Ocwen Financial Corp. is being examined over whether it improperly stalled short sales by borrowers who owe more than their homes are worth
The deal resolved claims relating to the underwriting and servicing of loans in more than 300 residential mortgage-backed securitization trusts.
Ocwen Financial came under fire from Joseph A. Smith, the monitor of the national mortgage settlement, after concerns of conflicts of interest were raised by an unnamed whistleblower.
Treasury Secretary Jacob Lew's decision to give more help to homeowners who have already gotten mortgage assistance has sparked opposition from Republicans aiming to end President Obama's foreclosure prevention program.
The private equity firm Aquiline Capital Partners has reached an agreement to become the majority investor in LenderLive Network.
From Our Blogs
»New Subprime Loans Use Less Technology
»Are Servicers Ready for the Next Wave of Defaults?
»The Tale of Two Masters
»Roulette Red Quickly Turns into Red Rocks Outside Las Vegas
»Vegas Dining Makes a Bid to Provide Quality as Well as Quantity
»Private Mortgage Securitizations Have a Math Problem
»REO Brokers Should Diversify Services, but
»Social Media Dialogue Adds Digital Element to MBA Annual Experience
»What the DOJ Wants When It Comes Knocking
»The Scientific Approach to Mitigating Operational Risk
- November Auction.com Real Estate Nowcast Predicts Existing Home Sales of 5.25 Million Units
- Auction.com Named One of AlwaysOns OnMobile Top 100 Companies for 2014
- Commercial Real Estate Recovery Continues to Strengthen According to Auction.com Research Report
- National Field Representatives Celebrates 25th Anniversary
- IDS Creates Internal Team to Manage Mortgage Doc Prep System Integrations