Homeowners

ARTICLES

Here's a detailed breakdown of Ocwen's new restrictions by state

A deeper dive reveals what Ocwen can and can’t do going forward
The servicing issues at Ocwen Financial are allegedly so widespread that some states are placing stricter restrictions on the nonbank, beyond freezing the company’s ability to acquire new mortgage servicing rights and originate new mortgage loans. In fact, in one state, Ocwen has basically been put of out business entirely.
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Final Jeopardy for Richard Cordray

Is the CFPB stonewalling?
On April 5, 2017, Richard Cordray, the director of the Consumer Financial Protection Bureau, gave his semiannual testimony before the House Financial Services Committee. Chairman Jeb Hensarling spent only minutes grilling the former Jeopardy! champion about CFPB stonewalling employees. But there's more to the story, and this is just the start.
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Here's what will happen in housing and mortgages regardless of what Trump does next

This HousingWire webinar will give us a reality check
Trump news is everywhere. Most of it is speculation as to what he will do next, and what it will mean for the mortgage and housing markets. But, here's how to find out what will happen in the housing and mortgage markets regardless of what Trump does. Hurry, sign up now! Today's the day for this FREE webinar!
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Airbnb updates security after hackers hijack accounts to rob hosts' homes

Scammers imitate highly rated users, book stay, then steal from host
There’s no doubt that Airbnb is causing a disruption in local housing markets, as the short-term rental website, and others like it, have been accused of making housing more expensive in certain communities and placing some units completely out of reach except for short-term renters. But Airbnb has a new problem on its hands.
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[Graphs] Here's what it typically takes to lock in a home purchase in Texas

This is an inside look at Texan homebuyers
Texas’ housing market is as hot as the state’s scorching summer heat, as the market reaches new peaks in sales and home prices. So who are the homebuyers that are able to break into the market? This new Texas Association of Mortgage Bankers’ report provides an in-depth look at the people who are snagging a piece of the pie in the quickly growing housing market.
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Home prices rising, yes, but not as fast as homeowners think

Homeowners and appraisers disagree on home values
Quicken Loans released its monthly Home Price Perception Index, which showed while home prices are increasing, it is not as fast as homeowners think. This is the fourth consecutive month the gap between homeowner opinions and appraised values increased. The index shows, however, this doesn’t hold true for the West Coast.
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United Shore to pay $1.4 million for allegedly overcharging California borrowers

CEO Mat Ishbia: We didn't benefit one penny and not one borrower was harmed
United Shore Financial Services, the parent company of United Wholesale Mortgage, will pay $1.4 million as part of a settlement with the California Department of Business Oversight, which accused the lender of overcharging “thousands” of borrowers for interest on their mortgages. But the company's CEO says that the fine is for a long-fixed problem and that the company didn't benefit at all from the alleged overcharging.
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Vacation home sales plummet in 2016

But investment sales are on the rise
Home sales increased in 2016, however the share of vacation rentals plummeted to levels not seen in several years. But even as vacation-home purchases dropped, investment properties increased year-over-year.
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Better Mortgage continues push into purchase mortgages

Launches “verified” pre-approval letter for borrowers
Earlier this year, online mortgage lender Better Mortgage said that it raised $15 million and planned to use the money to launch and expand Better's home purchase finance product on the company’s website. Now, the company is continuing its push into purchase mortgages by rolling out a “verified” pre-approval letter for borrowers.
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Tesla takes next step in solar energy revolution, unveils new solar panels

Already plans production of solar roof
Tesla, which got into the solar energy business last year with the acquisition of SolarCity, is taking the next step in its plan to revolutionize the acquisition, storage, and use of solar energy with the introduction of its own version of solar panels. What does it mean for the solar energy business? And what does it mean for the mortgage business?
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