Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
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Items Tagged with 'mortgage finance'

ARTICLES

Housing sales inventory continues to grow in October

Lower-priced home inventory lags; high-end homes picking up
Trey Garrison
The number of homes for sale continued to increase across the U.S. in October, a good sign for buyers, but mainly for those on the higher end, according to the latest data from Zillow Real Estate Markets report for October.
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Mortgage applications jump 4.9% after three weeks of declines

Refi share slips despite declining interest rates
Trey Garrison
Breaking a three-week streak of declines, mortgage applications increased 4.9% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Nov. 14, 2014.
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3 Senate bills that could strengthen credit union mortgage lending

House versions of bipartisan regulatory relief bills already passed
Trey Garrison
Credit unions are enduring a crisis of creeping complexity with respect to regulatory burden, and the Credit Union National Association believes at least three bipartisan bills currently before the U.S. Senate could alleviate some of that drag.
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Cash buyers for homes fading away

CoreLogic: REO sales continue to drive cash sales
Trey Garrison
Cash sales made up 33.8% of total home sales in August 2014, down from 36.4% in August 2013, CoreLogic reported Wednesday.
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HUD, Salvation Army settle pregnancy discrimination suit

SA to pay $48K to four women evicted from transitional housing
Trey Garrison
The U.S. Department of Housing and Urban Development announced Wednesday that the Salvation Army will pay $48,000 to four women as part of a conciliation agreement resolving allegations that the international charitable organization wrongfully evicted them from its Turning Point transitional housing center in Washington, D.C., because they became pregnant.
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Mortgage applications slip again, down 0.9%

Purchase applications down 11% from last week
Trey Garrison
Mortgage applications fell for the third week in a row, declining 0.9% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Nov. 7.
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Report: NYDFS Superintendent Ben Lawsky to step down in 2015

Did Ocwen’s bad year just get better?
Trey Garrison and Ben Lane
Start spreading the news, Benjamin Lawsky is reportedly leaving the New York Department of Financial Services.
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Monday Morning Cup of Coffee: What GOP control means for housing

Affordable housing minefields, getting an FHA loan, and more
Trey Garrison
Are we heading back down the path of dangerous lending and dodgy, politics driven housing policy, or is this much ado about nothing? Plus, wither Washington with the GOP at the helm?
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House Financial Committee head says FHFA’s Watt on wrong track

Hensarling: Don’t abandon sound underwriting at Fannie, Freddie
Trey Garrison
Federal Housing Finance Agency Director Mel Watt announced his plans to change some of the housing finance industry lending standards to expand the credit box, and the chairman of the House Financial Services Committee is sounding a warning Watt may be looking at going a bridge too far.
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October job creation misses expectations with just 214K added

Unemployment edges down to 5.8%, wages flat
Trey Garrison
Total nonfarm payroll employment rose by 214,000 in October, below analyst expectations of 235,000, and the unemployment rate edged down to 5.8%, according to the Bureau of Labor Statistics. Wages remained flat.
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