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CFPB Continues to Find Problems with Mortgage Servicing Practices. Are There Other Ocwens Out There?

April 27, 2017
Thomas Ressler
Other servicing-related issues identified include premature foreclosure filings, mishandling of escrow accounts, incomplete periodic statements and dual tracking.
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Mortgage M&A Percolates; Texas Advisor Working on At Least Six Deals

April 27, 2017
Paul Muolo
Chuck Klein of Mortgage Banking Solutions said M&A activity is “hopping along pretty good these days.”
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VA Seeks Comment on Cutting Allowable Fees for Vet Home Borrowers

April 27, 2017
George Brooks
The VA Loan Guaranty Service wants to hear from stakeholders…
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Thanks to UGC Purchase, Arch MI Boosts Gross MI Premiums by 214 Percent

April 26, 2017
Paul Muolo
Arch reported primary mortgage insurance in force of $237.8 billion at March 31…
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Meanwhile, in the PHH Case, DOJ Gets 10 Minutes

April 26, 2017
Thomas Ressler
The DOJ, as anticipated, switched sides in this dispute after President Trump took office.
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Short Takes: More GSE Reform Plans / Fannie-Freddie Speculators May Make Out After All / Ocwen Gets a Break / Hey Ben, Call Your Friends in the White House and Tell Them … / This HUD Job About to be Filled?

April 26, 2017
Paul Muolo
Is the White House pondering HUD-related nominations?
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The Early Read: Bank Mortgage Lending Down in 1Q17, Nonbanks Fare Better?

April 26, 2017
Paul Muolo
It’s still early in the reporting season, but when it comes to home lending, nonbank executives seem more optimistic than their depository peers…
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When it Comes to MI Volume, California Continues to Lead the Nation

April 26, 2017
John Bancroft
Roughly $12.50 billion of agency mortgages securitized during the first quarter with some form of primary MI were tied to Golden State properties.
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Ocwen Elevates its Legal Battle Against the Regulatory Establishment, Asks Court to Decide if the CFPB is Unconstitutional

April 26, 2017
Thomas Ressler
Ocwen’s counsel includes Goodwin Procter LLP, which also is representing PHH Corp. in its legal battle against the agency…
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Ocwen Files to Block Sanctions in Illinois and Massachusetts; Plans to Fight All the Other States as Well

April 25, 2017
Paul Muolo
The company adds: “Under these circumstances, Ocwen has a responsibility to its customers, shareholders, and employees to vigorously defend the company.”
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