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Things at Ocwen just went from bad to much, much worse

Embattled company hit with an avalanche of bad news

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Items Tagged with 'Refinance'

ARTICLES

Freddie Mac: The return of the refinance market

Borrowers save $5 billion in interest payments in 2015
Brena Swanson
Although Freddie Mac forecasts the refinance share to be about 40% in 2015, compared to 63% in 2013, this time around, house prices have continued to rise, creating an extra incentive to refinance.
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Capital Economics: How long will the refi boom last?

It won’t be as big as the last
Brena Swanson
Mortgage rates continue to stay below 4%, triggering another refinancing boom. But even though rates are back down to levels seen a couple years ago, the question remains: How long will it last?
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Fannie Mae explains 6 ways to push borrowers to refi

Time is running out
Brena Swanson
The FHFA continues to drill into homeowners that the Home Affordable Refinance Program and the Home Affordable Modification Program are not scams. To help push borrowers along, Robert Koller, director of credit risk management with Fannie Mae, gave six quick facts that could make all the difference to getting people to refinance.
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Freddie Mac: Homeowner demand for home equity loans doubles

Refinance volume falls sharply
Brena Swanson
"While the share of borrowers that cashed-out some equity has increased considerably over the past year, the refinance volume has also fallen sharply," said Frank Nothaft, Freddie Mac vice president and chief economist.
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Guaranteed Rate: 3Q purchase volume up 10% from last year

Refinance volume sees steep drop
Levi Shultz
Guaranteed Rate released its summary of mortgage trends for the third quarter of 2014 along with local mortgage trends in Chicago, New York City, Southern California and Boston.
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Less risk, more optimism in Vegas

Jonathan Corr: "What's going to happen to me?"
Jonathan Corr
As thousands of mortgage bankers and service providers gather in a place that grooves on the promise of quick riches and instant pleasure, they are all asking the same question: what is going to happen to me in today's lending market?
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Churchill Mortgage's purchase volume surges 49%

Purchases claim larger production volume
Brena Swanson
Churchill Mortgage experienced an increase in homebuyer demand, recording a 49% year-over-year growth in its purchase volume from April to September.
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Fannie Mae to raise modification interest rate

New rate effective on Oct. 14
Ben Lane
“The Fannie Mae Standard Modification interest rate is not determined on a preset schedule,” Fannie said in the note to its servicers. “The interest rate is subject to periodic adjustments based on an evaluation of prevailing market conditions.”
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Even Ben Bernanke can’t refinance right now

Suggests lenders may have “gone a little bit too far"
Ben Lane
Speaking at a conference of the National Investment Center for Seniors Housing and Care in Chicago, Bernanke said that the market is so tight right now that he was unable to refinance his own home loan recently.
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Freddie Mac: Mortgage rates barely nudge

Rates stagnant amid weak housing data
Brena Swanson
Mortgage rates barely moved from the week prior amid mixed housing data, with the 30-year, fixed rate mortgage averaging 4.20% for the week ended Sept. 25.
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