The New York attorney general is reportedly investigating reverse mortgage servicing practices at units of Nationstar Mortgage and OneWest bank
Former homeowners, speaking before the Senate, urged the rejection of Steve Mnuchin’s nomination as Treasury secretary after foreclosure issues with OneWest bank
The deal comes weeks after the servicer was urged to cut ties with Ocwen, and the acquisition could weaken hedge fund BlueMountain Capital, which recently took a major bet against the company.
According to Case-Shiller, home prices grew last year at twice the rate of inflation, and new home sales remain weak despite strong economic fundamentals.
More than half of mortgage originators find their careers less rewarding than in the past, but many are still anticipating a brighter future.
The Los Angeles-based company has launched alternative mortgages in the state of Washington.
Most of the time, we're only considering what can be quantified. What we often forget, though, is that our industry--just like every other--is all about people.
CEO Ronald Faris is shrinking the company after experiencing a 74% drop in shares since last February.