Scholars have long pondered if Myrtle Beach, South Carolina was named after my cat Myrtle, or vice versa the answer is lost in the shrouds of time. Regardless, if you wonder what $ 3.4 million can take down in Myrtle Beach, the answer is .” Foreclosure News
Civil litigation — Complaint — Res judicata Susan Lindauer, appellant, appeals from an order, issued by the Circuit Court for Montgomery County, dismissing her complaint against appellees1 for negligence, fraud, wrongful foreclosure, breach of contract, and breach of the implied covenant of good faith and fair dealing. Lindauer raises five issues on appeal, which reduce […]
In 2017, the CFPB issued several final rules to clarify, revise, and update the regulatory framework applicable to the home mortgage origination and servicing market: In August 2017, the CFPB published a final rule that clarifies certain HMDA data collection and reporting requirements, most of which became effective on January 1, 2018. Foreclosure News
One of the things that impact servicing values is foreclosure laws, and rates, in certain states. Foreclosures have dropped, thankfully the number of borrowers in trouble has dropped, but certain loan vintages, and certain states, are seeing an increase in early signs that some post-recession loan vintages are defaulting at a slightly elevated rate, a […]
Lavine, Bright and Pellegrino, Js.Charles C. Hallas, for the appellants . Benjamin T. Staskiewicz, for the appellee . Foreclosure News
On March 29, 2018, the Consumer Financial Protection Bureau released two important implementation tools that may help mortgage servicers ensure compliance with recent amendments to the mortgage servicing rules in Regulations X and Z. This release comes shortly after the CFPB published a set of Frequently Asked Questions that primarily addressed issues related to the […]
GREEN TREE SERVICING, LLC, Appellant, v. BRUCE FELLER et al., Defendants, NANCY RUTH FELLER, Also Known as NANCY RUTH FERRY, Respondent. Foreclosure News
Incenter Mortgage Advisors is putting up for bid a $ 712.8 million package of government-sponsored enterprise and Ginnie Mae mortgage servicing rights concentrated in the Southeast. While California often dominates larger MSR packages, the largest percentage of loans in this portfolio are concentrated in Tennessee , followed by Georgia , Kentucky , North Carolina and […]
Ocwen Financial Corp.'s $ 360 million acquisition of PHH Corp. presents an opportunity for the nonbank servicer to rebuild scale that's been diminished by years of regulatory restrictions and the decline in distressed mortgage volume brought about by improvements in the overall housing market. Maintaining scale is critical for servicers and subservicers like Ocwen in […]
As local, state, and national organizations plunge into another year's worth of conferences, there is some good news for those that imbibe in adult beverages. According to Non-depository lenders are still searching for lines of credit to finance their mortgage servicing rights . Foreclosure News