Things at Ocwen just went from bad to much, much worse

Things at Ocwen just went from bad to much, much worse

Embattled company hit with an avalanche of bad news

Pending home sales surge to highest level in 18 months

Buyer demand boosts sales

Foreclosure: The Movie… (finally!) coming to a screen near you

In new film, neighborhood of foreclosed homes drives man insane
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Items Tagged with 'Federal Reserve'

ARTICLES

Yellen: No rate hikes for a while

Market responds well to news
Brena Swanson
In her meeting with the Senate Banking Committee on Tuesday, Federal Reserve Chairwoman Janet Yellen said that it would be awhile before the central bank’s Open Market Committee makes a move on interest rates. A choice the market seems to be happy about.
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Feds reissue checks related to the Independent Foreclosure Review

Third attempt to reach eligible borrowers
Trey Garrison
Replacement checks are being mailed this week to borrowers eligible for payment under the Independent Foreclosure Review, according to the Office of the Comptroller of the Currency. Here's what's down with OCC.
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The lull in mortgage lending in 2014

Demand not much better
Brena Swanson
Mortgage lending standards barely changed for any bank toward the end of 2014. While there were some fluctuations in mortgage demand depending on bank size, these charts show just how significant those changes were.
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Beige Book: Economy picked up in late 2014 but not housing

Construction, sales relatively flat at year’s end; oil drop raises alarms
Trey Garrison
The Beige Book looks at all the Federal Reserve districts in excruciating detail. We wade through it all and break out the mortgage finance and housing activity. Here’s what happened.
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Bankrate.com: Expect Fed to move on interest rates by mid-year

But don’t expect mortgage rates to go as high as 5% in 2015
Trey Garrison
Bankrate.com expects movement sooner than others, but not as much of an increase as most. Here’s why.
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Yellen talks interest rates and oil prices

Fed Chair comments on FOMC announcement
Brena Swanson
Federal Reserve Chair Janet Yellen commented on two hot topics in the market right now: interest rates and oil prices. And her answers might surprise you.
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FDIC, other federal buildings lose power

Outage only lasts a few minutes
Brena Swanson
The power has been restored to several federal buildings in Washington, D.C., including the Federal Reserve and Federal Deposit Insurance Corporation, after a transformer explosion at the Office of Personnel Management Monday morning.
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Capital Economics: Any home-price rebound will be temporary

Look for modest 4% price gains through 2015
Trey Garrison
While the tight inventory of homes suggests to some that home-price appreciation may be picking up again, it won’t be long lived. Here's why.
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Monday Morning Cup of Coffee: The biggest drag on homebuying is...

Why the revised FHFA loan limits matter; QM’s effect on 3Q lending
Trey Garrison
QE, ZIRP, opening the credit box, big tax credits - and yet the housing recovery has still been like a tuna sandwich from a gas station -- disappointing at best. But now we may know the real reason homebuyers have held back.
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Strong overall job gains may mean interest rate hikes

Pressure will be on Fed to raise rates
Trey Garrison
With job gains the best since January 2012, what reason can the Fed offer not to raise interest rates, and what will be the effect be on mortgage lending?
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