Rising Realty Partners has gone into special servicing for a $300 million loan linked to a 42-story office building in Downtown Los Angeles. The locally based investor went into special servicing for... Read more »
Lennar Mortgage, a financial services subsidiary of Lennar Corp., will move its servicing operations to the industry-leading MSP loan servicing system from ICE Mortgage Technology, ICE announced on Monday. With Lennar already... Read more »
The Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) announced this week that they have filed an amicus brief in the U.S. Court of Appeals for the Eleventh Circuit,... Read more »
The U.S. Department of Veteran Affairs is still moving forward with its servicing purchase program, despite a hearing in the U.S. House Committee on Veterans Affairs last week raising uncertainties about its... Read more »
Warburg Pincus-backed fintech Sagent launched on Wednesday its new servicing software platform called Dara, which has a single real-time database and user experience across the entire core, consumer and default servicing life cycle, according... Read more »
Analysts in the mortgage industry are projecting that 2024 will be a better year than 2023 across the board. In a HousingWire report, analyst firm Jeffries said that they believe the worst... Read more »
Jamison Properties’ loan on an office complex in Encino has been sent to special servicing, after the landlord disclosed it would need more time to figure out a way to refinance it,... Read more »
Cenlar FSB, the second-largest mortgage servicer and largest subservicer in the U.S., has partnered with financial services-focused data and analytics company BaseCap Analytics to pilot a new program designed to enhance regulatory... Read more »
Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra has made the rounds this week on Capitol Hill, providing testimony to Congress in their semi-annual reviews of the CFPB. On Thursday, Chopra took... Read more »
The servicing segment drove most of Pennymac Financial Services’s earnings in the third quarter of 2023, just like its peers, Mr. Cooper and Rithm Capital. Profits at the California-based lender increased by 60% from July to... Read more »