Ocwen: Mortgage bond investors mislead public, push foreclosures

Ocwen: Mortgage bond investors mislead public, push foreclosures

Fires back at “baseless, groundless” charges of mortgage payment negligence

California settlement puts Ocwen on a leash

Prohibited from acquiring California MSRs without state’s approval

Monday Morning Cup of Coffee: Ocwen settles "frustrating skirmish" with California

But that's just over file access, not file content
W S
Servicing / The Ticker

Oakland battles anti-foreclosure plan

caution
/ Print / Reprints /
| Share More
/ Text Size+

According to the Oakland Local, the Oakland City Council is debating whether it should support Richmond, Calif.'s out of the box anti-foreclosure proposal.

A resolution first offered by Council member Desley Brooks in two separate Rules Committee meetings last month was rescheduled for Nov. 19 following a motion by Kalb who said he still needed time to understand the intricacies of Richmond’s controversial plan to aid owners of underwater mortgages.

Tuesday’s arguments were rooted in a legal council procedure allowing a workaround by Brooks to finally get the Richmond foreclosure resolution on the council’s agenda. Council President Pat Kernighan referenced the maneuvering, saying, “The reason you are hearing discord because this item never went to committee.”

Source: Oakland Local
Read full story

Recent Articles by HousingWire Staff

Comments powered by Disqus