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Kate Berry

Recent Stories From this Author

Moody's Downgrades Ocwen Servicer Rating, Citing Regulatory Risks
August 29, 2014 Moody's Investors Service downgraded two servicer ratings for Ocwen Loan Servicing, reflecting additional scrutiny by...

Tozer Says Watchdog's Criticisms of Ginnie Are Actually Positives
August 27, 2014 Ginnie Mae President Ted Tozer took issue with a government watchdog report that criticized both his agency and the...

Bank of America's Next Big Countrywide Problem
August 27, 2014 The Charlotte, N.C., bank has lost more than $60 billion on its acquisition of Countrywide, including the cost of last week's...

GSEs, Ginnie Overlooked 'Red Flags' in TBW Fraud Scheme: Watchdog
August 25, 2014 Fannie Mae, Freddie Mac and Ginnie Mae all overlooked warning signs about Taylor, Bean & Whitaker that make them partly to...

Moynihan's Next Act: Fixing B of A's Business
August 21, 2014 Brian Moynihan has been in charge of Bank of America for nearly five years, and he has spent most of that time in lawyer mode,...

Force-Placed Insurance Kickbacks Still Alive
August 18, 2014 The Federal Housing Finance Agency banned banks and mortgage servicers from accepting commissions on force-placed insurance...

How a $600 Servicing Error Snowballed into a $16M Jury Verdict
August 13, 2014 PHH is appealing one of the largest judgments ever awarded in a mortgage case. The dispute encapsulates many of the problems...

'Payment Shock' on HELOCs May Be Overblown: TransUnion
August 7, 2014 Though some borrowers will suffer from payment shock when home equity lines reach their end-of-draw-period after 10 years, the...

Big Banks' Mortgage Volume Soars, But Profits May Still Be Grounded
July 25, 2014 It sounds liked a great business formula: home loans soared at several megabanks last quarter after they spent months cutting...

PHH's CEO Messina Also to Head Mortgage Unit
July 25, 2014 Since PHH is now a pure-play mortgage company, it made sense to have just one executive running the business, industry experts...

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