Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
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Items Tagged with 'Housing'

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CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections
Brena Swanson
The Consumer Financial Protection Bureau is proposing additional measures to ensure that homeowners are treated fairly by mortgage servicers. Here are the key changes.
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[CHART] FHFA: G-fees more than double in 4 years

Chronological changes in g-fees
Brena Swanson
The Federal Housing Finance Agency’s sixth annual report on the single-family guarantee fees charged by Fannie Mae and Freddie Mac included data from 2009 to 2013, showing just how intensely g-fees have increased in four years.
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Fannie Mae: Don't expect 2015 to be a breakout year for housing

New year will likely mirror 2014
Brena Swanson
“The housing market continues to grind its way upward, but we don’t expect a breakout performance in 2015 as the fundamentals remain somewhat muted,” said Fannie Mae Chief Economist Doug Duncan.
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Genworth: G-fee increases to hurt mortgage lending

53% say increases will result in fewer loans
Brena Swanson
The Federal Housing Finance Agency announced in June that it was seeking industry opinion on Fannie Mae and Freddie Mac guarantee fees, and while the results of this have not been revealed, a new survey of mortgage bankers gives a preview into what lenders expect to happen with increases.
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Smaller home sizes usher in more affordable housing

Newly built homes shrink in size
Brena Swanson
The shrinking size of newly built, single-family homes in the U.S. could be the beginning of a shift toward more affordable houses.
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First National expands into mortgages as others walk away

Acquires six locations from BofA
Brena Swanson
First National Corporation, the holding company for First Bank, continues to break into an industry where a lot of others are pulling away by buying up bank branches and opening up mortgage divisions.
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FHFA Director: "Significant challenges remain" for Fannie Mae and Freddie Mac

Mel Watt makes first appearance before Congress
Brena Swanson
The FHFA director went before the U.S. Senate Committee on Banking, Housing, and Urban Affairs Wednesday morning to give an update on Fannie Mae, Freddie Mac and the Federal Home Loan Bank. And while the government-sponsored enterprises have come a long way since the crisis, FHFA Director Mel Watt noted in his hearing that they still have a ways to go.
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FHFA Inspector: $353 million in criminal fines and restitution

Semiannual report delineates agency accomplishments
Brena Swanson
The Office of Inspector General for the Federal Housing Finance Agency released its eighth semiannual report to Congress, showing just how busy the FHFA has been for the past several months, including the $16.65 billion BofA settlement.
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PropertyRadar: Spring could bring hope for California homebuyers

Median home prices remain unchanged
Brena Swanson
The median price of a California home in October remained unchanged from September, reaffirming a continuous trend of flat price increases and potentially paving the way for a better spring homebuying season.
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More baby boomer parents move in with their kids

It’s not just millennials
Brena Swanson
While millennials are commonly reported to be moving in with their parents, another group of people have been quietly doubling up: baby boomers and their own aging parents.
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