CFPB wants more mortgages in "underserved" areas

CFPB wants more mortgages in "underserved" areas

And here's how they will get it done

Fitch warns Ocwen-related RMBS deals face major downgrade

Placed on “Rating Watch Negative”

WATCH: Famous televangelist gives terrible reverse mortgage advice

Let's clear this up for Maria
W S

News

Home Loan Servicing Solutions fires back at mortgage-negligence claims

Ocwen associate answers charges from hedge fund
Ben Lane
Home Loan Servicing Solutions is joining with associate Ocwen Financial, in the fight against investors who claimed that the companies breached their mortgage bond covenants, and is accusing the investors of attempting to profit on their stock holdings in HLSS as opposed to actually caring what happens with the mortgage bonds.
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Mortgage interest rates slide in FHFA December index

Average slips below 4% in last weeks
Trey Garrison
Nationally, interest rates on conventional purchase-money mortgages decreased from November to December. Here’s what happened.
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Mortgage risk for agency loans hits record high in December

VA and FHA loans hit series high
Trey Garrison
The risk of mortgage defaults on agency loans is growing, reaching a new high in December, and with coming changes it may get worse. Here's the skinny.
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New FHA guidelines to delay reverse mortgage foreclosures

HECM spouses get to stay for longer
Ben Lane
The U.S. Department of Housing and Urban Development and the Federal Housing Administration announced changes to its reverse mortgage program designed to keep non-borrowing spouses during the foreclosure process.
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CFPB wants more mortgages in "underserved" areas

And here's how they will get it done
Brena Swanson
Right now there are few players in the rural and underserved mortgage lending space. But the Consumer Financial Protection Bureau is now pushing to change that.
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Ally reports FY14 net income of $1.2B

Fully exited TARP, returns $19.B to Treasury
Trey Garrison
Ally had a good year, with improved profits and a full payback of TARP funds. Here’s what happened.
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Swanepoel lists the 200 most powerful people in real estate

Zillow, Realogy top the list
Brena Swanson
The list of who's who in residential real estate is here. Names like Glenn Kelman, CEO and president of Redfin, and Dale Stinton, CEO of the National Association of Realtors, can be found amid the list, with the first and second place names coming off as no surprise.
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Freddie Mac: Mortgage rates reverse course, move higher

Still hover around yearly lows
Brena Swanson
Mortgages rate finally reversed course and slightly edged higher. However, despite the increase, rates remain at the lowest levels since May 2013.
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Homeownership hits 20-year low in 4Q14

Level buoyed by delinquencies
Homeownership in the fourth quarter hit a 20-year low. Here's what's happening.
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Pending home sales see second biggest monthly drop since May 2010

NAR thinks it may be time for existing owners to trade up
Trey Garrison
Pending homes sales stalled out in December, the worst monthly drop since May 2010. Here's what happened and what it portends.
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