Ocwen’s woes drag down Altisource

Posted October 31, 2014 / No comments

Over the course of the last ten days, Ocwen Financial and its affiliates have taken a beating from all corners of Wall Street over a letter from the New York Department of Financial Services, which alleged that Ocwen was backdating letters to borrowers. Source: Housing Wire

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Ocwen woes drag down Altisource

Posted October 31, 2014 / No comments

Over the course of the last ten days, Ocwen Financial and its affiliates have taken a beating from all corners of Wall Street over a letter from the New York Department of Financial Services, which alleged that Ocwen was backdating letters to borrowers. Source: Housing Wire

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Preliminary: 2015 Housing Forecasts

Posted October 31, 2014 / No comments

The NAHB released their 2015 housing forecast today. Towards the end of each year I collect some housing forecasts for the following year, and it looks like most analysts are optimistic for 2015. Here is a summary of forecasts for 2014 . In 2014, new home sales will be around 440 thousand, and total housing

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Fannie, Freddie to take on more credit risk

Posted October 31, 2014 / No comments

Proposals to lower the minimum down-payment on Fannie Mae and Freddie Mac-backed mortgages at the same time as reducing banks’ exposure to put-back risk may help accelerate the modest loosening in mortgage credit conditions that is in train. Source: Housing Wire

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Fed's Kocherlakota: FOMC Dissent Driven by Persistent Inflation Weakness

Posted October 31, 2014 / No comments

Federal Reserve Bank of Minneapolis President Narayana Kocherlakota said Friday he believes the U.S. central bank is failing to defend its inflation goal and that it should be providing more stimulus to the economy, in a statement defending his dissenting vote at this week’s monetary policy meeting….(read more) Forward this article via email:  Send a copy

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