• Ocwen2.71+0.04 +1.50%
  • Zillow42.87-0.36 -0.83%
  • Trulia47+0 +0%
  • NationStar17.37-0.19 -1.08%
  • CoreLogic41.81+0.10 +0.24%
  • RE/MAX55.25-0.40 -0.72%
  • Fannie Mae2.81+0.08 +2.93%
  • Freddie Mac2.675+0.055 +2.099%
  • Wells Fargo53.02-0.72 -1.34%
  • CitiMortgage61.07+0.37 +0.61%
  • Bank of America24.00-0.07 -0.29%
  • Lennar50.39-0.60 -1.18%
  • Fidelity National Financial40.39-0.08 -0.20%
  • D.R. Horton33.07-0.18 -0.54%
  • PulteGroup22.75-0.27 -1.17%
  • First American41.66-0.40 -0.95%
  • BKFS39.10+0.20 +0.51%
  • AUDUSD=X0.7384+0.0006 +0.0745%
  • USDJPY=X113.2800-0.5410 -0.4753%
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Home >> News >> Servicing (page 10)

Elm Street Technology Acquires Consolidated Knowledge

Elm Street Technology Acquires Consolidated Knowledge

Elm Street Technology (EST), who offers a portfolio of real estate technology and marketing services companies for agents, teams, and brokerages, recently announced the acquisition of Consolidated Knowledge, a technology platform provider to the residential real estate and multi-family industries. EST aims to offer a single technology solution for lead generation. The acquisition is the next step in EST’s ongoing efforts to consolidate the real estate industry’s leading technology and marketing service providers.

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Secretary Carson Talks Mind Over Matter in Housing Struggles

Secretary Carson Talks Mind Over Matter in Housing Struggles

In a recent radio interview, HUD Secretary Ben Carson said that with “the right mindset,” many Americans using HUD’s low-income housing subsidies could overcome their struggles. Carson discussed topics of poverty, housing, and the government’s role in both, just days after President Trump’s 2018 budget blueprint was released. The plan cuts $6.2 billion from the HUD budget, ends the Community Development Block Grant program, and slashes funding for the department’s rental assistance program.

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Adapting to Change

Adapting to Change

Mat Ishbia, President and CEO of United Wholesale Mortgage, spoke with MReport on how mortgage lenders and brokers can adapt to the changing climate. According to Ishbia, the industry is not in the same place it was just five years ago, and drastic changes are sure to continue into the coming years. How has wholesale mortgages changed, and what can we expect in the future?

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Asurity Technologies Announces Integrated Compliance Platform

Asurity Technologies Announces Integrated Compliance Platform

Asurity Technologies, an enterprise formed to provide the financial services industry with RegTech solutions, announced its formation as an entity bringing together Treliant Solutions, LLC, Risk Management Solutions, Inc., and Mortgage Resources Group, LLC into an integrated compliance platform. According to Asurity, this platform will allow lenders to establish compliance, proactively manage a fair lending and redlining risk, and submit for both HDMA and CRA.

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FHFA Issues Request for Input Over Mortgage English Proficiency

FHFA Issues Request for Input Over Mortgage English Proficiency

The Federal Housing Finance Agency (FHFA) is looking to the public for input regarding Limited English Proficiency (LEP) in the mortgage lifecycle. LEF borrowers currently face challenges applying for mortgages because they risk not understanding or relying too much on a source that could mislead them. FHFA looks to better understand the experience LEP borrowers have in order to improve support from the mortgage industry.

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Industry, and Stock Market, Reaction to Hudson & Marshall Acquisition

Industry, and Stock Market, Reaction to Hudson & Marshall Acquisition

Fidelity National Financial (FNF) announced the acquisition of Hudson & Marshall (H&M), a full-service auction company, Monday. Industry reaction was instantaneous, as was a jump in FNF’s stock. Under FNF’s umbrella, ServiceLink, a provider of transaction services to the mortgage and finance industries, is launching ServiceLink Auction, a full-service auction platform that will provide foreclosure and REO auction services fully integrated with ServiceLink’s suite of products.

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City Sues Wells Fargo Over FHA Violations

City Sues Wells Fargo Over FHA Violations

On Monday, the City of Philadelphia sued Wells Fargo & Co for predatory lending and violations of the Fair Housing Act. This suit comes just two weeks after the U.S. Supreme Court ruled that cities may sue lenders for alleged discrimination, according to Reuters. Two weeks before this case, the Supreme Court had ruled that Miami could sue Bank of America for predatory lending practices that allegedly increased segregation.

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Appeals Court Revives BNY Case Against Chase

Appeals Court Revives BNY Case Against Chase

A years-old case between Bank of New York Mellon and JPMorgan Chase is back on again—at least in part— after a New York state appeals court revived the suit this week. BNY claims that JPMorgan and affiliate WMC Mortgage breached contracts, failed to repurchase certain defective loans, and failed to provide notice of faulty loans. The case was originally filed in 2015.

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Law Firms and Servicers Converge

Law Firms and Servicers Converge

Representatives from the leading mortgage servicers and default servicing law firms in the U.S. met to discuss issues currently impacting business. Attendees listed to several panels and speakers to learn more about changes and issues the industry faces.

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The New Age of Servicing

The New Age of Servicing

Proactive and novel approaches prove key to properly servicing loans—and the next generation of borrowers—in this era of rising rates, shifting purchase trends, a freshly implemented administration, an evolving regulatory environment, and rapidly accelerating technology.

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