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Latest Mortgage servicing rights Stories

2011-07-06 15:30:00

JACKSONVILLE, Fla., July 6, 2011 /PRNewswire/ -- Lender Processing Services, Inc. (NYSE: LPS) today announced that Jeffrey S. Carbiener is stepping down from his positions as chief executive officer, president and director of the company for significant health-related reasons, effective immediately. LPS' board of directors has established a committee to search for a replacement. In the interim, Lee A. Kennedy, the executive chairman of the board of LPS and the former chief executive...

2011-06-20 06:00:00

DALLAS, June 20, 2011 /PRNewswire/ -- Mortgage servicing litigation increased 88 percent during the first quarter, according to the latest Mortgage Litigation Index from MortgageDaily.com. However, investor-related litigation activity eased, fewer loan modification actions were tracked and the overall level of mortgage-related litigation held steady. There were 151 mortgage-related lawsuits tracked in the First Quarter 2011 Mortgage Litigation Index. No change occurred from the prior...

2011-06-16 00:00:28

PublicRecordsFInder.com Urges Citizens to be on the Lookout for a Scam Designed to Steal Mortgage Payments from Unsuspecting Homeowners (PRWEB) June 15, 2011 PubicRecordsFinder.com, a leading provider of public record and people search services, warns homeowners to be careful of a scam that can steal their mortgage payments from underneath their noses. According to a recent article from the Los Angeles Times, con artists are sending letters to homeowners instructing them to begin sending...

2011-03-15 00:00:29

With Arizona poised to become the first state in the nation legislating chain-of-title proof of mortgage ownership prior to foreclosure, Global Debt Registry (GDR) offers a proven solution already in use by more than 60 accounts-receivable clients and servicing entities in all 50 states. The company offers its expertise to lenders, legislators, legal interests, and consumer advocates seeking a proven, carefully measured solution to the issues facing the debt industry today. Wilmington, DE...

2011-02-24 11:33:00

LAKE FOREST, Calif., Feb. 24, 2011 /PRNewswire/ -- RES.NET, an infrastructure of diverse real estate professionals and supporting software applications, has released their much anticipated Short Sale Portal. The new portal provides Mortgage Servicers with critical tools to manage the short sale workflow process, and to connect with their borrowers and representing listing agent. Because of the paperless system design of the portal, agents will be able to cut down on the use of fax...

2011-02-09 14:31:12

One factor, little-known by borrowers, can play a large role in whether banks are willing to renegotiate mortgages with homeowners who are struggling to meet payments. Unfortunately, it is a factor that homeowners have no control over. Researchers found that mortgages owned by lenders were 26 to 36 percent more likely to be renegotiated than very similar mortgages that the original lenders sold to other companies, which turned them into securities. "Homeowners don't have a say in whether...

2011-02-08 09:14:00

IRVINE, Calif., Feb. 8, 2011 /PRNewswire/ -- DecisionReady, a provider of default servicing compliance solutions, announced it now has reviewed one million delinquent residential mortgage loans for loss mitigation and foreclosure process and policy compliance for leading servicers. The DecisionReady technology platform offers end-to-end compliance for every stage of default servicing--from early stage delinquency through loss mitigation, foreclosure and the post-sale process. In today's...

2010-12-15 08:40:00

NEW YORK, Dec. 15, 2010 /PRNewswire/ -- FreeMortgageFix.com (www.FreeMortgageFix.com) announced today the launch of the first ever free online software for the creation of personalized mortgage modification applications for submission to the users' home mortgage lender under the federal Home Affordable Modification Program (HAMP) and lender specific programs. With over 930,000 properties in the United State in some stage of foreclosure, the HAMP Loan Modification Program was developed as...

2010-11-08 05:00:00

DALLAS, Nov. 8, 2010 /PRNewswire/ -- Mortgage lenders are ranked based both on how many new loans they originate and how many loans they service. By those measures, the biggest originator of home loans is based on the West Coast, while the biggest mortgage servicer is based on the East Coast, according to the Third Quarter 2010 Mortgage Lender Ranking from Mortgage Daily. Mortgage originations represent transactions where the purchase of a home is financed or an existing mortgage is...

2010-10-28 15:45:00

JACKSONVILLE, Fla., Oct. 28 /PRNewswire-FirstCall/ -- Lender Processing Services, Inc. (NYSE: LPS), a leading provider of integrated technology and services to the mortgage and real estate industries, has named Tom Schilling as executive vice president and chief financial officer. Schilling joins LPS with more than 20 years of experience both as a public company CFO and chief operating officer at companies including USA Mobility, Cincinnati Bell's Broadwing and MCI. He has Bachelor of...


Word of the Day
tesla
  • The unit of magnetic flux density in the International System of Units, equal to the magnitude of the magnetic field vector necessary to produce a force of one newton on a charge of one coulomb moving perpendicular to the direction of the magnetic field vector with a velocity of one meter per second. It is equivalent to one weber per square meter.
This word is named for Nikola Tesla, the inventor, engineer, and futurist.