Mortgage Tech Demo Day

In a half-day format, technology companies will demo their platforms and answer questions. You can tune in for the whole demo day, or strategically drop in on sessions to learn about specific solutions.

DOJ v. NAR and the ethics of real estate commissions

Today’s HousingWire Daily features the first-ever episode of Houses in Motion. We discuss the Department of Justice’s recent move to withdraw from a settlement agreement with the NAR.

Hopes for generational investment in housing fade in DC

Despite a Democratic majority, the likelihood of a massive investment in housing via a $3.5 trillion social infrastructure package appears slim these days. HW+ Premium Content

How non-QM lenders can make the origination process easier for brokers

As a leader in non-QM loans, Angel Oak Mortgage Solutions offers the expertise and technology to make a broker's life easier - not harder.


Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Wilbur Ross, the high-risk turnaround exec famous for charging into metaphoric burning buildings of European financial institutions, is leaving Ocwen Financial (OCN) and several other companies where he serves as a director.

Ross, chairman and chief strategy officer of WL Ross & Co., will be assuming the role of vice chairman of the troubled Bank of Cyprus, serving under the bank's newly elected chairman, Josef Ackermann, formerly CEO of Deutsche Bank.

"I am delighted to help Chairman Ackermann and President and CEO John Hourican revitalize this institution," Ross said.

EU rules limit directorships of bank officers, requiring that he resign from several other Boards of Directors, including Assured Guaranty Ltd., International Automotive Components Group, International Textile Group, NBNK Ltd., Navigator Holdings Ltd. and Talmer Bancorp Inc.

Ross, a distressed asset investor, has been involved in a number of high-dollar real estate deals and company restructurings over the past decade. In October 2012, Ocwen bought Homeward Residential from WL Ross & Co for $750 million.

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