By its own admission, Ocwen Financial is facing 21 pending investigations in 15 different states, is currently facing delisting by the New York Stock Exchange for delaying the release of its annual report, and has run afoul of investors and homeowners alike. Is that why it began offering indemnification to its directors and executive officers?
Some of the nation’s most expensive markets are also the ones where homeowners are choosing to eschew the traditional methods of real estate and sell their homes without the help of a Realtor, real estate agent or broker.
Ellie Mae is promoting two of its own into executive vice president roles. The company announced this week that it is promoting Cathleen Schreiner Gates to executive vice president of sales and marketing and Joseph Tyrrell to executive vice president of corporate strategy.
Over the past several years, despite Wall Street and the current administration’s efforts to artificially prop up the housing market with historically low interest rates and foreclosure-alternative programs such as moratoria, HAMP, HAFA and others, we discovered that the so-called housing recovery was simply rhetoric.
Google made waves in the mortgage industry earlier this year when it quietly launched a built-in mortgage calculator. Yahoo is joining the mortgage calculator game as well, but its built-in calculator is far more feature-rich than Google's option.
Wow! That was our reaction to the response we received for this year’s HW TECH100 call for nominations. This year, more than 250 companies submitted a nomination, and we’re grateful for the interest in our efforts with this unique program..
In the tech world a “stack” refers to all the elements of something. For the mortgage industry, the idea of the single stack is that one platform (digital, automated and based in the cloud) can either meet all of the functional requirements involved in assembling a mortgage, or can serve as an efficient moderator for the process via open APIs (application programming interface), which are now taking off within the mortgage industry. Read More
Nothing reeks of hypocrisy more than the regulator ignoring regulations, but the CFPB has racked up plenty of violations in the last year. And we’re not talking about small, nitpicky examples, but instances that have real-life consequences. If a lender or servicer were to violate any of these standards, they could expect swift and harsh punishment from the CFPB. Read More