In a consent order with a reverse mortgage servicer on June 18, 2024, the Consumer Financial Protection Bureau (CFPB) made the argument that failing to effectively service loans is abusive. The ...

Taylor Medine is a staff writer at Forbes Advisor who demystifies complex money topics to help everyday people make more informed financial decisions. Over her nearly a decade of experience, Taylor's ...

As the current commercial real estate cycle plays out and the resolution timeline for specially serviced assets lengthens, Morningstar Credit wanted to look at how distressed appraisal valuations have ...

Navient, once one of the country’s largest student loan servicers, has reached a $120 million settlement with the Consumer Financial Protection Bureau (CFPB) — resulting in the company being ...

Efficiency and low costs are the two key metrics in today’s changing market. According to CoreLogic, housing industry and property tax management professionals stay ahead with AI and technology ...

The Department of Education issues Federal loans to students, but it doesn’t work with borrowers directly. Instead, it hires outside loan servicers to shoulder the administrative burden of educational ...

Deal follows February announcement of acquisition of Rushmore parent, Roosevelt Management Co. Rushmore Loan Management Services LLC, a mortgage servicer based in Irvine, Calif., announced Wednesday ...

Solar Servicing LLC, a Subsidiary of Forbright Bank, Will Continue Servicing Existing Loan Portfolio as Usual for Borrowers Solar Servicing LLC (“Solar Servicing” or the “Company”), a wholly owned ...

The Chetrit Group’s office problem, which has stretched from Midtown to Soho, has reached the Financial District. A $151 million loan tied to the firm’s 65 Broadway went to special servicing this ...

The $77 million loan backed by two Chetrit Group mixed-use properties transferred to special servicing this month, after sponsor Jacob Chetrit failed to make a debt payment in January, according to ...

Navient NAVI-0.22%decrease; red down pointing triangle has signed a binding letter of intent to transfer its student-loan servicing to Mohela following an in-depth review of its operations. The ...

The federal Education Department is penalizing one of the country’s largest student loan servicers for failing to send 2.5 million borrowers their billing statements on time. The move against the ...