Consent Order to Alter MERS’, LPS’ Ways of Doing Business
June 10, 2011
Two of the mortgage lending industry’s top service provides, Mortgage Electronic Registration Systems and Lender Processing Services, will not be continuing business as usual, now that federal banking regulators have announced consent orders with the two firms that call for a substantial amount of remediation of significant institutional weaknesses...
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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