Ocwen Chairman Erbey resigns as company admits misconduct

Ocwen Chairman Erbey resigns as company admits misconduct

Company to pay $150 million to homeowners

Existing home sales collapse 6.1% in November

Tumble comes amid record low declining rates, prices

Monday Morning Cup of Coffee: Oil’s crash will impact MBS market

Mortgage fraud is still a problem, plus the gift of housing metrics
W S
Investments / The Ticker

BofA MBS trial adjourned until Nov. 14

gavel and book
/ Print / Reprints /
| Share More
/ Text Size+

Bank of America’s (BAC) $8.5 billion mortgage-backed securities settlement case is on hold once again. The hearing was officially delayed until Nov. 14. Per Seeking Alpa:

Attorneys for AIG and the other "objectors" have one more witness for the stand, and the settlement supporters may, or may not call rebuttal witnesses.

The "objectors" also have made a motion for additional discovery based on new evidence coming to light during the trial, but the judge hasn't yet ruled on this.

Source: Seeking Alpha
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus