Ocwen Chairman Erbey resigns as company admits misconduct

Ocwen Chairman Erbey resigns as company admits misconduct

Company to pay $150 million to homeowners

Ocwen CEO unveils company’s new direction

Plans to exit agency servicing; increase mortgage originations

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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The Ticker

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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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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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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Fed announces exemption adjustment for smaller loans

New exemption level starts Jan. 1
Trey Garrison
The Federal Reserve released its revised exemption level clearing smaller loans from the appraisal requirement of larger mortgage loans. Here are the details.
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Surge in healthcare spending drives up 3Q GDP to 5%

Unbelievable rise compares to 3Q2003
Trey Garrison
The government reports that the third quarter GDP was an unbelievable 5%, and it was driven largely by a surge in spending on healthcare.
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Colorado AG charges two more foreclosure law firms with fraud

Accused of inflating costs
Ben Lane
Attorney General John Suthers sued two foreclosure law firms, Robert J. Hopp & Associates and The Hopp Law Firm, and The Vaden Law Firm, stating that the firms overcharged consumers, for amongst other things, non-existent title insurance policies.
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The juiciest real estate lawsuits of 2014

Real estate mantra: Lawsuit, lawsuit, lawsuit
Trey Garrison
It was a year of spite, lawsuits and spiteful lawsuits. Here are the best of the best.
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Mortgage Bankers Association adds 14 new members

MBA continues its growth
Ben Lane
See who joined the Mortgage Bankers Association in the month of November.
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America’s housing market value soars to $27.5 trillion

Houston ranks first in home price appreciation
Brena Swanson
America’s housing market value has drastically increased over the past year. As Zillow notes in the article, this goes to show just how important the housing market is.
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Minecraft creator outbids Beyoncé and Jay Z for home

Persson now owns $70M Beverly Hills megamansion
Trey Garrison
What do you do after MicroSoft buys your game for $2.5 billion? You go and snatch a mansion right out from under two musical superstars.
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