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
W S

Items Tagged with 'repurchases'

ARTICLES

Flagstar posts big loss in shrinking mortgage market

CEO hopes 'to achieve profitability in any mortgage environment'
Jacob Gaffney
"During the quarter, we made the determination to significantly bolster our loan loss reserve estimates which results in an increase to the loss coverage period from approximately 12 months to 18 months," Flagstar CEO Sandro DiNello said.
Read More

Inspector General: Fannie Mae should implement repurchase late fees

Failure to do so in the past cost taxpayers
Trey Garrison
Freddie Mac assesses late fees on aged outstanding repurchase demands, while Fannie Mae has no monetary penalties to encourage their resolution.
Read More

Fifth Third sets aside $69 million to pay lawyers

Bank manages fourth-quarter profit in litigious circumstances
Jacob Gaffney
Depending on who you believe, the fourth quarter results at Fifth Third came in either as expected or beat expectations.
Read More