servicing
CFPB orders Fay Servicing to pay $2M over illegal foreclosure practices
The Consumer Financial Protection Bureau (CFPB) has settled a case with Florida-based Fay Servicing over illegal conduct in foreclosures. The…
Read More »LoanDepot Sells Servicing To Restructure Debt, Boosts Q2 Revenue
Pending $25 million settlement of January cyberattack adds to $66 million second-quarter net loss, but executives say they’re in a…
Read More »Rocket executives build servicing, AI tools amid still challenging market
Despite some recent relief from mortgage rates, top executives at the parent of Rocket Mortgage continue to expect a challenging…
Read More »Democratic senators warn of potential problems with student loan servicing changes
A trio of Democratic senators sent a letter to Education Secretary Miguel Cardona on Monday highlighting concerns they have on…
Read More »Mr. Cooper to acquire Flagstar’s servicing and TPO businesses for $1.4B in cash
Mr. Cooper Group has struck a deal to acquire a third-party origination (TPO) platform and $356 billion in mortgage servicing…
Read More »Cornerstone Staffs Up To Grow Loan Servicing, Homebuilder Partnerships
Seven executive hires in 2024 include Dana Abernathy, who will expand the company’s servicing operations, and Mike Iorio, who is…
Read More »Sagent hires Mr. Cooper vet Jaime Gow to grow new servicing platform
In what’s shaping up to be transformational year for the company, Sagent has revamped its leadership and launched Dara platform…
Read More »HUD posts updated servicing defect taxonomy for stakeholder review
The U.S. Department of Housing and Urban Development (HUD) on Wednesday posted an updated draft of its proposed defect taxonomy…
Read More »CFPB proposes new servicing rules that would focus on foreclosure assistance
The Consumer Financial Protection Bureau (CFPB) on Wednesday announced a newly proposed rule that would amend Regulation X and require…
Read More »CFPB takes enforcement action against former HECM servicing contractor
The Consumer Financial Protection Bureau (CFPB) on Tuesday announced a series of enforcement actions against two companies for what the…
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