On August 17, 2017, the Eleventh Circuit issued an opinion in Steven Bivens v. Select Portfolio Servicing, Inc. (No. 16-15119), holding that a borrower must send requests for information to a mortgage ...

FORT WORTH, Texas – Sept. 13, 2017 – Loan Portfolio Servicing (LPS) today announced the latest expansion of the company’s rideshare portfolio servicing platform, making LPS one of the biggest and most ...

Mortgage servicing rights trades have shifted from necessity-driven sales to strategic portfolio moves, reflecting evolving ...

Nonbank mortgage lender and servicer Ocwen Financial Corporation reported a $58 million profit in the first quarter, according to preliminary quarterly results released Thursday. The company greatly ...

Industry vet Ravi Shankar returns after stints at Boston Consulting, UWM. Mortgage and financial services veteran Ravi Shankar has rejoined Freddie Mac as senior vice president and head of ...

Ohio-based Union Home Mortgage's mortgage servicing portfolio reached the $10 billion mark for the first time in the company's history. It is now responsible for servicing loans for 60,000 families ...

The market for mortgage servicing portfolios is beginning to gather steam, with talk of new offerings and the closing of at least two large sales. It appears that many of the active bidders are ...

Walker & Dunlop’s servicing portfolio has grown 473 percent since the end of 2008 due to strong organic loan originations as well as the acquisition of assets of Column Guaranteed LLC in 2009 and the ...

Bank of America Corp will sell a commercial mortgage servicing rights portfolio valued at around $110 billion to a KeyCorp unit for an undisclosed amount, the latest offloading of servicing assets ...

Just when the market for mortgage servicing portfolios was showing signs of life again, something has come along to throw a wrench into the works: counterparty risk. Investment bankers and advisers ...

Earlier this week, Wells Fargo announced its decision to acquire mortgage servicing rights (MSRs) worth $51 billion from Seneca Mortgage Investments in a move that will reverse the trend of a steady ...

ClearLife Servicing has initiated servicing for Lighthouse Life Solutions, LLC, a leading life settlement provider and for a third-party warehouse facility. The Company expects to initiate servicing ...