Ocwen Executes Major Compliance Overhaul
The executive who oversees compliance at Ocwen Financial Corp. has had his work cut out for him since taking the job nearly two years ago. In an interview, he talked about overhauling compliance.
CFPB Wins Round in PHH Lawsuit
The Consumer Financial Protection Bureau has won a round in a contentious lawsuit that was previously filed by PHH Corp.
Mortgage Complaints Improve More than Overall
Trends in mortgage complaints are far more favorable than trends for those filed for all types of financial products on a monthly and annual basis.
Mortgage Standards Sustained at Banks
For most depository institutions, credit standards for a range of residential lending programs haven't changed much over the past three months. Demand was mixed.
Several Topics to Be Covered at Mortgage Events
Topics to be covered at several upcoming events tied to home lending include mortgage servicing rights, reverse mortgages and social media. Compliance is also on the agenda.
Another Illegal Fee Settlement at Prospect Mortgage
A little more than a year after Prospect Mortgage LLC settled allegations of illegal fees received by an appraisal affiliate, it has reached another illegal fee settlement.
Foreclosure Settlement for Citi Units
Citigroup Inc.'s home-lending and finance company servicing units have agreed to settle allegations of improperly handling distressed borrowers.
United Wholesale Parent Reaches FHA Settlement
The parent of United Wholesale Mortgage has agreed to settle allegations that it pressured and compensated underwriters to approve government-insured mortgages.
Mortgage Complaints Down From Year Ago
Despite a year-over-year increase in average monthly financial services complaints, there was a decrease in mortgage complaints.
HUD Eases DE Test Phase Process
The process of obtaining direct endorsement authority from the Federal Housing Administration has been made a little easier.