A House With a Modified Loan Is a Symbol of Servicers’ Tug of War With Investors
Ocwen Financial, a relatively unknown company, has come to occupy a large and crucial presence at the center of the mortgage market in recent years.
View ArticleNew York Demands Data From Mortgage Firm Nationstar
New York State’s superintendent of financial services says his office received “hundreds” of consumer complaints about problems related to Nationstar’s mortgage modifications, improper fees and lost...
View ArticlePitfalls of Reverse Mortgages May Pass to Borrower’s Heirs
The loans that promised to help older people stay in their homes in retirement are, in some cases, now pushing their children out.
View ArticleG.A.O. Report Sees Deeper Bank Flaws in Foreclosures
When regulators decided to end the independent foreclosure review last year, most banks had not completed the examinations of their foreclosure practices.
View ArticleBig Banks Erred Widely on Troubled Mortgages, U.S. Regulator Confirms
A new report from a banking regulator offers a snapshot of the morass of problems that mortgage holders who fell behind in payments experienced during the financial crisis.
View ArticleA Second Chance to Help Families Save Their Homes
Federal housing agencies have an opportunity to reconsider policies that prevent nonprofits from helping troubled borrowers keep their homes, writes Jennifer Taub, the author of "Other People's Houses."
View ArticleInvestors Who Bought Foreclosed Homes in Bulk Look to Sell
Rising home prices and a declining supply of inexpensive foreclosed houses have led some investment companies to lock in profits by unloading homes.
View ArticleAmerican Homes Acquires Rival in Buy-to-Rent Business
In what could be the start of a wave of consolidation in the business of buying single-family homes to rent them out, American Homes 4 Rent said it was buying a smaller competitor backed by Beazer Homes.
View ArticleInvestors Profit From Foreclosure Risk on Home Mortgages
The recovery in housing is creating a market for bonds that are backed by the mortgages on homes on the verge of foreclosure.
View ArticleFederal Sale of Troubled Mortgages Draws Criticism From Community Groups
A research report says that the government should give nonprofit groups a better chance to buy distressed mortgages.
View ArticleConsumer Agency Penalizes Flagstar Bank Over Mortgage Servicing
The Consumer Financial Protection Bureau's action against Flagstar Bank is a harbinger of others that could be brought under new mortgage servicing guidelines.
View ArticleNew Policy Goes Only Partway in Helping Struggling Homeowners
The Federal Housing Finance Agency is allowing people who have lost their homes to buy them back at fair market value. But that doesn't help people still in their homes, Jennifer Taub writes in the...
View ArticleRegulator Finds Deficiencies With Mortgage Servicer Ocwen Financial
A national monitor has found that Ocwen has failed to comply with a settlement to ensure that struggling borrowers are treated properly.
View ArticleOcwen Chairman to Step Down in Settlement With New York Regulator
After an investigation into conflicts of interest, William C. Erbey has agreed to step down from his position as chairman of Ocwen and four other related companies.
View ArticleOcwen and Bondholders Clash Over Mortgage Services
Ocwen Financial is accusing a group of mortgage-bond investors of pushing for fast foreclosure and objecting to principal reductions on billions of dollars in mortgages.
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