CFPB files amicus brief in Wells Fargo servicing lawsuit
CFPB files amicus brief in Wells Fargo servicing lawsuit
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The Consumer Financial Protection Bureau chimed in on an appeal to the McCoy vs. Wells Fargo Bank case, arguing that a borrower should be able to get information about their loan from their loan servicer.
The post CFPB adds two cents on Wells Fargo class action lawsuit appeared first on HousingWire.
The Consumer Financial Protection Bureau chimed in on an appeal to the McCoy vs. Wells Fargo Bank case, arguing that a borrower should be able to get information about their loan from their loan servicer.
The post CFPB adds two cents on Wells Fargo class action lawsuit appeared first on HousingWire.
The Texas-based company aims to increase customer retention, offering borrowers amenities like flexible payment options through a self-serve vendor system.
The Texas-based company aims to increase customer retention, offering borrowers amenities like flexible payment options through a self-serve vendor system.
The CFPB report shows that while on average servicers improved their call metrics, there are several significant outliers.
The post CFPB report highlights outliers doing a poor job servicing appeared first on HousingWire.
The CFPB report shows that while on average servicers improved their call metrics, there are several significant outliers.
The post CFPB report highlights outliers doing a poor job servicing appeared first on HousingWire.
The Trepp CMBS Special Servicing Rate fell 25 basis points in February to 6.1 percent.
The post 2022 Special Servicing Rates appeared first on Commercial Property Executive.
The Trepp CMBS Special Servicing Rate fell 25 basis points in February to 6.1 percent.
The post 2022 Special Servicing Rates appeared first on Commercial Property Executive.
CFPB’s suit against Ocwen has been thrown back to the District Court where the bureau’s nine claims against Ocwen will be evaluated on a claim-by-claim basis.
The post CFPB’s appeal to Ocwen suit off to a rough start appeared first on HousingWire.
CFPB’s suit against Ocwen has been thrown back to the District Court where the bureau’s nine claims against Ocwen will be evaluated on a claim-by-claim basis.
The post CFPB’s appeal to Ocwen suit off to a rough start appeared first on HousingWire.
Ocwen Financial Corporation reported a $58 million profit in the first quarter, even though it lost money in forward originations.
The post Servicing portfolio propels Ocwen to profitability in Q1 appeared first on HousingWire.
Ocwen Financial Corporation reported a $58 million profit in the first quarter, even though it lost money in forward originations.
The post Servicing portfolio propels Ocwen to profitability in Q1 appeared first on HousingWire.
TransUnion, one of the three large credit bureaus, never wanted to be in litigation with its regulator the Consumer Financial Protection Bureau.But the Chicago-based credit reporting agency is fighting back in court after the CFPB sued the company and a former executive in April for allegedly violating a previous 2017 order. The lawsuit is being closely watched because TransUnion already paid a $3 million fine and $13.9 million in restitution to consumers to resolve the 2017 order— only to b...
TransUnion, one of the three large credit bureaus, never wanted to be in litigation with its regulator the Consumer Financial Protection Bureau.But the Chicago-based credit reporting agency is fighting back in court after the CFPB sued the company and a former executive in April for allegedly violating a previous 2017 order. The lawsuit is being closely watched because TransUnion already paid a $3 million fine and $13.9 million in restitution to consumers to resolve the 2017 order— only to b...
PennyMac notched $129 million in profit during the second quarter as it reduces expenses and relies on servicing to offset declines in origination production.
The post Servicing business carries Pennymac in Q2 2022 appeared first on HousingWire.
PennyMac notched $129 million in profit during the second quarter as it reduces expenses and relies on servicing to offset declines in origination production.
The post Servicing business carries Pennymac in Q2 2022 appeared first on HousingWire.
Industry News
Wells Fargo Wins In Court
Steve Goode
Jul 14, 2022
One lawsuit dismissed, another allowed to move forward on limited grounds
KEY TAKEAWAYS
The victory was announced earlier this week in a 68-page decision written by U.S. District Judge Katherine Polk Failla for the Southern District...
Industry News
Wells Fargo Wins In Court
Steve Goode
Jul 14, 2022
One lawsuit dismissed, another allowed to move forward on limited grounds
KEY TAKEAWAYS
The victory was announced earlier this week in a 68-page decision written by U.S. District Judge Katherine Polk Failla for the Southern District...