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  • Exclusive: Chronos Solutions acquires UPF Services

    Chronos Solutions announced its latest business move, finalizing its acquisition of UPF Services. Matt Slonaker, executive vice president of sales and marketing for Chronos Solutions, first alluded to the acquisition in an interview with HousingWire back in July. Now only a few weeks later, Slonaker and Andrew Gladston, senior vice president of corporate development at Chronos Solutions, revisited with HousingWire to give the full details of the acquisition. Click the headline to read what this means for their mortgage business.

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SEC filing details Ocwen's efforts to rid itself of California mortgage servicing restrictions

With monitor costs mounting, Ocwen moves to settle
Ocwen Financial revealed Wednesday that it is attempting to rid itself of the business restrictions placed upon it by the California Department of Business Oversight, but a Thursday filing with the Securities and Exchange Commission details just how those negotiations are going and why Ocwen is trying to buy its way out of the settlement.
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Expert economists: Latest drop in homeownership no big deal

Don’t worry, buying homes just at lowest since 1965
Although homeownership rates hit their lowest rate since 1965, some experts say that the change reflects more trends in the rental market than in housing. Others, while concurring that the data shows a lot about rental trends in the market, disagree about the gravity of the decreasing homeownership rate.
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Freddie Mac: Mortgage rates continue upward trend

Historically low rates still pushing up
The 30-year fixed-rate mortgage increased again this week, however it does not seem to bother homebuyers as rates are still near historical lows. On the other hand, the 10-year Treasury yield remained flat. Freddie Mac chief economist explains why.
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Exclusive: Chronos Solutions acquires UPF Services

Creates "one-stop shop" for loan origination services
Chronos Solutions announced its latest business move, finalizing its acquisition of UPF Services. Matt Slonaker, executive vice president of sales and marketing for Chronos Solutions, first alluded to the acquisition in an interview with HousingWire back in July. Now only a few weeks later, Slonaker and Andrew Gladston, senior vice president of corporate development at Chronos Solutions, revisited with HousingWire to give the full details of the acquisition. Click the headline to read what this means for their mortgage business.
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Is there a light at the end of the tunnel for Ocwen?

Company takes loss in 2nd quarter as it tries to move past "legacy" issues
True to its own predictions from earlier in the year, Ocwen Financial posted another loss in the second quarter, putting it on track to post a loss in 2016. But is there finally a light at the end of the tunnel for the nonbank?
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Deutsche Bank negotiating with DOJ on mortgage bond settlement

Discloses ongoing talks with government on RMBS activities
Deutsche Bank revealed Wednesday that it is currently in negotiations with the Department of Justice to resolve an investigation into the bank’s mortgage bond activities. The bank’s earnings materials don't disclose what specific matter the DOJ is investigating, but the DOJ has been looking into Deutsche Bank's mortgage-backed securities activities since at least 2013.
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