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Kate Berry

Recent Stories From this Author

Ocwen Settles with California Regulators for $2.5 Million
January 23, 2015 California's Department of Business Oversight said Friday that it will drop its effort to suspend Ocwen Loan Servicing's...

B of A Pressured to Further Reduce Spending
January 15, 2015 Bank of America's expenses still far exceed those of JPMorgan Chase and Wells Fargo, so analysts were clearly disappointed...

Ocwen's Options May Be Limited Following Calif. Threat
January 15, 2015 Facing the prospect of losing its license in California, Ocwen would be wise to settle its probe by state regulators in a...

Citi Promotes Davies to Head of Global Mortgages
January 13, 2015 Jane Fraser, the CEO of CitiMortgage and head of Citigroup's U.S. consumer and commercial banking units, is handing...

Key to Controlling Mortgage Costs: Fewer 'Touches'
January 13, 2015 As banks look to cuts costs and improve efficiency, many are actively trying to reduce the number of times they "touch" a loan...

Rental Boom Boosts Home Values in Hardest-Hit Markets
January 8, 2015 Home values have risen fastest in markets where institutional buyers bought up scores of foreclosed homes and then rented them...

Distressed Outlook: Big Banks Continue to Whittle Down Legacy Loans
December 26, 2014 The nation's largest banks have attacked their delinquent loan portfolios with gusto, but they may hit some barriers in 2015....

Servicing Outlook: Regulatory Scrutiny Persists
December 24, 2014 The CFPB has at least six active investigations into servicers amid concerns that defaulted borrowers will not get foreclosure...

Mortgage Monitor Launches Investigation of Ocwen
December 16, 2014 Ocwen Financial came under fire from Joseph A. Smith, the monitor of the national mortgage settlement, after concerns of...

Fannie Moves Aggressively on New Low-Down-Payment Loans
December 8, 2014 Fannie said it will immediately begin accepting applications for fixed-rate 97% loan-to-value financing of borrowers with FICO...

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