Headlines and Blogs from Around the Web
Ocwen Financial (OCN) has shown such explosive growth that some industry observers have speculated it might have nowhere to go but down.
Jennifer Williams says she often feels like the oldest person on her block. When the 52-year-old corporate communications executive sets off for work in a suit, carrying a briefcase, with her hair in a bun, she is usually surrounded by young people with tattoos and rainbow crocheted skull caps.
Everyone knows it'll come to an end; they're just not happy the party will soon be over. "It" is the Fed's current round of quantitative easing, which for a while now has very effectively supported the bond market, particularly that for mortgage-backed securities.
The second quarter of 2013 continued to see movement of non-agency RMBS away from banks and into the hands of non-bank servicers, according to a new report from Fitch Ratings.
The mayor of a financially struggling Northern California city and several supporters showed up unannounced Thursday at Wells Fargo Bank's downtown headquarters to demand it drop a lawsuit fighting a novel plan to refinance hundreds of "underwater" mortgages.
A majority of Americans are ill-prepared for their long-term care needs as they age, as a new report shows many have not considered the costs of long-term care down the road.
The mayor of a financially struggling East Bay city and several supporters showed up unannounced Thursday at Wells Fargo Bank’s headquarters to demand it drop a lawsuit fighting a novel plan to refinance hundreds of “underwater” mortgages.
Online mortgage company CapWest Mortgage, a division of Farmers Bank & Trust in Great Bend, Kan., announced this week that it is now offering credit unions and community banks expanded secondary market operations including wholesale and mini-correspondent programs, in addition to its existing third-party origination platform.
U.S. housing starts and permits for future home construction rose less than expected in July, suggesting that higher mortgage rates could be slowing the housing market's momentum.
A bank was contractually liable to offer its customers a mortgage modification after they successfully completed the requirements of their trial period plan, the U.S. Court of Appeals for the Ninth Circuit held Aug. 8 (Corvello v. Wells Fargo Bank NA, 9th Cir., No. 11-16234, 8/8/13).
The Dow Jones Industrial Average may have bounced back to a small gain to close the day yesterday, but so far in trading this morning, it's all headed downhill.
Courtesy of old friend Paul Thacker, former Hill staffer and currently a fellow at Harvard's Edmond J. Safra Center for Ethics, here's an interesting addendum to Bloomberg's highly embarrassing Eric-Holder-Caught-Juking-the-Stats story that came out this Sunday.
Stocks are moving lower today as investors come to the realization that the Federal Reserve will slow its $85 billion-per-month bond-buying program something this fall.
It wasn’t the bank. It was the bank’s employees. Seems a fine line, but that’s the distinction that’s been drawn in two of the biggest financial prosecutions since the 2008 crisis.
The attorneys general of 15 states are fighting for a return to state courts for lawsuits alleging that Standard & Poor’s Financial Services LLC issued inflated ratings for mortgage-backed securities leading up to the recession.
Fannie Mae and Freddie Mac, as it turns out, were a pleasant fiction. The quasi-government guarantors of mortgage loans seemed like a good deal for Americans during all the years when they helped guarantee the availability of affordable, long-term home loans without any apparent cost — and, at times, with great private gain for their shareholders.
The Mortgage News Ticker is a collection of news articles, magazine stories and blog posts from around the web. The opinion expressed are those of the news sources and do not reflect that of National Mortgage Professional Magazine, NationalMortgageProfessional.com, NMP Media Corp. or its affiliates.