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
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Lending

United Wholesale Mortgage launches own LOS

Unveils a new type of origination software
Brena Swanson
As one of the reported top wholesale lenders in the industry, United Wholesale Mortgage took on the challenge of releasing its own loan origination system. The result takes into account standard elements, along with new unique features.
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Sindeo's twist on modern mortgage lending

Hires 4 new executives to bolster growth
Brena Swanson
Although the industry is moving online, Sindeo’s new mortgage model adds its own spin on the standard online application, one that views a loan officer as a necessity.
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January existing home sales come in flat compared to December

2015 sales expected to pick up where 2014 left off
Trey Garrison
Auction.com's Nowcast provides an early peek at existing home sales for January, and compared to December's number, it's like the highway between Dallas and Fort Worth — no curves. Here are the details.
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D.R. Horton beats expectations, 1Q revenue jumps 38%

Well-positioned for spring selling season
Brena Swanson
D.R. Horton fared well in the first quarter, with its homebuilding revenue jumping 38% to $2.3 billion, putting it in a strong position to enter the spring selling season.
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Zillow plans event to “hack” housing

Offers $10,000 prize for creative solutions to jumpstart market
Ben Lane
Zillow is planning a weekend “hackathon” where developers will be challenged to invent the most innovative way to make it easier for buyers to find an affordable home. The prize for the most creative idea? $10,000.
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Rarity: BofA celebrates new branch opening in Denver

Opens new location in new market
Jacob Gaffney
News comes as bank continues to ditch hundreds of branches in many other markets. The bank is also experimenting with simpler "express" branches, those that do not employ tellers.
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Greystone adds Raphael Inzlicht as VP of development

Tasked with leading new construction projects in NYC
Ben Lane
Greystone, a New York-based real estate development and financial group, added Raphael Inzlicht as the company’s new vice president of development. In this role, Inzlicht will lead new ground-up construction projects in New York’s five boroughs.
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This housing market will never be saved

Six years later, still struggling
Brena Swanson
According to one bold housing columnist, housing will never spring back to its pre-recession levels. Despite all the government’s best attempts to spur activity again, these headwinds will remain.
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Freddie Mac: Hybrid ARMs are “hot”

Annual Adjustable-Rate Mortgage Survey shows impact of low interest rates
Ben Lane
Hybrid adjustable-rate mortgages continue to be the most popular ARM loan product offered by lenders and chosen by borrowers, according to the 31st Annual Adjustable-Rate Mortgage Survey of prime loan offerings from Freddie Mac.
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4 reasons borrowers need to refinance now

Is it time for a refi boom?
Brena Swanson
Mortgage rates are dropping to record lows once again, creating a similar push to refinance as that seen two years ago. And despite the huge portion of people that chose to refinance at that time, there are still a handful of reasons for why now is still a good, or necessary, time to refinance.
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