EverBank has agreed to acquire MetLife Bank's Warehouse Finance business. Financial terms of the transaction were not disclosed. The acquisition, which is expected to close in the first half of 2012, will leverage EverBank's residential lending expertise and increase EverBank's assets by … [Read more...]
Fannie Mae: Chase, PHH Mortgage and U.S. Bank Show Making Servicing Strides
December 15, 2011 by
Fannie Mae has announced the results of its Servicer Total Achievement and Rewards (STAR) Program through the third quarter of 2011, measuring the performance of servicers with an emphasis on foreclosure prevention. Encouraging servicer improvements through the STAR Program is an important … [Read more...]
OCC Releases Report on Servicers Repairing Weak Foreclosure Practices
November 22, 2011 by
The Office of the Comptroller of the Currency (OCC) has issued a report on the actions by 12 national bank and federal savings association mortgage servicers to comply with consent orders issued in April 2011 to correct deficient and unsafe or unsound foreclosure practices. “ Interim Status … [Read more...]