DS News

DS News

Ocwen Responds to Nonperformance Allegations

By Brian Honea Atlanta-based mortgage servicer Ocwen Financial has responded to a Notice of Nonperformance filed on Friday by law firm Gibbs & Bruns on behalf of investors BNY Mellon, Citibank, Deutsche Bank, HSBC, US Bank, and Wells Fargo. The post Ocwen Responds to Nonperformance Allegations appeared first on DSNews. Via:: Ocwen Responds to Nonperformance Allegations       

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Senate Banking Committee Chairman Names Members of Subcommittees

By Brian Honea U.S. Senator Richard Shelby (R-Alabama), who was elected chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs earlier this month, has announced the members of the five banking subcommittees for the 114th Congress, according to an announcement from the SBC. The post Senate Banking Committee Chairman Names Members of Subcommittees appeared first on DSNews. …

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Can HAMP Borrowers Absorb Higher Payments When Mods Reset?

By Brian Honea Approximately half a million homeowners who received a mortgage loan modification in 2010 through the government’s Home Affordable Modification Program, commonly known as HAMP, are due to reset in 2015 – and those homeowners will be facing slowly increasing monthly mortgage payments. Will these homeowners be able to handle the payment increases, or will there be a …

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Freddie Mac to Auction $410 Million Worth of Delinquent Mortgage Loans

By Brian Honea Government-sponsored enterprise Freddie Mac has announced that it will begin its second sale of “deeply delinquent” mortgage loans in three pools worth approximately $410 million. Delinquent loans left over from a wave of foreclosures following the housing bust have dogged Freddie Mac and its sister GSE, Fannie Mae. The conservator for both GSEs, The post Freddie Mac …

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DS News Webcast: Monday 1/24/2015

By Jordan Funderburk A measure of leading U.S. economic indicators rose again in December, advancing for a fourth straight month as most components improved. The Conference Board’s Leading Economic Index, which gauges the near-term economic outlook based on a variety of indicators, increased 0.5 percent in December to 121.1, the group reported Friday. The increase fell between November’s … The …

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Florida Man Receives 21-Month Prison Sentence for Fraud

By Brian Honea A Florida man has been sentenced to 21 months in federal prison for a fraud scheme perpetrated against businesses and individuals seeking lines of credit, according to an announcement on Friday from Christy Romero, the Special Inspector General for the Troubled Asset Relief Program (SIGTARP). The post Florida Man Receives 21-Month Prison Sentence for Fraud appeared first …

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Report: Investors Move Toward Potential Ocwen Lawsuit

By Tory Barringer A group of mortgage bond investors has sent Ocwen Financial Corp. a notice of non-performance in what could be the precursor toward a future lawsuit. The post Report: Investors Move Toward Potential Ocwen Lawsuit appeared first on DSNews. Via:: Report: Investors Move Toward Potential Ocwen Lawsuit       

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Mississippi Has Highest Delinquent Mortgage Rate Again

By Brian Honea Just as it did in November, Mississippi led all states with the highest percentage of non-current mortgages and serious delinquent mortgages in December, according to data released recently as part of Black Knight Financial Services’ December 2014 “First Look” at mortgage data released Friday. The post Mississippi Has Highest Delinquent Mortgage Rate Again appeared first on DSNews. …

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