Ocwen Chairman Erbey resigns as company admits misconduct

Ocwen Chairman Erbey resigns as company admits misconduct

Company to pay $150 million to homeowners

Monday Morning Cup of Coffee: Black Knight's HPI and what 2015 holds

Low doses of optimism amid mixed economic news

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

Judge will rule whether Continental Western Insurance has standing
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News

Monday Morning Cup of Coffee: Black Knight's HPI and what 2015 holds

Low doses of optimism amid mixed economic news
Trey Garrison
It’s the last week of 2014, and after seeing GDP growth of 5% and gas prices below $2 a gallon, it's easy to be giddy about economic prospects for 2015. But do the facts really warrant such optimism?
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Executive Conversation: Lenders mitigate risk with post-close automation

Data-driven process makes vendor management easier
Sarah Wheeler

The beauty of a data is it allows for process improvement. One problem that plagues any manual process is that feedback tends to be anecdotal. A data-driven process allows you to identify common errors made at the closing table and rectify them by modifying documents and training your vendors. 


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Redfin: The most competitive neighborhoods for homebuyers in 2014

Sunset district in San Francisco tops the list
Trey Garrison
Redfin looked at their data from 2014 and figured out where the most competitive neighborhoods were. Two guesses where most are located and why. Here's the scoop.
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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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This Des Moines court case may change the Freddie, Fannie investor sweep

Judge will rule whether Continental Western Insurance has standing
Trey Garrison
Investors in Fannie and Freddie are watching to see if a U.S. District Court judge will revive the discussion on whether the government's third amendment sweep of GSE profits is legal. Here are the details.
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Morningstar: True cost of Ocwen settlement far exceeds $150 million

Settlement could halt any long-term growth
Ben Lane
If Ocwen Financial thought that its regulatory troubles were over now that it settled with the New York Department of Financial Services for $150 million, the beleaguered company has another thing coming. The increased regulatory scrutiny and loss of its chairman could cripple Ocwen's growth, according to Morningstar.
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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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Freddie Mac: Mixed housing news drives mortgage rates up slightly

Still comfortably below 4%
Ben Lane
Weaker than expected housing and economic data drove a slight uptick in mortgage rates in the last week. But on the bright side, mortgage rates are still near yearly lows.
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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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