As per Reuters, Ocwen Financial Corp. (OCN) has emerged as the top contender to buy a portfolio of mortgage collection rights worth $1 billion from Ally Bank – a unit of Ally Financial Inc. This the latest development in Ocwen’s long list of mortgage servicing rights (MSR) acquisitions.

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NAR bans “pocket listings”

The National Association of Realtors board of directors voted 729-70 on Monday to ban the controversial practice of “pocket listings.”

Nov 12, 2019 By

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CFPB to consider changing or eliminating TRID rule

The CFPB has been taking a long, hard look at some of its rules and regulations. Next up on its list to review is TRID, and it looks like eliminating the rule entirely is not off the table.

Nov 20, 2019 By
3d rendering of a row of luxury townhouses along a street

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