And now the obvious questions becomes: where does Ocwen go from here? The company can’t possibly be sold because of all the outstanding lawsuits and “legacy” problems...
A typical first-time homebuyer pays significantly more than a repeat homebuyer does for the same house, according to research by economists at the Federal Housing Finance Agency. They suggested that appraisers could help reduce home prices for first-time homebuyers, though the proposal faces a number of obstacles. The FHFA analysis was based on appraisal information associated with loan applications submitted to the government-sponsored enterprises from the ...
The trade group first launched its GSE task force in late 2012 with 17 initial executive members, including Bob Ryan, a Wells Fargo executive who is now the acting deputy director of the division of conservatorship at the Federal Housing Finance Agency.
Many borrowers could have seen significant savings on the interest rate on a mortgage if they shopped around, according to a working paper published by the Consumer Financial Protection Bureau’s Office of Research. The bureau economists noted that close to half of consumers didn’t shop before taking out a mortgage, based on the National Survey of Mortgage Originations, a representative survey conducted by the CFPB and the Federal Housing Finance Agency. And only 16.0 percent of borrowers considered three or more lenders before obtaining a mortgage. The economists said...
But there was some good news: BofA reported $4.05 billion of second lien production in the first quarter, a 13.7 percent improvement from the prior period.
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