Browsing Tag:Servicing

hpc-calls-to-increase-fhas-servicing-defect-taxonomy-remark-interval
An industry group, along with consumer advocates, is calling on policymakers to widen discussions on a proposal that aims to better define certain compliance standards for mortgage service providers.In a new letter, the Housing Policy Council and four consumer protection group signatories urged federal officials to respond to earlier requests calling for longer-term comments and more dialogue on a...
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fha-money-out-pre-approval-letter-voe-digital-merchandise-in-depth-look-shifting-charges-servicing-ae-lo-fha-jobs
FHA Cash Out, Pre-Approval Letter, VOE, Digital Products; In-Depth Look Moving Rates; Servicing, AE, LO, FHA JobsTime flies. For example, Thanksgiving week is here already. Debbie Harry, of Blondie fame, is 76 years old. Better.com has already been around five years. No lender wants to see the word “fraud” in its history while folks are watching its merger partner...
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fha-publishes-draft-servicing-defect-taxonomy-to-drafting-desk-weiner-brodsky-kider-pc
On October 28, 2021, the FHA published a proposed error taxonomy for the Servicing Loan Reviews in the FHA's Drafting Table. The new updates build on the April 2021 changes to FHA's 4000.1 manual that revised the Maintenance and Damage Control section. The proposed error taxonomy will be Appendix 8.0 to Manual 4000.1. The error taxonomy...
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va-cashout-heloc-servicing-bilingual-instruments-catastrophe-updates-jumbo-and-non-qm-updates
VA Cashout, HELOC Servicing, Bilingual Tools; Disaster Updates; Jumbo and Non-QM UpdatesStarting today I’m in Oklahoma City for the OMBA Conference. The median home price here is roughly $150,000 and housing prices are up nearly 7 percent in the last year, ahead of the 5.4 consumer inflation rate. Life is filled with numbers. I wonder what the numbers were...
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mlo-jobs-mortgage-merchandise-buy-cu-servicing-warehouse-instruments-fha-and-usda-strikes-charges-treading-water
MLO Jobs; Loan Products; Purchase, CU, Servicing, Warehouse Tools; FHA and USDA Moves; Rates Treading WaterAlthough most states don’t “fall back” and change the clocks until November 7th, losing 3-4 minutes of daylight a day is now readily apparent, and it’s that time of year again when Thriller” starts appearing on radio playlists. Which reminds me, you know you’re...
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ocwen-monetary-broadcasts-closing-with-reverse-mortgage-options-to-purchase-reverse-mortgage-servicing-and-reo-platforms
WEST PALM BEACH, Fla., October 4, 2021 (GLOBE NEWSWIRE) - Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage servicer and lender, announced today that its wholly owned Subsidiary PHH Mortgage Corporation (“PHH”) has previously announced a transaction with Reverse Mortgage Solutions, Inc. (“RMS”) and its parent company Mortgage Assets Management, LLC (“MAM”) to acquire...
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mlo-jobs-complete-mortgage-buying-and-selling-servicing-digital-jumbo-automation-merchandise-conforming-typical-updates
MLO Jobs; Whole Loan Trading, Servicing, Digital, Jumbo, Automation Products; Conforming Conventional UpdatesFirst off, my apologies to Ernest Hemingway whose name I mistakenly wrote as “Earnest.” Thank you to those who pointed that out. Second… Okay… I see my share of clever and funny videos. But this one is a “must watch,” superb and short, about adults returning to...
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ocwen-monetary-to-purchase-reverse-mortgage-servicing-platform
Ocwen Financial Corporation's wholly owned subsidiary, PHH Mortgage Corporation, has entered into an agreement with Reverse Mortgage Solutions and its parent company Mortgage Assets Management, LLC to acquire essentially all of the operations, assets and employees of the RMS Reverse Mortgage Servicing Platform.Under the terms of the agreement, the sub-servicing agreements for the reverse home mortgages currently under-managed by...
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ops-mlo-ae-jobs-servicing-dashboard-fha-pricing-voa-merchandise-company-shifts-proceed-occasions-this-week
Ops, MLO, AE Jobs; Servicing, Dashboard, FHA Pricing, VOA Products; Agency Shifts Continue; Events This WeekElaine F. reminded me of a quote from Hemingway: “Never mistake motion for action.” And basketball coach John Wooden said, “Never mistake action for achievement.” The FHFA is certain taking action, and moving toward achieving its goals, although those don’t necessarily match those of...
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