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 'Disparate Impact'

ARTICLES

New York AG to SCOTUS: Uphold disparate impact in housing

Schneiderman, other AGs don’t want discrimination measure thrown out
Trey Garrison
The Supreme Court of the United States is hearing the case of Texas Dept. of Housing vs. Inclusive Communities Project, and while many in the industry welcome the expected rejection of disparate impact theory in housing, others oppose overturning its use. Here’s why.
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SCOTUS hearing disparate impact case could rock housing industry

Ballard Spahr: The likely outcome and long-term effect
Trey Garrison
This week the Supreme Court of the United States is hearing the case of Texas Dept. of Housing vs. Inclusive Communities. This could shake housing to its foundation. Here’s the scoop.
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SCOTUS agrees to hear challenge to disparate impact in housing

Decision in Texas housing case could rock housing, mortgage financing
Trey Garrison
For the third time, the U.S. Supreme Court has assented to hear a case that could overturn the Obama administration’s heavy-handed use of a theory that says even if there’s no evidence of discrimination in housing, unequal outcomes prove there’s discrimination.
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Mark Cuban talks housing and student loan bubbles

And 4 other things you must read right now
Trey Garrison
Billionaire Mark Cuban talks about the student loan bubble and the housing bubble, plus four other stories you shouldn't miss on discrimination in lending, the surge in apartment demand, and more.
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Texas: Drop disparate impact in housing discrimination

Asks Supreme Court to keep doctrine out of fair housing
Trey Garrison
The Texas Department of Housing and Community Affairs is asking the Supreme Court to rule that disparate impact claims are not a part of the Fair Housing Act.
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Are lenders looking to Congress to clear up disparate impact cases?

Kerri Ann Panchuk
Two lawsuits asking for clarity on housing discrimination cases settled before reaching the Supreme Court. Now it seems Congress is looking into the issue.
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Disparate impact case settles, leaving lenders back where they started

Firms had hoped for a Supreme Court decision
Kerri Ann Panchuk
Lenders looking for a U.S. Supreme Court decision on the legal theory of disparate impact in lending discrimination cases will have to wait until another case reaches the nation’s highest court to get clarity. And that could take months – even years, if at all.
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State AGs ask Supreme Court to keep disparate impact alive

Legal theory allows lending discrimination suits to survive without intent
Kerri Ann Panchuk
A recent lending discrimination case settled in Massachusetts illustrates why state attorneys general are pushing to keep the legal theory of 'disparate impact' alive as they pursue Fair Housing Act discrimination claims. But the lending community is pushing back just as hard, taking the fight all the way to the U.S. Supreme Court.
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MBA submits brief as Supreme Court takes up disparate impact

Banks push for bright lines in lending discrimination cases
Christina Mlynski
With the fate of lending discrimination claims sitting in the Supreme Court's jurisdiction, the Mortgage Bankers Association filed a brief with the court to voice the trade group's opinion on how disparate impact claims should be interpreted going forward.
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HUD adopts test for housing discriminaton claims

Kerri Ann Panchuk
The U.S Department of Housing is already receiving criticism from lawmakers after rolling out a three-part test that will be used to determine whether a lender’s...
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