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

Items Tagged with 'Bank of America'

ARTICLES

Rarity: BofA celebrates new branch opening in Denver

Opens new location in new market
Jacob Gaffney
News comes as bank continues to ditch hundreds of branches in many other markets. The bank is also experimenting with simpler "express" branches, those that do not employ tellers.
Read More

Here’s where Bank of America stands on mortgages

FBR: BAC is well positioned for 2015
Brena Swanson
Bank of America made the controversial decision last year to not ease mortgage standards despite the giant push from the government for the opposite. And the bank's latest earnings release shows that was a pretty good call.
Read More

Mortgage business mixed at the Big Four banks in 4Q

A roundup of how the TBTFs fared in the mortgage space
Trey Garrison
The Big Four banks have reported their fourth quarter and full year earnings, and here’s a look at what happened in their mortgage space.
Read More

BofA misses on revenues, posting $18.7B in 4Q

Originated $15B in mortgages in 2014; legacy costs down 38% YOY
Trey Garrison
While the cost of legacy asset services from the Countrywide portfolio were down, losses in consumer real estate service revenue were part of the reason BAC missed on revenues by a large margin. Here are the details.
Read More

Supreme Court eases notification rules for mortgage rescissions

Change makes it easier for borrowers to walk away from underwater homes
Trey Garrison
In a blow to lenders, the Supreme Court just made things a little easier for borrowers to walk away from underwater mortgages with its ruling on what TILA says. Here are the details lenders need to know.
Read More

HW30: Two Harbors and BofA named top stocks to watch

FBR's top financial services and real estate stocks for 2015
Brena Swanson
Two stocks listed on HousingWire’s HW30 were listed as top financial and real estate stocks to watch in 2015 by FBR Capital Markets. Here’s why their forecasts are so strong.
Read More

SecurityNational Mortgage settles with BofA and Countrywide

SecurityNational repurchases past loans
Brena Swanson
SecurityNational Mortgage Company reached a settlement with Bank of America and Countrywide Home Loans, finally resolving issues over mortgage loans it previously sold.
Read More

Ocwen volatile over concerns company could lose existing servicing

Sterne Agee: Continues to rate OCN neutral
Trey Garrison
Ocwen's stock has been volatile but Sterne Agee continues to rate the company neutral despite investor concerns. Here are the details.
Read More

Ambac sues BofA over faulty mortgage bonds

Company lost hundreds of millions of dollars
Brena Swanson
Bank of America is getting sued again after its giant $16.65 billion settlement back in August. This time Ambac Assurance is coming after the bank.
Read More

Countrywide whistleblower will receive $57 million

Edward O’Donnell to get part of record Bank of America settlement
Ben Lane
The whistleblower at the center of the so-called "Hustle" case against Bank of America over Countrywide mortgage loans will also receive a hefty payout for his participation in the record $16.65 billion settlement between BofA and the U.S. Department of Justice to resolve claims over toxic mortgage-backed securities on residential mortgage loans sold to Fannie Mae and Freddie Mac.
Read More