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Kate Berry

Recent Stories From this Author

Banks Stir Controversy in Push to Exempt Portfolio Loans from QM
May 1, 2015 Banks want all loans held in portfolio to be classified as ultrasafe regardless of the underwriting characteristics or of a...

Ocwen Shares Rise 19% as It Allays Some Investor Concerns
May 1, 2015 Ocwen Financial's shares jumped 19% to more than $10 a share as of late morning Friday, the day after it reported a...

Ocwen Auditor May Issue 'Going Concern' Warning: CEO
April 30, 2015 The troubled Atlanta mortgage servicer's independent auditor has again delayed its 2014 financial results and has raised...

Refis Surge, But Bankers More Buoyant About Home Purchases
April 27, 2015 With low rates tempting more home owners to refinance and relaxed down payment requirements spurring more home sales, bankers...

Ginnie Mae's Quandary: Scant Resources to Police Nonbanks
April 22, 2015 As banks have largely ceded the market for government-backed loans to nonbank lenders and servicers, it's fallen on Ginnie Mae...

Nonbank Mortgage Lenders Bite Back
April 8, 2015 Independent lenders rebut suggestions that they pose a greater risk to FHA (and hence taxpayers) than the large banks.

Banks Cede FHA Market Share to (Gulp) Thinly Capitalized Nonbanks
April 6, 2015 The shift in market composition is fueling concerns that if defaults rise, the Federal Housing Administration would have a...

Warning: Quality Control May Be Hazardous to Banks' Legal Health
April 1, 2015 Wells Fargo's quality-control procedures will play a key role in a closely watched mortgage-fraud case that could go to trial...

Servicers in DOJ's Crosshairs Following JPM Robo-Signing Settlement
March 25, 2015 The Justice Department's Clifford White is putting all mortgage servicers on notice that they too will be punished if they...

Nationstar's Stock Drops 10% After Capital Raise
March 25, 2015 Investors punished Nationstar Mortgage, sending shares down more than 10% Wednesday, down $3.15 a share to $27.96 a share,...

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