Posts Tagged ‘nationstar mortgage’

Nationstar: A Multi-billion Dollar Settlement over Foreclosure Practices Waiting to Happen

Written on 8 Feb, 2016 at 16:19

Just when I was sure that no servicer could be worse than Wells Fargo or HSBC... here comes Nationstar, a servicer seemingly dedicated to reaching new lows.... (Continue reading)

GUEST POST: Mortgages, now in the hands of specialty servicers, means trouble for homeowners and investors.

Written on 27 Feb, 2014 at 23:06

During the past 12 months, the rights to service millions of home loans have been shifted from large banks like Bank of America, Wells Fargo, Citigroup and Chase to specialty loan servicers like Ocwen Home Loan Servicing, Nationstar and SPS,... (Continue reading)

Tagged with: bank of america CFPB citibank Consumer Finance Protection Bureau diana olick Director Richard Cordray economic recovery economy Fannie Mae Federal Reserve Chairman Ben Bernanke forced place insurance foreclosure crisis foreclosures Former Ohio Attorney General Marc Dann Freddie Mac HAMP jpmorgan chase lender processing services loan modification loan modifications Making Home Affordable Plan mandelman mandelman matters marc dann martin andelman mortgage crisis mortgage refinancing mortgage servicers NACA National Mortgage Settlement nationstar mortgage Ocwen Home Loan Servicing pooling and servicing agreements specialty loan servicers SPS loan servicing trial modifications wells fargo bank

Data shows Nationstar Approves Loan Modifications at Much Lower Rate than Big Banks

Written on 2 Sep, 2013 at 13:35

Look, as a business person, I do understand the impetus here. Bank of America's CEO has a fiduciary duty to maximize shareholder value, and let's face it... servicing mortgages these days simply can't be worth the money involved. ... (Continue reading)