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December 22, 2014

Ocwen Settles with NYDFS for $150 Million; Erbey Out as Exec Chairman; Is Faris Next?

By Paul Muolo

But Erbey's resignation may not be enough for analysts and investors who have seen the value of Ocwen’s stock plummet the past year.

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Poll

With rates higher this year, there has been talk of lenders liberalizing their underwriting standards in an effort to increase volume and make up for lower refis.

Do you think your shop will loosen standards over the coming three months?

Yes, but not by much.
Yes, by a lot.
Yes and, heck, we may even do non-QM lending.
No, not at all.
No and we may even tighten credit.

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