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

Major Banks to Delete Records for Some Borrowers Who Filed for Bankruptcy

Major Banks to Delete Records for Some Borrowers Who Filed for Bankruptcy Two top U.S. banks are preparing to delete negative credit reporting records for some borrowers who filed for bankruptcy, after facing accusations of letting poor marks for unpaid debt haunt borrowers’ credit even after the debt was canceled. At a hearing last week, … Read more

Keiser Report: Don’t Stop ‘Banker Bashing’!

Keiser Report: Don’t Stop ‘Banker Bashing’! ~ 4closureFraud.org Tweet

Tenants Renting from Wall Street Pay More

Tenants Renting from Wall Street Pay More According to a report released today by a California tenant advocacy group, Wall Street-backed corporations, which bought up thousands of foreclosed single family homes in California between 2009 and 2013, are charging renters above-market rents while making shoddy, minimal investments to maintain the vast inventories of homes they control … Read more