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  • Ocwen facing CFPB investigation, potential fine for servicing practices

    It’s been nearly three years since Ocwen Financial agreed to offer $2 billion in consumer relief and pay up to $127.3 million to settle a Consumer Financial Protection Bureau investigation into its servicing practices. But it looks like Ocwen may not be done with the CFPB yet, as the company revealed Thursday that the bureau is currently investigating the company’s mortgage servicing practices, which could lead to a fine and/or other disciplinary action. Click the headline to read more.

Real Estate The Ticker

Are local housing markets recovering too quickly?

Report sounds the alarm on market frothiness

While housing bubble concerns are overblown, there are cities where the pace of recovery is perhaps too strong, given current market dynamics, CNBC reports. 

The news publication is sounding the alarm on potential bubble territories:

"Nationwide, the housing market is not in a bubble. But there are probably some markets that are at risk for getting into bubble territory if they continue at the pace that they're going," said Daren Blomquist, vice president at RealtyTrac.

Source: CNBC

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