Items Tagged with 'Nebraska'


  • Ocwen reaches mortgage servicing settlement with Nebraska

    Latest in string of settlements with states over servicing issues
    Ocwen Financial disclosed Monday that it settled a number of pending legal matters, but those weren’t the only settlements the nonbank announced. Ocwen also disclosed Monday that it reached a settlement with Nebraska to remove the state’s restrictions on Ocwen’s business.
    Read More
  • Monday Morning Cup of Coffee: Don't worry, Warren Buffett says there's no housing bubble

    And then he puts his money where his mouth is
    Over the weekend, thousands of enthusiastic followers of Warren Buffett descended on Nebraska to hear from the famed "Oracle of Omaha" at Berkshire Hathaway’s yearly meeting. During the meeting, Buffett touched on the economy, investing, politics and life. And housing. Quite a bit about housing, actually. Here's your full recap, plus more on Buffett's burgeoning homebuilding empire. All that and more, in your Monday Morning Cup of Coffee.
    Read More
  • Former TierOne Bank CEO gets 11 years in federal prison

    Charged with fraudulently concealing loan and real estate losses
    On Wednesday, U.S. District Judge John Gerrard ordered the former CEO of TierOne Bank to 11 years in prison. Why? Well, as it turns out, what happens in Vegas doesn't always stay in Vegas, especially when it comes to defrauding investors. Here's a breakdown of the criminal activity.
    Read More
  • Fed's Hoenig: Allow Institutions to Fail

    Troubled financial institutions at times ought to be allowed to fail and their operations sold off, said Thomas Hoenig, president and CEO of the Federal Reserve Bank of Kansas City, in a speech Friday in Omaha, Neb. "We understandably would prefer not to 'nationalize' these businesses, but in reacting as we are, we nevertheless are drifting into a situation where institutions are being nationalized piecemeal with no resolution of the crisis," he said.
    Read More