Fannie Mae Updates Reverse Mortgage Loan Servicing Manual
In an effort to help reverse mortgage servicers with post-foreclosure sale responsibilities and fees, Fannie Mae has updated its loan servicing manual regarding real estate owned (REO) inventory. Under...
View ArticleRMS Parent Receives Second Warning from NYSE
Embattled mortgage servicer Walter Investment Management Corporation (NYSE: WAC) received a second de-listing notification from the New York Stock Exchange, this time over a dwindling market...
View ArticleNationstar Mortgage Officially Rebrands as ‘Mr. Cooper’
More than a year after first internally announcing the name change, Nationstar Mortgage Holdings Inc. (NYSE: NSM) on Monday officially rebranded its operations as “Mr. Cooper.” The Coppell, Texas-based...
View ArticleWells Fargo Closes Book on Reverse Mortgages with Final Servicing Transfer
Wells Fargo (NYSE: WFC) will complete the transfer of all remaining reverse mortgages in its servicing portfolio to Champion Mortgage on September 1, ending an era in the Home Equity Conversion...
View Article‘Victims of a Past System’: WaPo Looks at Reverse Mortgage Foreclosures
The Washington Post on Friday analyzed several stories of seniors facing reverse mortgage foreclosures, incorporating the voices of both Home Equity Conversion Mortgage supporters and those who have...
View ArticleLabor Day Round-Up: HUD’s Major Reverse Mortgage Shake-Up
After a blockbuster week in the world of reverse mortgages, you’ve earned a relaxing Labor Day weekend. All of us at RMD wish you a wonderful break, and don’t forget to take a second to tip your cap to...
View ArticleHow Servicers, Originators Can Prevent Reverse Mortgage Defaults
The reverse mortgage industry has been under scrutiny in recent weeks over tax-and-insurance defaults, with the Washington Post highlighting several seniors’ issues with servicers and the Department of...
View ArticleReverse Mortgages and Hurricanes: How to Handle a Natural Disaster
Hurricane Irma caused extensive property damage to homes throughout Florida and the rest of the Southeast, and Home Equity Conversion Mortgage lenders could find themselves in a tricky situation if...
View ArticleOcwen Inks Deals with 10 States to Restore Servicing Rights
Just one day after Illinois and Montana announced agreements with Ocwen Financial Corporation (NYSE: OCN) to lift mortgage servicing and origination restrictions, the servicer made deals with eight...
View ArticleA Servicer Responds to Originators’ Calls for Change
By Mary Katherine QuasaranoVice President of Learning and Development, Celink Late last month, RMD published an important call to action for those in the servicing industry, an article titled “Reverse...
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