Wells Fargo in Hot Water Over Force-Placed Insurance Kickback Allegations

Big bank in hot water over kickback allegations Wells Fargo is once again in hot water, this time over force-placed insurance. The banking giant, along with perennial defendant Assurant, is being sued in federal court over an alleged force-placed insurance kickback scheme, in which plaintiffs claim that Assurant artificially inflated premiums on insurance in order … Read more

After Nearly 35 Years in Business, Mortgage Law Firm Butler & Hosch Closes Down

After Nearly 35 Years in Business, Mortgage Law Firm Butler & Hosch Closes Down Mortgage banking industry law firm Butler & Hosch, P.A. filed an Assignment for the Benefit of Creditors to Florida law firm Michael E. Moecker & Associates, an action analogous to Chapter 7 bankruptcy. Butler & Hosch closed their doors this week and laid … Read more

Florida Foreclosure Defense: Palm Beach County Trial Win for The Law Offices of Evan M. Rosen

Florida Foreclosure Defense: Palm Beach County Trial Win for The Law Offices of Evan M. Rosen Cross-posted from The Law Offices of Evan M. Rosen Just before trial starts, the Judge asks to see the file. She wants to review the Complaint and Answer. She takes a few minutes and then trial starts. Both sides … Read more

Ocwen to Sell $45 Billion in Mortgage Servicing Rights to Chase

Ocwen to Sell $45 Billion in Mortgage Servicing Rights to Chase Ocwen Financial Corp. will sell mortgage servicing rights for 266,000 Fannie Mae loans worth $45 billion to Chase. “Buying this prime servicing book will improve the quality of our servicing portfolio and will help drive a stronger and less volatile mortgage business,” said Chase … Read more

FHFA Working Paper: How Low Can House Prices Go?

Working Paper 15-1: How Low Can House Prices Go? Estimating a Conservative Lower Bound Published: 5/14/2015 Author:Alex Bogin, Senior Economist; Stephen Bruestle, Lecturer; William M. Doerner, Senior ​Economist ​​Abstract: We develop a theoretically-based statistical technique to identify a conservative lower bound for house prices.  Leveraging a model based upon consumer and investor incentives, we are able to … Read more