Ocwen: Mortgage bond investors mislead public, push foreclosures

Ocwen: Mortgage bond investors mislead public, push foreclosures

Fires back at “baseless, groundless” charges of mortgage payment negligence

California settlement puts Ocwen on a leash

Prohibited from acquiring California MSRs without state’s approval

Monday Morning Cup of Coffee: Ocwen settles "frustrating skirmish" with California

But that's just over file access, not file content
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News

Arch MI launches new mortgage insurance company

Given financial strength rating of ‘A3’
Brena Swanson
Arch MI announced it is opening a new mortgage insurance company right as the market starts to increase focus in that area due to new regulations. The new company, AMG, is a mortgage insurance company specifically created for mortgage loans that originators intend to retain in their portfolios or include in private securitizations and is not subject to GSE requirements.
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S&P Case-Shiller: Is housing ready for spring homebuying season?

“Housing recovery barely on first base”
Brena Swanson
The spring homebuying season is just a couple months away. Due to the latest report on the continued slow down in home price growth, S&P Case-Shiller believes the market isn’t ready. However, not all economists agree, with at least one giving 2015 a strong forecast.
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New home sales in December rise an unbelievable 11.6%

New home sales in December rise an unbelievable 11.6%
Trey Garrison
New home sales just hit a seven-year high, but skepticism grows about the accuracy of reports with a margin of error in the mid-teens. Here are the details.
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Redfin: January home prices up, demand at record level

Rock-bottom interest rates, larger inventory get 2015 off to busy start
Trey Garrison
Growing inventory, growing demand and growing interest from first-time buyers are three reasons why Redfin is forecasting a strong January and a strong 2015. Here’s how it breaks down.
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First wave of ‘boomerang buyers’ become eligible for mortgages

RealtyTrac: Here’s where the action may heat up
Trey Garrison
The first wave of 7.3 million homeowners who lost their home to foreclosure or short sale during the foreclosure crisis are now past the seven-year window they conservatively need to repair their credit and qualify to buy a home.
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BlackRock discloses ownership stake in Altisource

Mortgage bond investor also reportedly threatening to sue Ocwen
Ben Lane
A Monday filing with the Securities and Exchange Commission shows that BlackRock is more than an interested party in the mortgage-backed securities whose loans are serviced by Ocwen and its affiliates. BlackRock also owns a substantial stake in Altisource Residential.
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MRIS to provide direct listings to Zillow

Mid-Atlantic MLS joins Zillow Partnership Platform
Ben Lane
Members of one of the nation’s largest multiple listing services, Metropolitan Regional Information Systems, will no longer need to worry that they won’t be able to send their listings directly to Zillow once Zillow’s listing agreement with Listhub ends on April 7.
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Fannie Mae: Mortgage lending will see dramatic growth in 2015

Guaranteed Rate, UWM, United Fidelity Funding weigh in
Brena Swanson
The mortgage business is set to substantially grow in 2015, with 88% of lenders surveyed by Fannie Mae saying that they are looking to expand their mortgage origination business, and 70% looking to expand their mortgage servicing business.
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FHFA Director Watt goes before House committee Tuesday

Faces grilling on FHA premiums, Fannie, Freddie
Trey Garrison
Federal Housing Finance Agency Director Mel Watt will appear Tuesday morning before the House Financial Services Committee hearing on sustainable housing finance. Here's what's waiting for him in the arena.
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Lone Wolf Real Estate buys Millennium Real Estate Solutions

Widens product offerings for real estate industry
Brena Swanson
Lone Wolf Real Estate acquired Millennium Real Estate Solutions, expanding offerings to boards and associations across Canada for listing management and data collection.
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