Ocwen Chairman Erbey resigns as company admits misconduct

Ocwen Chairman Erbey resigns as company admits misconduct

Company to pay $150 million to homeowners

Ocwen CEO unveils company’s new direction

Plans to exit agency servicing; increase mortgage originations

This Des Moines court case may change the Freddie, Fannie investor sweep

Judge will rule whether Continental Western Insurance has standing
W S

Investments

Wells Fargo sued over subprime securities

HSBC, other banks also tied to lawsuit
Brena Swanson
This time Wells Fargo and several other top banks were sued by an Irish securities firm, which claimed the banks failed to protect investors from home loans that defaulted after the financial crisis.
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Fidelity National planning Black Knight IPO

Company files registration statement with SEC
Ben Lane
In what constitutes a "Back to the Future" moment for Fidelity National, the company is planning an initial public offering of stock in its subsidiary, Black Knight Financial Services. If approved, the company would trade on the New York Stock Exchange under the ticker symbol "BKFS."
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S&P close to settlement on real-estate bond ratings

Ratings company faces fine and suspension
Brena Swanson
Standard & Poor’s Ratings Services is finally nearing a settlement with regulators over their investigation of how the company graded real-estate bonds, potentially impacting the rating company's ability to perform certain ratings deals.
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RealtyTrac: Buying more affordable than renting most everywhere

Well, everywhere but where millennials are moving most
Trey Garrison
Renting is more expensive than buying in most markets, except, notably, where millennials are moving most. Here's the rundown.
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Consumer sentiment rises strongly from November

Confidence grew stronger as weeks passed
Trey Garrison
Consumer sentiment picked up in December, after a disappointing November. Here's how it broke out.
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Realtor.com’s 10 most popular neighborhoods in 2014

Want to know where buyers are looking?
Trey Garrison
What neighborhoods drew the most interest and why. Realtor.com knows, and now so do you.
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Realtor.com: Jobs, low interest and tight inventory set stage for 2015 growth

Online listing giant chief economist sees positive fundamentals
Trey Garrison
The past is prologue, they say, and Realtor.com's chief economist Jonathan Smoke looks back at 2014 trends, and what will shape 2015.
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FHFA: House prices post meager gains in October

Little movement as housing slows
Trey Garrison
House prices in October ticked up a little, but it was a lot like September's flat reading. Here are the details from the Federal Housing Finance Agency.
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Here’s what Ocwen did wrong

A deeper dive into the NYDFS allegations and settlement
Ben Lane
Many industry observers were waiting for the other shoe to drop when it came to Ocwen, and Monday it finally fell, right onto the head of William Erbey, Ocwen’s now-former chairman. A deeper look at the NYDFS investigation reveals just what Ocwen did wrong and the additional sanctions that could crush Ocwen’s business.
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What the Ocwen agreement means for Ocwen and beyond

Q&A with KBRA’s Christopher Whalen
Trey Garrison
The announcement that Ocwen Financial is admitting to wrongdoing and paying $150 million rocked the mortgage finance and servicing space. KBRA's Chris Whalen weighs in on what it means going forward for Ocwen and the mortgage industry.
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