Ocwen Chairman Erbey resigns as company admits misconduct

Ocwen Chairman Erbey resigns as company admits misconduct

Company to pay $150 million to homeowners

Existing home sales collapse 6.1% in November

Tumble comes amid record low declining rates, prices

Monday Morning Cup of Coffee: Oil’s crash will impact MBS market

Mortgage fraud is still a problem, plus the gift of housing metrics
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Items Tagged with 'Steve Brown'

ARTICLES

NAR applauds FICO update

Continues to support the credit box widening
Brena Swanson
The National Association of Realtors applauded FICO’s new FICO Score 9 as a way to assess consumer collection information. "NAR will continue to support efforts to broaden access to credit for qualified homebuyers," NAR President Steve Brown said.
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NAR: Big banks exiting FHA loans is a "bad trend"

JPMorgan Chase debates stopping FHA-backed loans
Brena Swanson
Just as the Federal Housing Administration is celebrating its 80th anniversary, big banks are debating ending their lending relationships with the administration.
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Pending home sales tick up from February but 7.9% below March 2013

Biggest gains in the South, West
Trey Garrison
The National Association of Realtors pending home sales index rose 3.4% to 97.4 from an upwardly revised 94.2 in February, but is 7.9% below March 2013 when it was 105.7.
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Realtors to FHA: Your mortgage insurance rates drive buyers away

Claims as many as 375,000 buyers were priced out of the market in 2013
Ben Lane
Letter claims that as many as 125,000 to 375,000 prospective buyers were priced out of the market in 2013 by the FHA’s high insurance premiums and mortgage insurance requirement.
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NAR President: "We want GSE reform to take place now"

White House seeks housing influencer opinion
Brena Swanson
Now that Fannie Mae and Freddie Mac reform talk is at the forefront of the table, National Association of Realtors President Steve Brown is ready to get the balling rolling on progress.
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Home sales slowest since July 2012

Rising prices and weather blamed
Trey Garrison
Existing home sales fell again for the second month in a row, falling 0.4%. February’s pace of sales was the lowest since July 2012, when it stood at 4.59 million.
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