Browse articles from all of our Newsletters related to State Regulators.
July 29, 2016 - Inside Nonconforming Markets
Ocwen Financial reported a net loss of $87.20 million for the second quarter of 2016, with most of the loss related to so-called legacy issues. A planned settlement with the Department of Justice of two lawsuits involving the Home Affordable Modification Program and FHA mortgages caused $40.10 million in pre-tax losses for the nonbank lender-servicer. The company also paid $28.10 million during the quarter to cover the cost of monitoring settlements involving federal regulators ...
Most Popular Stories
- What Were Hearing: Is the CFPB to Blame? / Or Maybe the Math Doesnt Work / If Only the C&I Market Would Return / NAR is Happy with TRID 2.0 / Subprime Lending Continues to Hum / Whats Wrong with a 7 Percent Mortgage?
- Commercial Mortgage Securitization Took a Tumble in 2Q16; Non-Agency Issuance Hits Four-Year Low
- Thanks to Plunging Interest Rates, Loan Production Hit a Three-Year High in 2Q16; Huge Gains at Some Shops
- Impac Posts Strong Profit Gain; Originations Increased 38 Percent in 2Q16
- Home Point Financial Inks Deal to Buy Emery Financials Assets