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
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Wells Trims Subprime Mortgage Unit

The Charlotte Observer is breaking what will be a widely-covered news story in the industry; that Wells Fargo is trimming its subprime mortgage unit in response to market conditions. Watch HW tomorrow for updates.

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