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Content Category: Required Reading
Radian Asset Assurance Acquired By Assured Guaranty Corp. For $810M
by on December 23, 2014
Assured Guaranty Corp. (AGC), a subsidiary of Assured Guaranty Ltd., is acquiring Radian Asset Assurance Inc., the financial guaranty business of Radian Group Inc., for [read more]
Ocwen Settles With NYDFS For $150 Million; Erbey Steps Down
by on December 22, 2014
Mortgage servicer Ocwen has agreed to pay a $100 million civil penalty to settle allegations brought by the New York Department of Financial Services (NYDFS) [read more]
Monitor Finds More Problems At Mortgage Servicer Ocwen
by on December 16, 2014
Joseph Smith, the federal monitor overseeing the 2012 national mortgage settlement, wrote in a recent report that mortgage servicer Ocwen Financial Corp. may have improperly [read more]
Ocwen Buys Pool Of Ginnie MSRs With UPB Of $253 Million
by on December 15, 2014
Mortgage servicer Ocwen Financial Corp. recently purchased 1,705 delinquent Federal Housing Administration-insured loans with an unpaid principal balance (UPB) of $253.1 million from Ginnie Mae. [read more]
Aquiline Capital Partners To Become Majority Investor In LenderLive
by on December 15, 2014
New York-based private equity firm Aquiline Capital Partners has signed a deal to become a majority investor in end-to-end mortgage technology and services company LenderLive [read more]
Zillow: Buying Twice As Affordable As Renting
by on December 09, 2014
According to a recent Zillow analysis of third-quarter income and home value data, it is now more affordable to buy a home in most U.S. [read more]
Fannie, Freddie Lower Down Payment Requirements
by on December 08, 2014
In an effort to entice more first-time home buyers into the market, as well as to help lenders make more loans to "underserved" borrowers, government-sponsored [read more]
New Index Shows First-Time Home Buyers Not So Absent After All
by on December 05, 2014
The American Enterprise Institute's (AEI) International Center On Housing Risk has released a new First-Time Buyer Mortgage Share Index (FBMSI) showing that first-time home buyers [read more]
New Tool Will Protect N.Y. Homeowners From Foreclosure Rescue Scams
by on December 03, 2014
New York Attorney General Eric Schneiderman on Tuesday introduced AGScamHelp, a new website where homeowners battling foreclosure can check and see whether a particular foreclosure [read more]
CFPB Expands, Clarifies Rules Related To Foreclosure
by on November 21, 2014
The Consumer Financial Protection Bureau (CFPB) is proposing numerous new rules for mortgage servicers to ensure that - in the words of CFPB Director Richard [read more]
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