Real Estate

Monday Morning Cup of Coffee: Judge tosses Ocwen, Altisource kickback lawsuit

Calls alleged actions "extremely troubling," but says case doesn’t hold up
It’d be pretty safe to say that Ocwen Financial struggled the past few years. But, the company got a little bit of good news last week, when a judge dismissed a lawsuit accusing Ocwen and Altisource Portfolio Solutions of overcharging homeowners for service. The question now becomes are the company’s next steps forward? Backward? Or right into the eye of another storm? All that and more in your Monday Morning Cup of Coffee.
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Houston Realtors warned to be on lookout for "foot fetish creep"

Man tells agents to remove their shoes for better cell phone reception
Houston-area Realtors and real estate agents, especially female ones, need to be on the lookout for a “foot fetish creep” who is targeting local agents, the Houston Association of Realtors warned its members. While the man is on the phone with a female agent, he asks the agent to describe her footwear and will usually request that she take off her shoes for “improved cell phone reception.”
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Oregon couple forced out of tiny home

Deemed unsuitable for land it’s on
The city named a tiny home in a residential neighborhood unfit for the land that it’s on. Now, despite housing shortages in the area, the couple was evicted from their home. These homeowners claim the government is going after the wrong people.
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Washington hits Ocwen with fine for using unlicensed offshore companies

Ocwen to pay $900,000; only use licensed entities to service Washington loans
Ocwen Financial will pay $900,000 to the state of Washington after an investigation conducted by the state found that Ocwen used unlicensed companies in India and the Philippines to service mortgages, the state’s financial regulator announced Thursday. Here are the details.
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Natural hazard risk holding back home sales

But home prices are higher in high-risk areas
Home sales in high-risk areas are significantly lower than home sales in areas with lower risks. While this may not come as much of a surprise, people are still paying for homes in these high-risk areas. So, what's the difference?
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