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 'FHFA'

ARTICLES

FHFA: House prices edge up 1.4% in December

Smaller inventories provide upward pressure
Trey Garrison
Smaller inventories helped push house prices slightly higher in December. Here's the rundown on what happened.
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Nationstar snaps up $9.8B MSR portfolio from Ocwen

This transaction is only the beginning
Brena Swanson
In the latest news for Ocwen Loan Servicing, the mortgage servicer is selling the residential mortgage servicing rights on a $9.8 billion portfolio to Nationstar Mortgage, potentially marking the beginning of more servicing transfers.
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CMLA calls on FHFA, Treasury to recapitalize Fannie and Freddie

GSE earnings decline underscore need
Trey Garrison
GSE profits are declining on derivative losses. Now is the time to recapitalize Fannie and Freddie before it's too late, says the Community Mortgage Lenders of America. Here's why.
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Next FHFA HARP outreach in Newark

Tries to capture remaining 652,000 eligible borrowers
Brena Swanson
The Federal Housing Finance Agency continues its tour across the nation to reach homeowners who could benefit from the Home Affordable Refinance Program. This time it will be in Essex County College in Newark, New Jersey, on March 4.
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Altisource Asset Management names controversial exec new CEO

Former BofA executive was defendant in $9B settlement with FHFA
Ben Lane
Altisource Residential, announced Thursday that George Ellison will be the company’s new CEO. Ellison was a named defendant in a lawsuit brought by the FHFA against Bank of America over claims that the bank sold toxic mortgages to Fannie Mae and Freddie Mac from 2005 to 2007.
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Mortgage lending gets riskier for the fifth straight month

Growing share from nonbanks contribute upward pressure
Trey Garrison
The riskiness of mortgage loan originations rose in January, the fifth straight monthly increase. Here’s why, and if it means trouble.
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Freddie Mac posts net income of $7.7B in 2014

Returns $20 billion to the U.S. taxpayers
Trey Garrison
Freddie Mac today reported net income of $7.7 billion for the full-year 2014, compared to $48.7 billion for the full-year 2013. The company also returned an additional $20 billion to the nation’s taxpayers.
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Low down-payment mortgage options return

Except these home loans are safer
Brena Swanson
New programs are starting to allow first-time homeowners back into the housing market by easing the financial burden. This time around, new regulation will help prevent the same type of lending that spurred the financial crisis.
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Does the housing finance industry have a short memory?

Congressional Republicans, securitizers nod in agreement
Trey Garrison
Some people on both the government side and the investment side are starting to wonder whether housing finance is heading down a path that takes it back to 2006. Here's what they're saying.
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FHFA Watt addresses mortgage principal reduction

Mass principal forgiveness too costly
Brena Swanson
The Federal Housing Finance Agency said that the government is still looking at mortgage principal reduction as an option. But how this will be executed is still up for debate.
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