The PHH case is back at the CFPB, and the real estate industry is keeping close tabs on it-waiting to see whether the CFPB’s new leadership reups the enforcement action or lets the mortgage servicing.
Safeguard Properties calls $1M settlement an amicable resolution -Alternative dispute resolution (ADR), a technique for resolving a legal dispute without litigation In arbitration, the parties to a dispute agree to be bound by the decision of an independent third party In mediation, a neutral third party tries to arrange a settlement without resorting to litigation
At the end of August, PHH announced that it recently received notice from HSBC Bank that it plans to sell the mortgage servicing rights on approximately 139,000 mortgage loans currently.
HSBC yanks massive PHH mortgage servicing portfolio . Fraudstoppers.org PHH disclosed Thursday that it recently received notice from HSBC Bank that it plans to sell the mortgage servicing rights on approximately 139 000 mortgage loans currently subserviced by PHH Mortgage Corporation a wholly-owned subsidiary of PHH on behalf of HSBC.
Rising interest rates may cut banks mortgage future short First American buys Interthinx · First American Financial earlier also adopted the inorganic route to ramp up its growth profile. In March last year, the company acquired interthinx, Inc. from Verisk Analytics, Inc. VRSK .