The mortgage servicing giant says it will ‘vigorously defend’ against what it calls ‘unfair and unjust’ enforcement actions
A recent study found that the mortgage process consumes paper equivalent to 264,000 trees each year
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The CFPB rate checker has caused a lot of noise in the industry, but stop worrying about pricing and start worrying about marketing and the niche you will become the expert in.
The lender said the layoffs are due to the declining number of delinquent mortgages the bank now services.
According to Fitch Ratings, the new capital requirement by the regulator will have little effect on the industry and is not a solution for eliminating RMBS risk.
The N.Y. Attorney General, who accused the lender of failing to comply with several mortgage servicing standards, doesn't think so. A federal judge recently ruled on the case.
Standard & Poor is completing settlements with regulators over accusations it knowingly inflated its ratings of risky mortgage investments during the run up to financial crisis.