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 'Treasury Department'

ARTICLES

Ocwen buying portfolio of delinquent Ginnie Mae mortgages

Treasury looking at impact of backdating letters allegation
Trey Garrison
If Ocwen is experiencing a tough time, they're not doing it lying down. The nonbank is moving now to purchase Ginnie Mae delinquencies even as the Treasury Department is reviewing the backdating letters scandal.
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Financial Stability director: SIFI designation is not “too big to fail”

Pinschmidt: “That’s just plain wrong”
Ben Lane
During the Monday keynote address at ABS East in Miami, Patrick Pinschmidt, the deputy assistant secretary and executive director of the FSOC, said that the SIFI designation is designed to bring additional oversight of nonbanks in an attempt to mitigate the impact of a nonbank’s potential failure on the country’s economy.
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Treasury Secretary testifies on GSEs, nonbank MSRs and TBTF

Hensarling: Americans are fearful of their government
Trey Garrison
It was a raucous and heated session at the House Financial Services Committee as Treasury Secretary Jacob Lew made his annual report on the Financial Stability Oversight Council, touching on everything from GSE reform and nonbank MSRs to the IRS lost emails scandal.
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Weakened mortgage operations squeeze Ally Financial profits

Solid capital, liquidity portfolios keep company afloat
Christina Mlynski
Ally Financial posted weaker earning results in its mortgage operations due to charges tied to federal regulator settlements and the cease of new originations.
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States allocate foreclosure money to cover demolitions

HousingWire Staff
The Treasury Department revised the rules governing its foreclosure prevention program, allowing states to allocate some of those funds for home demolition initiatives.
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