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  • Ocwen cleared of wrongdoing in multi-billion dollar mortgage bond fight

    Early in 2015, a group of mortgage bond investors that reportedly included BlackRock, MetLife, and Pimco accused Ocwen Financial of violating its duties as a mortgage servicer by failing to properly collect payments on $82 billion of home loans thereby costing the investors $26 billion. Now, after a yearlong independent investigation found no evidence of the litany of allegations made by the investors, Ocwen is off the hook. Click the headline for the whole story.

Items Tagged with 'Rising mortgage rates'

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Federal Reserve credibility tested

Financial markets try to read between Bernanke's lines
"The concern is that the decision to wait sends a message that the economy is worse than it appears or that the costs of QE are not high on its radar," Moody’s Analytics senior economist Ryan Sweet said.
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