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  • Ocwen now one giant step closer to acquiring MSRs again after new NYDFS agreement

    For more than two years, Ocwen Financial has been prohibited from acquiring new mortgage servicing rights in bulk, thanks to the company’s $150 million settlement with the New York Department of Financial Services. Now, it appears that Ocwen could be on the brink of returning to the MSR market full force, after the nonbank announced Monday that it reached a new agreement with the NYDFS. Click the headline for the full story.

Items Tagged with 'bipartisan'

ARTICLES

Sen. Warren refuses to quit on banking oversight

Wants behind-the-scenes details on mortgage settlements
A bipartistan bill introduced by Sen. Elizabeth Warren, D-Mass., aims to bring hidden financial information tied to big banking settlements into the light. Sen.Tom Coburn, R-Okla., is Warren's co-sponsor on the bill.
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Senate approves budget

Plan now moves to the president's desk
Now, the budget is moving on to the presidential office where President Obama is expected to sign it, based on prior indications of support. The signature of the president will ensure another government shutdown is averted.
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