Mega mortgage servicer stocks brush off foreclosure scrutiny

Countrywide Financial Corp.’s future was called into question again Wednesday after it reported another rise in loan delinquencies and foreclosures, fueling fresh speculation that the company was.

Foreclosures and short sales of investment properties can indeed result in tax bills if the proceeds of the sale aren’t enough to cover the mortgage and the resulting. that higher interest rates.

Fannie Mae net income retreats to $2.4B in Q1 Texas luxury home sales maintain fast-growing trend Luxury home sales continue to be one of the strongest sectors in the Texas housing market, with sales continuing to rise, according to the 2016 Texas Luxury Home Sales Report released Monday by.

 · Ocwen Financial: Calling Republican Lawmakers What Is Going On With The CFPB. selling off subprime mortgage servicing rights to other such as Ocwen.. was told is about 70% of the stock.

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Mortgage applications drop after big jump Mortgage application volume increased 0.1% on an adjusted basis during the week ended nov. 17, according to the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey. Applications for refinances decreased 5% on higher rates while applications for purchases increased 5%. On an unadjusted basis, total volume decreased 2% compared with the previous week.

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California is back at the negotiating table to potentially take part in a multi-state deal with the nation’s largest mortgage servicers over faulty foreclosure practices. For months, Atty. Gen. Kamala.

A mortgage service provider is typically paid on a fee basis. mortgage servicing can be performed by a financial institution or outsourced to a third party servicer or sub-servicer. Mortgage servicing fraud generally involves the diversion or misuse of principal and interest payments, loan prepayments, and/or escrow funds for the benefit of the.

The Consumer Financial Protection Bureau proposed on Thursday an additional set of measures designed to expand foreclosure protections for mortgage borrowers. In an announcement Thursday afternoon, CFPB detailed the latest additions to its mortgage servicing rules,

Caught in a reverse (mortgage) nightmare: HUD policy draws scrutiny, lawsuit. So did Ogle’s loan servicer, Reverse Mortgage Solutions, of Spring, Texas, which initiated the foreclosure action.

In March, New York Times also reported that Goldman was looking for strategic options for the sale of Litton as the mortgage-servicing industry was under greater scrutiny for their foreclosure.

Zillow survey: 5% home value growth expected in 2013 The cost of putting a roof over your head continues to go up. Not only are home prices still rising, but the cost of rent rose 0.5% in June, according to a report from Apartment List.

August 2014 CoreLogic foreclosure report. according to the Mortgage Bankers Association. Non-bank servicers are under pressure from the government We’ve seen the Consumer Financial Protection.

BankUnited stops originating retail mortgage loans Bloomberg: Blackstone rental home bonds have highest LTV Among investors’ main concerns was that Blackstone did not have. so high, in fact, that they looked at national home-price indices and in some cases applied a cap to the amount of HPA they would.Nomura and RBS await judge ruling on FHFA mortgage lawsuit Lawyers for both banks urged the 2nd U.S. Circuit Court of Appeals in New York to reverse a 2015 ruling that followed a non-jury trial in lawsuit by the federal housing finance agency (fhfa) over.BankUnited has stopped offering retail residential mortgage loans to consumers and laid off some of its workers. South Florida’s largest locally based bank said new residential mortgages weren.