The Democratic Senator from Ohio is urging the heads of the Federal Reserve, OCC, and FDIC to resist pressure from Wall Street banks to weaken the rules that require the banks to hold more capital.
Read More »HARP Refi Numbers Dwindling Despite FHFA’s Efforts
The Home Affordable Refinance Program (HARP) program was launched in 2009 to help homeowners save money on their monthly mortgage payments, but fewer and fewer eligible borrowers are taking advantage of it.
Read More »Foreclosure Plaintiffs Win Against Wells Fargo
The court agreed with the borrowers that the 2013 foreclosure action by Wells Fargo is time-barred by the state’s five-year statute of limitations; however. . .
Read More »Consumers More Likely to Choose Non-Mortgage Debt Over Mortgages
When faced with a choice as to what type of debt they will take on, mortgage debt often loses out.
Read More »Ocwen Re-Initiates Stock Repurchase Program
In the SEC filing, Ocwen said there can be no assurance to how many shares it will repurchase at any given period under the share repurchase program, if any at all are purchased.
Read More »Two New York Senators Allocate $120K to Foreclosure Prevention
As the state of New York heads into the Thanksgiving Holiday, two local Senators are raising awareness of the ongoing foreclosure crisis in parts of the state.
Read More »West Coast Cities Dominate When it Comes to Home Values
The best U.S. cities for watching home price inflation appear to be concentrated along the West Coast. In what markets are prices at an all-time high?
Read More »Wells Fargo Relocates 350 Servicing Employees
The Wells Fargo representative said servicing team members “have been informed that their work sites are being relocated from multiple locations in Charlotte to our Fort Mill servicing center early next year.”
Read More »GDP Growth Rate Expands in Second Q3 Estimate as U.S. Awaits Fed Liftoff
Is the increase in the rate of GDP growth another sign of the economic growth the Fed is looking for in order to raise rates at their December meeting?
Read More »SFR Securitizations Appreciating in Value
The most seasoned transactions experienced the most appreciation; the transaction with the highest level of appreciation was the very first one that was issued, IH 2013-SFR1.
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