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
Mortgage insurers could be set for a comeback as the housing market recovers
Online marketing is crucial for originators, but if done incorrectly they can be written off as "sleazy salespeople"
The incidence of mortgage fraud has seen an upswing, but remains low compared to the height of the financial crisis
A Connecticut originator has been fined US $1.2m for submitting loan applications with fraudulent borrower information
The CFPB is working with state regulators to ensure they properly enforce new industry rules
As a result of a shifting market conditions, more mortgage companies are discovering that retaining servicing on mortgage loans results in a steady stream of income as well as a sustained book of business.