After agreeing to pay $110 million just last month to settle claims over its fake-account scandal, the banking giant has just tacked millions more onto the payout
The plan would, among other changes, create a federal insurance fund that would insure mortgage-backed securities
The former Senate Banking Committee chairman's letter asks for changes to the QM rule. There's only one problem: it seems to be a fake.
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.