Ocwen Downgrade Puts RMBS at Risk Moody’s and S&P downgraded Ocwen’s servicer quality rating last week after the New York Department of Financial Services made “backdating” allegations. Barclays says the downgrades could put some RMBS at risk of a servicer-driven default. Go here for the full article by Nora Colomer
Evidence Suggests MERS Was Conceived in a “Fraud Friendly” Way Bank of America’s Assignment and Blank Endorsement Were Insufficient to Transfer Ownership Interest 2014-10-16 – Nash – Final Judgment Bank of America, N.A. Successor by Merger to BAC Home Loans Servicing, LP fka Countrywide Home Loans Servicing, LP v. Nash, Case No. 49-2011-CA-004389, In […]
Reuters reports in the Fiscal Times regarding special features of the newest regulatory action taken against Flagstar related to servicing default loans, with the full article here: CFPB has in the past sanctioned mortgage servicers for similar violations, with limited success. This time, in addition to fining the bank $37.5 million (the bulk of which […]
Beth Findsen Attorney 