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)

    … and several huge settlements with regulators. In December 2013, the State of California announced a $2.1 billion settlement with the company. That settlement was joined by 48 other states. Last year a whistleblower lawsuit filed by two insiders, one of whom worked as a home retention specialist with Ocwen, was resolved for another multi-million…

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

    … us say they are sick and tired of unwanted mortgage company telemarketing calls. There may be some good news for these folks. The Mortgage Bankers Association recently lobbied the Federal Communications Commission (FCC) for an exemption from the Telephone Consumer Protection Act. Their request was denied! FCC Says “No” to Unwanted Mortgage Company…

    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

    … many lenders cannot provide these simple pieces of evidence to mount a foreclosure. For a variety of reasons, lenders and mortgage 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…

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

    … are requirements put in place for lenders seeking foreclosures on properties under the final regulation published by the New York State Department of Financial Services (NYDFS): Inspect all properties on which homeowners have reached a 90-day delinquency or have been subject to foreclosure. If there is a reasonable basis for the bank or mortgage lender…

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

    … York foreclosure defense lawyer representing you is critical to protect your rights before, during, and after foreclosure. Call the Law Office of Ronald D. Weiss, P.C. at 631-479-2455 for more information about how we can help you. 1 http://www.housingwire.com/articles/38702-new-york-unveils-bill-of-rights-for-borrowers-facing-foreclosure 2 http://www.dfs.ny.gov/consumer/rfa_consumer_bill_of_rights.pdf …

    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- 38 readers -
  • CFPB Takes New Steps To Protect Mortgage Borrowers

    …. The new rule will clarify and revise the 2013 rules. Struggling Homeowners Should Be Treated Fairly The new rule is primarily intended to ensure that homeowners and those struggling to pay their mortgage debt are treated fairly by mortgage servicers. Mortgage servicers are entities that handle various aspects of a consumer’s mortgage account…

    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…

    www.kcarplaw.com- 12 readers -
  • Has the Foreclosure Crisis Ended?

    … A recent CNBC article reports that the number of delinquent mortgages is falling, however, the foreclosure crisis does not appear to be over. Banks are becoming more aggressive with their collection efforts on delinquent mortgages and are pushing hardworking homeowners into foreclosure at a rapid rate instead of offering modification programs…

    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 -