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On the heels of a rather steep drop in earnings by quarterly and annual comparisons, Mr. Cooper announced it is acquiring a 20% stake in mortgage servicing technology provider Sagent in exchange for the intellectual property rights for its…
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The owner of a national mortgage training program charged with fraudulently securing and providing certifications to loan officers has agreed to settle with financial regulators in three states. Danny Yen, a real estate agent and owner of…
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A Second Circuit decision, Naimoli v. Ocwen Loan Servicing, issued in January, now provides that a loan servicer’s errors in handling a loss mitigation application are covered errors relating to the servicing of the mortgage — an important…
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