag: Loan servicing

Proposed Changes to Mortgage Servicing Rules: Protections for Surviving Family Members

Today, we’re proposing changes to our Mortgage Servicing Rules, which took effect on January 10, 2014. These rules provide important protections for consumers with...

Lessons from the CFPB’s First Mortgage Servicer Rule Enforcement Action –...

Following its adoption of the mortgage servicing rules on January 17, 2013, the Consumer Financial Protection Bureau (CFPB) indicated that it would not aggressively...

OASIS: A Securitization Born from MSR Transfers

Early in 2014, Ocwen Loan Servicing, the nation’s largest nonbank mortgage servicer, completed a new type of quasi-securitization to help Ocwen fund its servicing...

Subprime Mortgage Loan Servicer Ocwen Agrees to $2.2 Billion Settlement

A $2.2 billion agreement is settling accusations against a large but little known player in the mortgage industry that escaped last year’s sweeping mortgage...

CFPB Examiners Find Mortgage Servicing Business Remains a Sewer

Not that we needed additional evidence, but the Consumer Financial Protection Bureau has found more fraud and theft inside the nation’s mortgage servicing operations....