Closing Complex Loans Faster With a Digitized Client Workflow

Join us for a discussion on changes in market demographics, suppliers and how focusing on customer experience and a few simple steps during the mortgage loan process can close deals 3x faster. event: All eyes on purchase

To help power your business forward, we’re bringing together the smartest minds in purchase mortgage marketing to share the insights, tactics and strategies that set leaders apart.

Home appraisal’s ugly history and uncertain future

This is Part I of a deep dive into the home appraisal industry. Today we explore the origins of the appraisal industry and its current lack of diversity.

The digital journey starts at acquisition

Download this white paper to learn how to build a tech-enabled acquisition strategy that will directly contribute to a lender’s ability to maximize profitability and remain competitive.


Judge tosses Ocwen home inspection lawsuit

Ends one of several lawsuits against Ocwen

A federal judge dismissed a class action lawsuit accusing Ocwen Financial (OCN) of fraudulently billing hundreds of thousands of homeowners for needless property inspections. Per Reuters:  

The order by U.S. District Judge Otis Wright in Los Angeles on Thursday ends one of several lawsuits across the country accusing mortgage servicers of charging excessive fees after homeowners miss mortgage payments, pushing them further into debt.

According to the article, while the lawsuit said Ocwen decided to "game the system" by charging borrowers unreasonable fees for property inspections, the judge said the homeowners had no right to enforce the Fannie Mae guidelines because they were not a party to them.

Homeowners' entire theory of wrongdoing depended on the servicing guidelines, and without them they had no case, he said.

"We are pleased and agree with the decision of the court," Ocwen spokesman John Lovallo told HousingWire.

Ocwen continues to make headlines in the industry. Earlier this week, the company announced that after conducting a “strategic review” of its operations, it is shutting down its residential mortgage servicing operations at its facility in Houston.

Most Popular Articles

Fannie Mae, and the housing market’s inflation problem

Another month of steadily increasing home prices and insatiable demand led Fannie Mae’s Economic and Strategic Research Group to alter many of its 2021 predictions – in particular, its outlook on the symbiotic relationship between the housing market and inflation measures.

Jun 16, 2021 By

Latest Articles

Doug Duncan and the housing market’s supply conundrum

The housing market has suffered due to high material prices, spend-anything buyers & a lack of supply. A return to normalcy will require big changes. HW+ Premium Content

Jun 18, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please