Ocwen returns to profitability for first time since Q2 2015

Posted October 26, 2016 / No comments

Earlier this year, when Ocwen Financial reported a net loss for the second quarter, marking its fourth straight quarter of taking a loss, the company’s executives said that despite the “legacy” issues Ocwen faced, they believed the company was on a path back to profitability. What they didn’t say is just how long it would

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Cordray remarks to MBA signal continued CFPB focus on servicing, likely petition for rehearing in PHH case

Posted October 26, 2016 / No comments

Richard J. Andreano, Jr. In his remarks at the Mortgage Bankers Association’s annual meeting in Boston on October 25, Director Cordray signaled that mortgage servicing will continue to be a focus of CFPB supervisory and enforcement activity, with the CFPB taking a rigorous approach to compliance.   While noting that the CFPB has seen “some progress”

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‘High pressure economy' may punish both stocks and bonds in 2017

Posted October 26, 2016 / No comments

The ‘high pressure economy’ proposed by Federal Reserve Chairwoman Janet Yellen may not have any repercussions this year, but it could have the effect of depressing both stocks and bonds in the next, something which hasn’t happened in nearly 50 years….(read more) Forward this article via email:  Send a copy of this story to someone you

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Housing bubble fears have returned

Posted October 26, 2016 / No comments

Home prices kept rising in August and September in most major American cities. That’s great news for people looking to sell….(read more) Forward this article via email:  Send a copy of this story to someone you know that may want to read it. Source: Mortgage News Daily

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New home sales increase nearly 30% in September

Posted October 26, 2016 / No comments

Home sales increased in September after dropping the month before. However, although many economists expected this increase, noting that it showed strength in the economy, not everyone agreed. One thing they did all agree on: there is still room for more growth. Source: Housing Wire

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Consumer confidence tumbles down in October

Posted October 26, 2016 / No comments

After hitting post-recession highs, consumer confidence dropped in October. According to one economist, the upcoming elections could be putting many consumers slightly on edge. Here’s more about where Americans say the economy sits, and where it’s headed. Source: Housing Wire

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