Breaking News
  • Ocwen now one giant step closer to acquiring MSRs again after new NYDFS agreement

    For more than two years, Ocwen Financial has been prohibited from acquiring new mortgage servicing rights in bulk, thanks to the company’s $150 million settlement with the New York Department of Financial Services. Now, it appears that Ocwen could be on the brink of returning to the MSR market full force, after the nonbank announced Monday that it reached a new agreement with the NYDFS. Click the headline for the full story.

Obama names new acting head of FHA

President Obama has named Carol Galante as the acting commissioner of the Federal Housing Adminstration, effective Tuesday. The appointment makes Galante, 56, the second consecutive acting commissioner since April to head the agency, which guarantees residential mortgage loans for low-income borrowers. She was previously deputy assistant secretary for multifamily housing at the FHA’s parent, the Department of Housing and Urban Development.

Reprints

Services Guide

Comments powered by Disqus