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Rithm Capital Acquires Computershare Mortgage Services

Rithm Capital Acquires Computershare Mortgage Services

by Phil Hall | Oct 2, 2023 | Current News & Events, Real Estate News, WRE News Exclusive

New York City-based Rithm Capital Corp. (NYSE: RITM), an asset manager focused on the real estate and financial services industries, has entered into a definitive agreement with Australia’s Computershare Ltd. (ASX: CPU) to acquire Computershare Mortgage Services Inc....
Daniel Wallace Named CEO at Haven Servicing

Daniel Wallace Named CEO at Haven Servicing

by Phil Hall | Sep 20, 2023 | Current News & Events, Real Estate News, WRE News Exclusive

Haven Servicing Inc., a New York City-based mortgage servicing technology provider, has named Daniel Wallace as its new CEO. Wallace succeeds company co-founder Jonathan Chao, who will transition to the role of chief product officer. Wallace joins Haven from Figure...
Bayview Asset Management Creates Insurance Asset Management Division

Bayview Asset Management Creates Insurance Asset Management Division

by Phil Hall | Aug 28, 2023 | Current News & Events, Real Estate News, WRE News Exclusive

Bayview Asset Management has announced the creation of an insurance asset management business. The new division will be led by Chief Investment Officer Nancy Mueller Handal, who previously served as the head of private fixed income and alternatives at MetLife, where...
JD Power: Mortgage Servicing Customer Satisfaction Down Amid Financial Stress

JD Power: Mortgage Servicing Customer Satisfaction Down Amid Financial Stress

by Phil Hall | Jul 27, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The combination of elevated mortgage rates and an inflation-heavy economy has created a financial strain and growing unhappiness with customer service among mortgage servicing customers, according to the J.D. Power 2023 U.S. Mortgage Servicer Satisfaction Study. This...
CFPB Enacts $25M Penalty Against ACI Worldwide for Servicing Errors

CFPB Enacts $25M Penalty Against ACI Worldwide for Servicing Errors

by Phil Hall | Jun 27, 2023 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Consumer Financial Protection Bureau (CFPB) issued an order against Elkhorn, Nebraska-headquartered ACI Worldwide (NASDAQ:ACIW) and its subsidiary ACI Payments for improperly initiating approximately $2.3 billion in unlawful mortgage payment transactions....
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