Ocwen: Mortgage bond investors mislead public, push foreclosures

Ocwen: Mortgage bond investors mislead public, push foreclosures

Fires back at “baseless, groundless” charges of mortgage payment negligence

California settlement puts Ocwen on a leash

Prohibited from acquiring California MSRs without state’s approval

Monday Morning Cup of Coffee: Ocwen settles "frustrating skirmish" with California

But that's just over file access, not file content
W S

REwired

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Opinion, commentary and analysis on everything that makes the U.S. housing economy tick -- not to mention the ghosts in the machine, too. Written by HW's team of editors and reporters each business day.

Monday Morning Cup of Coffee: Ocwen settles "frustrating skirmish" with California

But that's just over file access, not file content
Trey Garrison
Ocwen ended its disastrous week on Friday by settling with the state of California for $2.5 million — but that's just to ensure the state gets the information it asked for. Any violations that turn up once it has the information could be a whole other ball of wax.
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Texas mortgage market will still shine in 2015

Oil bust? Give me a break
Marcus McCue
Despite everything going on in the oil industry, the Texas housing market is still poised to shine in 2015. Texas-based Guardian Mortgage explained that 2015 looks to be both bigger and better than last year; itself a pretty decent year.
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Americans have many problems, but owning a home isn’t one

Healthcare is No. 1 concern
Jacob Gaffney
The results of the latest Gallup poll show that the average American is still fretting over finances. Let’s be honest, that will never change. But what Americans fret over, financially, does.
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Here's why Standard & Poor's mortgage bond fraud is so shocking

SEC: S&P lied about mortgage bond ratings
Jacob Gaffney
“They lied,” one source said of the SEC charge that S&P “published a false and misleading article purporting to show that its new credit enhancement levels [for CMBS ratings] could withstand Great Depression-era levels of economic stress." But that's still not the most shocking development.
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Monday Morning Cup of Coffee: The increasing risk of low mortgage rates

Plus a roundup of housing starts, home prices and home sales
Trey Garrison
Everyone loves lower mortgage interest rates, but there is a downside over the long haul that housing and investors need to consider. Here’s the scoop — plus a preview of the week to come.
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Will big banks sue the government for too much oversight?

MetLife’s suit could be just the beginning
Brena Swanson
MetLife is pushing back and suing the Financial Stability Oversight Council over its decision to designate it a non-bank systemically important financial institution. At the same time, regulators are hounding the rest of the industry, especially housing. Could this be the inspiration the rest of the industry needs to fight back?
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Lower FHA Fees: The right policy at the right time

Could bring homeownership to 2 million renters
Chris Polychron
Realtors support responsible lending to qualified buyers; this is essential for building strong communities. This mortgage insurance reduction is not about repeating the mistakes of the past, in which underqualified buyers received loans they could never repay.
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The future of the Dallas mortgage market

A forecast for 2015 and it looks bright
Marcus McCue
For the second year in a row, Dallas-Fort Worth ranked as the fifth-best area in which to build or invest in real estate, paving the way into 2015. But the forecast isn't all positive.
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Monday Morning Cup of Coffee: Oil, FHA premiums and mortgage bonds

Ocwen’s future, non-agencies and more
Trey Garrison
The first full week of January had a lot of moving parts that will have long-lasting effects on housing going forward. Let’s dive into the pool headfirst.
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4 reasons lowering FHA premiums is a bad idea

While there are some benefits, there are more problems afoot
Trey Garrison
Most everyone is applauding the move by the White House to lower FHA premiums. Most everyone isn't looking beyond their immediate gain.
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