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November 13, 2017

CFPB, Ocwen Tit for Tat Continues, Thanks to DOJ

By Thomas Ressler

The common thread in both cases is that Ocwen and PHH similarly assert that the CFPB’s structure is unconstitutional.

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Poll

Who "owns" the mortgage customer that’s brought to a wholesale lender through a loan broker?

The broker. It’s his/her client.

35%

The wholesale/table funder. They’re taking the financial risk.

30%

The broker, but only for the first year. After that, the borrower is fair game.

13%

Hard to answer. It’s a complicated issue.

22%