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
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Items Tagged with 'House Financial Services Committees'

ARTICLES

FHFA hearing: GOP fear housing policy headed for Crash 2.0

Democrats say affordable housing, more lower-down policies needed
Trey Garrison
Is the housing policy being charted by the Obama Administration one that will expand housing opportunities or steer us into dangerous waters? Rep. Waters applauds the latest Fannie, Freddie initiatives. While Rep. Hensarling indicates it is "dumb regulation."
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FHFA Director Watt goes before House committee Tuesday

Faces grilling on FHA premiums, Fannie, Freddie
Trey Garrison
Federal Housing Finance Agency Director Mel Watt will appear Tuesday morning before the House Financial Services Committee hearing on sustainable housing finance. Here's what's waiting for him in the arena.
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Realtors applaud reauthorization of Terrorism Risk Insurance Act

House votes overwhelmingly for measure, curbs Dodd-Frank effects
Trey Garrison
The overwhelming vote to TRIA includes protections for small businesses from some of the onerous requirements of Dodd-Frank. Here's how.
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Hensarling picks chairs for housing and business subcommittees

Leutkemeyer to head housing, Neugebauer to helm financial
Trey Garrison
Financial Services Committee Chairman Jeb Hensarling, R-Texas, announced his selection of subcommittee chairmen for the next Congress.
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Waters proposes sweeping credit reporting reforms

Legislation could open credit box for millions of homebuyers
Trey Garrison
The ranking Democrat on the House Financial Services Committee wants to fundamentally change the rules on how lenders report consumer payments and debts to the credit bureaus, which could create a path to homeownership for millions of Americans currently shut out by mortgage lending restrictions, if successful.
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The claim: Discrimination, intimidation culture runs through CFPB

Two more witnesses testify about CFPB ‘Plantation’
Trey Garrison
Two more employees at the Consumer Financial Protection Bureau came forward Wednesday to tell of their experiences with alleged financial mismanagement, operational incompetence, discrimination and retaliation in what was the third in a series of hearings on discrimination at the CFPB.
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Sparks fly as House GOP grills Cordray on CFPB

Compares National Mortgage Database to NSA spying
Trey Garrison
They pulled off the kid gloves and the boxing gloves at the House Financial Services Committee, going full-on brass knuckles on the Consumer Financial Protection Bureau and its director, who was there to give his semi-annual report to Congress. Republicans targeted the CFPB, and the Democrats targeted Republicans.
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House subpoenas two more in CFPB discrimination investigation

Whistleblowers fear retaliation for voluntary testimony
Trey Garrison
A House Financial Services committee is subpoenaing two more whistleblowers who allege they were witness to or victims of discrimination and retaliation at the CFPB. The two whistleblowers requested to be subpoenaed to protect themselves from the bureau.
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4 housing bills that could make mortgage lending much easier

Regulatory streamlining, QM, exemptions for small lenders go to floor
Trey Garrison
The House Financial Services Committee passed three bills Thursday as part of a continued markup from May 7, along with another bill passed on May 7 by voice vote that are being welcomed by the finance industry.
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CFPB execs, union rep subpoenaed by House Committee

Probe into discrimination, retaliation at CFPB heats up
Trey Garrison
The House Financial Services Committee has subpoenaed two CFPB officials and a union representative to appear before the Subcommittee on Oversight and Investigations on May 21. The subcommittee is conducting an ongoing investigation into allegations of discrimination and retaliation at the Consumer Financial Protection Bureau.
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