CFPB secures $27.7 million judgment against foreclosure relief scammers

The next president needs to speak up about housing right now

Want my vote? Here's how to get it

CFPB, DOJ take action against Provident Funding for discriminatory lending

Could pay $9 million in damages
W S

News

Judge tosses Ocwen home inspection lawsuit

Ends one of several lawsuits against Ocwen
Brena Swanson
At least of one Ocwen’s lawsuits is getting put to rest. A federal judge dismissed a class action lawsuit accusing Ocwen Financial of fraudulently billing hundreds of thousands of homeowners for needless property.
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Quicken Loans wins first round in court battle versus DOJ, HUD

Judge rules Quicken's suit against Feds will be heard first
Trey Garrison and Ben Lane
Quicken Loans secured the first victory in its gutsy battle against the U.S. Department of Justice and the Department of Housing and Urban Development. A federal judge ruled that Quicken’s lawsuit against the government will be heard, before the government’s case against Quicken is heard in a separate court, which favors the massive mortgage lender. Click the headline for HousingWire's extensive coverage.
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LoanLogics adds Meg Guard as vice president

Will supervise account management and support
Ben Lane
As vice president of account management and support, Guard will work with clients as well as internal teams such as operations, information technology and sales. Guard’s team will help with enterprise technical implementations and provide technical support.
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WFG National Title promotes Roger Blauvelt to senior vice president

Will lead company’s national agency division
Ben Lane
Prior to his promotion, Blauvelt served as the company’s vice president, national agency underwriting counsel. In his new role, Blauvelt will be responsible for maintaining the company’s relationship with its largest national title agents as well as spearheading new growth, the company said in a release.
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Morningstar: Single-family rental securitization delinquencies mainly below 1%

With only one exception
Jacob Gaffney
It may be a relatively new market, but single single-family rental securitizations are doing pretty well despite the asset class' infancy. The delinquency rate across nearly every single single-family rental securitization is below 1%, according to a Morningstar Credit Ratings report on performance in the sector.
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Aspen Grove Solutions promotes Ron Briggs to senior vice president

Will oversee business development
Ben Lane
In this role, Briggs will lead the business development team and is tasked with supporting clients and ensuring that Aspen Grove delivers timely and cost-effective solutions to customers, the company said in a release.
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CFPB secures $27.7 million judgment against foreclosure relief scammers

Problem is, the scammers have only $655,737
Ben Lane
The Consumer Financial Protection Bureau and the State of Florida announced Friday that a federal judge granted final judgment against a Florida law firm and its associated companies, requiring the companies to pay $27.7 million for their part in a massive foreclosure relief scam that defrauded approximately 2,000 consumers.
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This MBA chart shows the real impact of the recession on homeownership

Young buyers taken out of the market
Brena Swanson
The latest chart in the Mortgage Bankers Association’s series echoes what most of the industry already knows: Millennials are not buying.
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WATCH: Former Wells Fargo CEO rails against regulatory burdens

This stunts America’s growth
Brena Swanson
While America should be growing faster, the wrong mix of fiscal and monetary policies is smothering any room for potential growth, especially when it comes to Dodd-Frank bank reforms.
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The next president needs to speak up about housing right now

Want my vote? Here's how to get it
J. Ronald Terwilliger
For far too long, housing problems have been largely ignored by the mainstream media and neglected by Washington. A housing focus has also been noticeably absent from our nation’s political discourse. That needs to end, right now.
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