Ocwen: Mortgage bond investors mislead public, push foreclosures

Ocwen: Mortgage bond investors mislead public, push foreclosures

Fires back at “baseless, groundless” charges of mortgage payment negligence

California settlement puts Ocwen on a leash

Prohibited from acquiring California MSRs without state’s approval

Monday Morning Cup of Coffee: Ocwen settles "frustrating skirmish" with California

But that's just over file access, not file content
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Items Tagged with 'California'

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California settlement puts Ocwen on a leash

Prohibited from acquiring California MSRs without state’s approval
Ben Lane
It appears that the threat by the State of California to suspend the mortgage license of Ocwen Financial is over, at least for now. The beleaguered nonbank confirmed that it settled with the California Department of Business Oversight, which was threatening to suspend Ocwen’s mortgage license.
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Here are the hottest neighborhoods for 2015

This year it’s all about affordability
Brena Swanson
This year, buyers are finally shifting away from urban and expensive homes. Instead, it’s all about affordability, and this new list from Redfin found the best of both worlds — the most affordable and convenient neighborhoods for 2015.
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Will 2015 be better for California’s housing market?

Number of underwater borrowers shrinks 28.5% for the year
Brena Swanson
Now that California is past last year’s tepid housing market, it should fare better in 2015, thanks to mortgage interest rates trending lower and loosening mortgage standards.
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Barclays: California situation could destroy Ocwen

Potential settlement could permanently cripple nonbank
Ben Lane
In a note to clients, Barclays analysts suggest that Ocwen may be facing a New York-esque problem in California and wonder if this is the beginning of the end for the troubled nonbank.
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Ocwen stock eviscerated by threat of California license suspension

Beleaguered company says it’s cooperating with California
Ben Lane
To say that Ocwen Financial took a beating on Wall Street Tuesday would be the understatement of the century. The company suffered a loss of more than $550 million in value after news that the state of California was seeking to suspend its mortgage license.
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California threatens to suspend Ocwen’s mortgage license

Fails to comply with state laws
Brena Swanson
It's not just New York that's looking to punish Ocwen Financial for its business practices. Now, the entire state of California is coming after Ocwen, too. And if it succeeds, it would be a massive blow to the nonbank servicer's portfolio of loans.
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Real estate agent narrowly escapes kidnapping by registered sex offender

Agent was lured to model home and taken prisoner
Ben Lane
A California real estate agent is safe after escaping a kidnapping attempt by outsmarting a registered sex offender, who lured her to a house under false pretenses and held her at gunpoint.
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High cost of California housing driving resident exodus

Middle-class priced out in many California markets
Ben Lane
Experts have identified the rising cost of California housing, which boasts many of the nation’s most expensive markets, as the main reason people are leaving the Golden State for greener pastures.
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Redfin: The most competitive neighborhoods for homebuyers in 2014

Sunset district in San Francisco tops the list
Trey Garrison
Redfin looked at their data from 2014 and figured out where the most competitive neighborhoods were. Two guesses where most are located and why. Here's the scoop.
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National MI promotes former CFO to president

Glenn Farrell hired as new CFO
Brena Swanson
National MI is changing up its leadership roles at the company and promoted Jay Sherwood to president of NMI Holdings and its subsidiary company, National Mortgage Insurance Corporation. And as a direct result, the company hired Glenn Farrell as its new CFO.
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