Content Category: Required Reading
New Home Sales Down 14.5% In March
on Wednesday April 23 2014 by MortgageOrb.com print the content item
Spring home shoppers apparently remained in hibernation through March, as new home sales dropped 14.5%, compared to February, to reach their lowest level in eight [read more]
NAR: Existing-Home Sales Stagnant In March
on Tuesday April 22 2014 by MortgageOrb.com print the content item
Existing-home sales were basically stagnant in March, dropping 0.2% to a seasonally adjusted annual rate of 4.59 million - just slightly below the February rate [read more]
Lawsky Investigating Possible 'Self-Dealing' At Ocwen
on Monday April 21 2014 by MortgageOrb.com print the content item
Benjamin Lawsky, superintendent of New York's Department of Financial Services, who in February put a hold on Ocwen Financial's bid to acquire mortgage-servicing rights (MSRs) [read more]
Greenwich Estate Sells For Record $120 Million
on Wednesday April 16 2014 by MortgageOrb.com print the content item
One of the most expensive single-family residential properties in the U.S. sold last week for a whopping $120 million. Copper Beech Farm, a 51-acre property [read more]
Bank Of America Settles With FGIC For $950 Million
on Wednesday April 16 2014 by MortgageOrb.com print the content item
Bank of America Corp. will pay $950 million to settle claims brought by mortgage insurer Financial Guaranty Insurance Co. (FGIC) and several groups of investors [read more]
Ellie Mae: Network Outage Was Not Due To Malicious Attack
on Monday April 14 2014 by MortgageOrb.com print the content item
Loan origination system (LOS) provider Ellie Mae reports that the recent network outage that affected its customers two weeks ago was not due to a [read more]
AMCs Generally Receptive To Proposed 'Minimum Requirements' Rule
on Tuesday April 08 2014 by Patrick Barnard print the content item
Six federal agencies including the Office of the Comptroller of the Currency (OCC) and the Consumer Financial Protection Bureau are currently collecting public comments on [read more]
Fenway Summer Acquires Ethos Lending, Gears Up To Offer 'Non-QM' Loans
on Monday April 07 2014 by MortgageOrb.com print the content item
Fenway Summer, the advisory and venture firm launched last year by former Consumer Financial Protection Bureau (CFPB) Deputy Director Raj Date, is gearing up to [read more]
OIG Says CFPB Isn't Following Its Own Examination Guidelines
on Friday April 04 2014 by MortgageOrb.com print the content item
The Consumer Financial Protection Bureau (CFPB) needs to improve the efficiency of its program for supervision of banks and non-banks, the Office of the Inspector [read more]
Senate Finance Committee To Act On Mortgage Debt Forgiveness
on Wednesday April 02 2014 by MortgageOrb.com print the content item
The Senate Finance Committee is expected to mark up a bill on Thursday that would extend 45 tax provisions - including the Mortgage Debt Forgiveness [read more]
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