CFPBÂ expectations outlined for servicing transfers | Nationstar affiliate cutting mortgage jobs

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CFPB Expectations Outlined for Servicing Transfers preview | full story When the servicing on a home loan is being transferred, both the new servicer and the old servicer have certain obligations in order to ensure a smooth process for the borrower. www.mortgagedaily.com/stories/CfpbServicing081914.asp Nationstar Affiliate Cutting Mortgage Jobs preview | full story A financial services firm is unloading mortgage assets and eliminating mortgage jobs in North Texas. The company is affiliated with Nationstar Mortgage LLC -- which, itself, is laying off North Texas employees. www.mortgagedaily.com/stories/LayoffsSpringleaf081914.asp Class Action Seeks to Shelter Strategic Defaulters preview | full story Class action certification is sought on a lawsuit filed on behalf of a borrower whose Florida property was foreclosed on and is now being sued for a deficiency balance even though he has moved to another state. www.mortgagedaily.com/stories/MctLawsuitFlDeficiencies081914.asp Mortgage Advertising read more Put your company's ad on this e-mail newsletter. read more | e-mail | 800.511.5204 | www.mortgagedaily.com/advertise.asp Housing Starts Exceed Expectations preview | full story A report on new home construction was stronger than had been expected by economists, breathing some life back into the nation's real estate market. www.mortgagedaily.com/stories/MctRealEstate081914.asp Serious Mortgage Delinquency Declines preview | full story The serious delinquency rate on first mortgages and junior liens moved lower last month and was also improved from a year earlier. Consumer delinquency plunged in Los Angeles. www.mortgagedaily.com/stories/Delinquency081914.asp Biggest Mortgage Lenders Make Healthy Gains preview | full story Home lenders saw a healthy quarter-over-quarter increase in mortgage production -- with some companies making bigger gains than others. There was some jockeying for position among the top-10 players. www.MortgageDaily.com/stories/Originations081914.asp Bank Sues BofA Over Handling of Servicing preview | full story A small financial institution has filed a lawsuit against Bank of America Corp. over its handling of the servicing of loans acquired from Countrywide Home Loans. www.mortgagedaily.com/stories/MctLawsuitBofA081814.asp Nationstar Reducing Servicing Staff preview | full story Increased efficiency within its residential loan servicing division has Nationstar Mortgage LLC cutting mortgage jobs in three states. www.mortgagedaily.com/stories/LayoffsNationstar081814.asp Servicing Off at Ocwen, U.S. Staffing Sinks preview | full story Although originations edged up at Ocwen Financial Corp., the servicing portfolio shrank. U.S. staffing was down, though offshore employment soared. www.mortgagedaily.com/stories/OcwenProduction081814.asp BofA's Countrywide Losses Exceed $50 Billion preview | full story Bank of America Corp.'s 2008 acquisition of Countrywide Financial Corp. has cost it $50 billion, and the total continues to grow. www.mortgagedaily.com/stories/MctBofACountrywide081814.asp

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