The mortgage servicing giant is not having a good week
Ocwen couldn’t catch a break Thursday; immediately after more than 20 states hit the servicer with enforcement orders, the CFPB announced it was suing the company
Lack of information and confusion surrounding the new TRID forms are all among the housing industry’s biggest critiques of the regulator’s new “Your Home Loan Toolkit.”
Recently, FICO announced a new score system that is designed for those that are “unscoreable," but what is the likelihood banks will overhaul FICO's traditional scoring models for a new one?
The year saw record origination volumes from life insurance companies and the GSEs, and the second highest level on record for banks.
As the regulatory environment becomes increasingly more volatile, organizations have had to place an increasingly greater emphasis on compliance. And, many are using compliance management systems to ensure they are following regulations.
The employee who emailed the CEO and cc’d 200,000 others at the bank about getting a raise criticized the company’s compensation philosophy in his resignation letter.
The bank claims the pilot program will increase market confidence and level the playing field for buyers and sellers of all sizes in the secondary mortgage market.