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 'Financial crisis'

ARTICLES

Federal judge approves Detroit’s bankruptcy plan

Did Detroit’s housing market just turn a corner?
Brena Swanson
Detroit’s housing market was one of the most severely attacked during the financial crisis, leaving a wasteland of foreclosed and abandoned homes. But a new ruling might help give the city the extra boost it needs.
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Five years later, banks have not forgotten your debt

Americans still face post-foreclosure consequences
Brena Swanson
As Americans slowly rebuild their finances in the aftermath of the financial crisis, debt collectors are lurking around asking for money that borrowers unknowingly still owe.
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Chris Whalen: The Great Recession’s true impact

What has really changed?
Brena Swanson
It’s been about half a decade since the Great Recession, and the economy still has room for improvement. Christopher Whalen argues that the low-interest-rate environment that arguably helped cause the 2008 financial crisis remains in place today.
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Are appraisers holding back housing?

New rules hinder appraisals
Brena Swanson
Although a new study indicates that inflated appraisals are less common today, the impact of low appraisals may be problematic in its own right — higher levels of loan rejections that put a damper on the housing market.
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Are subprime mortgages coming back?

Lenders missing opportunity to make more money
Brena Swanson
It’s time to return to the days of subprime lending, at least that's what this one article suggests. But not the subprime lending that is negatively associated with the financial crisis.
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Home price decline not as severe as once reported

Case-Shiller revises data
Brena Swanson
Now that the economy has had seven years to digest the financial crisis, the real impact of the recession might not be as bad as it appeared, according to new data from S&P/Case-Shiller.
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Countrywide’s Mozilo speaks: “We didn’t do anything wrong”

Former CEO fights back against coming lawsuit
Brena Swanson
Six years after the financial crisis and the government is still seeking justice for the financial crisis, targeting Countrywide Financial co-founder Angelo Mozilo. But to Mozilo, he did nothing wrong.
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Why is George Soros staking a huge claim in AIG and Ally?

Bets on AIG, moves out of Visa, MasterCard
Trey Garrison and Brena Swanson
Soros Fund Management is putting a giant stake in the firm that received an $85 billion bailout during the subprime mortgage crisis. A $98.4 million stake to be exact, which makes AIG the second largest investment for one of the world's biggest investors.
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Investors eye non-performing loan securitizations

Interest in delinquent loans is increasing
Brena Swanson
With the housing recovery in full swing, it is now fueling a niche market for newly minted bonds that are backed by the most troubled mortgages of them all: those on homes on the verge of foreclosure.
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Before you judge Dodd-Frank...

Urban Institute: "Can we really calculate the cost?"
Brena Swanson
Now four years old, Dodd-Frank is struggling to measure up to its original design. But according to the Urban Institute, before disregarding Ddd-Frank as a fail, understand that it is complex and difficult law.
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