Things at Ocwen just went from bad to much, much worse

Things at Ocwen just went from bad to much, much worse

Embattled company hit with an avalanche of bad news

Pending home sales surge to highest level in 18 months

Buyer demand boosts sales

Foreclosure: The Movie… (finally!) coming to a screen near you

In new film, neighborhood of foreclosed homes drives man insane
W S

News

Patrick Harker appointed next Philadelphia Fed president, CEO

11th president of the bank
Brena Swanson
The board of directors of the Federal Reserve Bank of Philadelphia appointed Patrick Harker as its 11th president and CEO of the Philadelphia Fed, succeeding Charles Plosser, who retired effective March 1, 2015.
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Construction spending slows in January

Residential, private construction both slip at start of 2015
Trey Garrison
Construction spending slowed down in January, and it wasn't just the weather at work. Here's what happened.
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FBR downgrades Nationstar, Walter Investment

Move comes after both posted losses last week
Trey Garrison
Nonbanks have been in the barrel in the last week, and now it's Walter Investment and Nationstar's turn. Here's what's happening.
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Monday Morning Cup of Coffee: Ginnie Mae haunted by Taylor, Bean & Whitaker

REITs focus on MBS sputter; Private mortgage bond market looks strong
Trey Garrison
Ginnie Mae is in trouble, but not because of its core mortgage business. Also, signs that the housing and mortgage finance space may be slowing aren’t troubling non-agency MBS analysts, while Credit Suisse is battening down the hatches. Here’s the scoop.
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From HW Magazine

Fannie Mae's Collateral Underwriter gets a mixed reaction

Appraisers and AMCs weigh in
Fannie Mae released its Collateral Underwriter program to lenders in January, and the industry reaction has been varied and intense.  

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From HW Magazine

Big banks, big returns?

Some of the nation's largest financial institutions offer better deals at low risk

The real no-brainer, however, is to look at how the bank performed in the last downturn. Invest in one that not only didn’t need a bailout but one that didn’t take major risks for the sake of short-term versus long-term gains.


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From HW Magazine

The 2015 HW Tech100

Introduction

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.


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From HW Magazine

What really happened at LandCastle Title?

Missing money from escrow accounts starts a landslide of accusations

Johnson’s lawsuit states that while Hardwick was attempting to secure those loans, the Wittstadts entered into secret negotiations with Fidelity National Financial to bail out the firm “in order to prevent a disastrous national impact on the housing market should the escrow account misappropriations become public before the Wittstadts could cover everything up.”


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From HW Magazine

Company Spotlight: ComplianceEase

John Vong explains why "the devil is in the details"

When lenders have to justify and document every decision, it really raises the bar for compliance. Those that are still trying to handle compliance manually or by using multiple, disparate systems as a work-around are going to find it difficult to meet new requirements. The CFPB’s new TILA-RESPA Integrated Disclosure (TRID) rule will only exacerbate this situation, according to Vong.


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From HW Magazine

Single stack

Mortgage lending — finally — gets smarter with digital, automated and cloud-based technology
Kerry Curry

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.


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