This is why millennials need a new credit scoring system

This is why millennials need a new credit scoring system

Turns out they WANT credit, but just can't GET credit

Meet our incredible 2015 Women of Influence

Announcing 40 leaders driving the housing economy

CFPB to mortgage industry: Get out of MSAs

Industry calls move regulation by enforcement
W S

Items Tagged with 'Ocwen Financial Services'

ARTICLES

Monday Morning Cup of Coffee: Mortgage lenders "routing" homebuyers to FHA?

Ocwen, Nationstar results also coming soon
Lower credit scores are leading to higher mortgage costs, according to an article in the Seattle Times. There is a new opinion, separate from the many who view last month’s Supreme Court decision on "disparate impact" as a negative. Also, it’s time for the massive nonbanks to start weighing in with their earnings.
Read More

FHFA Inspector General counters: Here's why nonbanks need prudent regulation

Nonbanks hold $1.4 trillion of $10 trillion market
The Federal Housing Finance Agency Office of the Inspector General suggests the FHFA establish a risk management process unique to nonbank special servicers. This is to better oversee how the GSEs control inherent risks in transferring mortgage servicing rights and performing large scale servicing operations.
Read More

Ocwen will stop using mortgage gag orders

Prevents the rare times it was used
"To clarify, Ocwen has never required non-disparagement clauses for mortgage modifications. Our agreement with the DFS deals with the highly unusual situation where there is a legal settlement agreement with a borrower," John Britti, chief investment officer at Ocwen, said.
Read More

Nonbanks expect big year for MSRs

Nationstar, Walter, Ocwen, soar on HW 30
Nonbanks are experiencing a strong day on the stock market, following positive first-quarter earning reports. MSR transfer activity is still occurring and more importantly, the long-term pipeline of opportunities is very healthy.
Read More