CFPB secures $27.7 million judgment against foreclosure relief scammers

The next president needs to speak up about housing right now

Want my vote? Here's how to get it

CFPB, DOJ take action against Provident Funding for discriminatory lending

Could pay $9 million in damages
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Items Tagged with 'mortgage lending'

ARTICLES

Judge tosses Ocwen home inspection lawsuit

Ends one of several lawsuits against Ocwen
Brena Swanson
At least of one Ocwen’s lawsuits is getting put to rest. A federal judge dismissed a class action lawsuit accusing Ocwen Financial of fraudulently billing hundreds of thousands of homeowners for needless property.
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LoanLogics adds Meg Guard as vice president

Will supervise account management and support
Ben Lane
As vice president of account management and support, Guard will work with clients as well as internal teams such as operations, information technology and sales. Guard’s team will help with enterprise technical implementations and provide technical support.
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This MBA chart shows the real impact of the recession on homeownership

Young buyers taken out of the market
Brena Swanson
The latest chart in the Mortgage Bankers Association’s series echoes what most of the industry already knows: Millennials are not buying.
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JPMorgan Chase reportedly laying off 5,000 employees

Cuts would represent at least 2% of bank’s staff
Ben Lane
JPMorgan Chase is set to lay off approximately 5,000 of its employees as part of cost-cutting measures. The job cuts reportedly already began earlier this year and would represent at least 2% of the bank’s staff.
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Real estate investor gets 7 years in $15M mortgage fraud scheme

Complex conspiracy involved money laundering, straw buyers
Trey Garrison
A real estate investor was sentenced to 84 months in prison for conspiring to defraud financial institutions and launder stolen funds as part of a $15 million mortgage fraud scam that used phony documents and straw buyers to make illegal profits on overbuilt condos.
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Simplifile adds two new settlement agent services

Connects settlement agents and lenders
Brena Swanson
Simplifile added two new services, Collaboration and Post Closing, to its online platform to ease the communication process between lenders and settlement agents.
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Trending Thursday: More McMansions, Ferguson home values and more

Plus the real truth about whether renters really want to buy
Trey Garrison
People want the suburbs a little closer, renters tell what they really want, the New York Fed spots a real trend, Wall Street is starting to sweat the FIFA scandal, and so much more in this week's Trending Thursday. You don't want to miss a word. Read on.
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Pending home sales rise to highest in nine years in April

Index rises for all four major regions
Trey Garrison
Pending home sales rose in April for the fourth straight month and reached their highest level in nine years. Is it springtime for home sales?
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Freddie Mac: Mortgage rates hit new high for 2015

Strong housing reports drive rate increase
Trey Garrison
Average fixed mortgage rates are moving higher amid positive housing data and pushing fixed mortgage rates to their highest level of the year, according to Freddie Mac. Here's what happened.
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Realtor.com: Waiting to buy a home could cost tens of thousands

Almost $20K lost for waiting just one year, far more in hottest markets
Trey Garrison
With interest rates and home prices expected to climb in the next year, the financial penalties of delaying or forgoing a home purchase in today’s market have become very steep, according to the inaugural Opportunity Cost Report released today.
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