Ocwen’s road ahead: Well, can't get any worse

Ocwen’s road ahead: Well, can't get any worse

Fall down seven times, get up eight?

Monday Morning Cup of Coffee: What’s the diagnosis for the "sick" housing market?

Still, confidence remains high

6 secrets to dealing with regulations for mortgage servicers

A candid look from the perspective of 2 recovering regulators
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Articles by Ben Lane

Coming soon: The Tesla home battery

Electric car company venturing into residential energy storage
Ben Lane
Tesla Motors, the company that plans to revolutionize automobiles with its electric car, is planning a new revolution that aims to transfer how we power the rest of our lives. How will the home battery impact mortgages?
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Auction.com adds Lawrence Yuan as senior director of engineering

Former Linkedin and Yahoo engineer joins real estate marketplace
Ben Lane
Auction.com announced the addition of Lawrence Yuan as the online real estate marketplace’s new senior director of engineering. In this role, Yuan will oversee the development of web and mobile products and applications.
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What’s the impact of Green Tree’s $63 million fine?

Moody’s weighs in on company’s future
Ben Lane
Unsurprisingly, Green Tree Servicing could be facing several negative outcomes, including a potential downgrade to its servicer ratings, in the wake of its $63 million fine from the Consumer Financial Protection Bureau and the Federal Trade Commission. A new report by Moody's details what could be in Green Tree's future.
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Tricon American Homes joins burgeoning single-family rental securitization market

Initial offering receives AAA ratings from Morningstar, KBRA
Ben Lane
There’s a new face in the single-family rental securitization market — Tricon American Homes. The company began acquiring U.S.-based single-family rentals in April 2012, and is preparing its first single-family rental securitization.
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Impac comes roaring back

Stock soars on earnings news
Ben Lane
A tremendously positive earnings report sent Impac Mortgage Holdings’ stock soaring on Friday. The company isn't back to its pre-crisis heights, but it's on its way.
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NASDAQ to delist Home Loan Servicing Solutions

Next shoe in New Residential deal drops
Ben Lane
The next shoe has dropped in New Residential Investment’s acquisition of Home Loan Servicing Solutions. The company announced late Friday that it received a letter earlier in the week from NASDAQ, which stated that the stock exchange is delisting Home Loan Servicing Solutions, effective at the opening of business April 29, 2015.
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Five Oaks breaks into jumbo mortgage bonds

Launches first securitization
Ben Lane
After participating in two jumbo mortgage bond offerings brought by other issuers in 2014, Five Oaks Investment Corp. is launching a jumbo mortgage bond of its own. The offering, which will be issued as Oaks Mortgage Trust Series 2015-1, is backed by 383 mortgages with a total balance of approximately $267.2 million.
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Radian now offering an industry first – job loss insurance

New program will pay borrowers’ mortgage if they lose their job
Ben Lane
Radian Guaranty is offering a new program that’s the first of its kind in the industry – job loss insurance. The new program, called Radian MortgageAssure, will pay a borrower’s mortgage if they suffer an involuntary job loss and fall behind on their mortgage payments. And it comes at no cost to the borrower.
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Low interest rates drive First American revenue up 10%

Refinance orders increased 62% in first quarter
Ben Lane
Driven by a 15% increase in direct title orders closed and a 62% increase in refinance title orders, First American Financial saw its revenue grow by 10% in the first quarter. According to First American, its total revenue rose to $1.11 billion in the first quarter of 2015, up from $1.01 billion in the same time period last year.
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U.S. sues Quicken Loans for FHA loan violations

DOJ accuses lender of improperly originating and underwriting FHA mortgages
Trey Garrison and Ben Lane
The United States government is suing Quicken Loans, accusing the lender of improperly originating and underwriting loans that were insured by the Federal Housing Administration. According to an announcement from the Department of Justice, the government alleges that from September 2007 through December 2011, Quicken “knowingly submitted, or caused the submission of, claims for hundreds of improperly underwritten FHA-insured loans.”
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