Mortgage Servicers

A mortgage servicer is a company to which some borrowers pay their mortgage loan payments and which performs other services in connection with mortgages and mortgage-backed securities. The mortgage servicer may be the entity that originated the mortgage, or it may have purchased the mortgage servicing rights from the original mortgage lender.
Posts about Mortgage Servicers
  • OCWEN – The Ugly Beast is Still Alive (Whistleblower Post)

    … to take insurance premiums from escrow causing the borrower’s insurance policies to lapse. Worse, often Ocwen would purchase force-placed insurance at exorbitant rates. These policies typically afford minimal coverage, have high deductibles and cause monthly mortgage payments to soar. Unnecessary Flood Insurance: The state says Ocwen forced some…

    Due Diligence- 14 readers -
  • Unwanted Mortgage Company Telemarketing Calls – TCPA Post

    … Telemarketing Calls The Telephone Consumer Protection Act (TCPA for short) protects consumers from unwanted telemarketing calls. Mortgage companies and mortgage servicers already have a partial exemption. The law allows these companies to contact people on the do not call list in an emergency and for debt collection purposes. (A different set…

    Due Diligence- 14 readers -
  • Who Wants a Free House? Applying Res Judicata to Foreclosure Cases

    … servicers make errors and omissions in the documentation of mortgage loans and cannot provide even the most basic proof of mortgage or note ownership. Many homeowners defend against foreclosure actions based on inadequate proof of ownership or documentation to support a prima facie foreclosure claim, and the courts may dismiss the foreclosure…

    Ronald D. Weiss, PC- 20 readers -
  • Who Wants a Free House? Applying Res Judicata to Foreclosure Cases

    … As the backlog of judicial foreclosure cases grew substantially in recent years in states such as New York, New Jersey, and Florida, many homeowners found their cases dragging on for years or even ignored altogether by their mortgage lenders. As the statute of limitations began to run on foreclosure actions, some homeowners found themselves…

    Ronald D. Weiss, PC- 11 readers -
  • The Standing Dead: Law Tackles the Plague of Zombie Properties in New York

    … with an Experienced Long Island Foreclosure Defense Lawyer If you receive notice of default or foreclosure, it can be difficult to understand your rights and options. If you are facing foreclosure in or around Long Island, Nassau, or Suffolk, you should not wait to discuss your situation with a highly skilled New York foreclosure attorney. Contact the Law Office…

    Ronald D. Weiss, PC- 14 readers -
  • Overview of Foreclosure Bill of Rights for New York Homeowners

    … hearings, and any other proceedings These are only some examples of what is included in the consumer Bill of Rights and there are also rights during settlement conferences, after a loss mitigation or settlement agreement, and after a foreclosure judgment and sale. Consult with a Long Island Foreclosure Defense Attorney Today Having a skilled New…

    Ronald D. Weiss, PC- 13 readers -
  • Wells Fargo Hits a New Low (Bank Whistleblower Post)

    … 2012 Wells Fargo was one of five large mortgage servicers that agreed to pay a total of $25 billion to settle claims of wrongful foreclosures. Wells Fargo’s share was $5.35 billion. One year later, the New York Attorney General sues after claiming the state received a “significant number of complaints regarding…flagrant violations…

    Due Diligence- 34 readers -
  • CFPB Takes New Steps To Protect Mortgage Borrowers

    … CFPB Takes New Steps To Protect Mortgage Borrowers Posted on Aug 05, 2016 By Ed Woods August 5, 2016 by Ed Woods Yesterday, the Consumer Financial Protection Bureau (CFPB) issued a final rule designed to help struggling mortgage borrowers. The new rule amends the 2013 Mortgage Rules under the federal Real Estate Settlement Procedures Act…

    Ed Woods/ Bond and Botes- 20 readers -
  • St. Louis Mortgage Violations

    … Mortgage servicers handle loan modification applications from homeowners. Unfortunately, mortgage servicers often make serious errors when processing loan modification requests including: Failing to Process the Application in Timely Many homeowners have experienced lengthy delays when waiting for the servicer to make a decision on whether… 12 readers -
  • Has the Foreclosure Crisis Ended?

    …. Although, private banks, mortgage services and the government’s Home Affordable Modification Program have offered in excess of 1.8 billion loan modifications that reduce principal indebtedness and sometimes mortgage debt forgiveness, many of the recipients of this good fortune have fallen on hard times again and have defaulted on their modified…

    Amy Tanner/ Bond and Botes- 31 readers -
  • Looking for CENLAR Insider

    … Cenlar FSB bills itself as the “nation’s leading loan serving provider.” Their website claims the company “earned a reputation for excellence and dedication to client service.” Unfortunately, their clients are big banks and mortgage trusts, not the tens of thousands of homeowners who rely on them for loan serving. We are investigating…

    Due Diligence- 22 readers -
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