In February, Ocwen announced that it was acquiring PHH. Now, it's bringing on the company's former top exec
The proposal would require the CFPB director to issue guidance for compliance with consumer finance laws
Until a client sent us a clipping today, I had never heard the term “Legal Abuse Syndrome.” If you look in the Diagnostic and Statistical Manual of Mental Disorders, you won’t find the term. Not Yet. The DSM is the official “blue book” used by mental health professionals. Whereas many of the CEOs of major banks and lenders probably qualify as sociopaths, we now have a title for those suffering from their heavy-handed tactics.
A proposed bill may soon help speed up the approval process for homeowners selling their home through short sale by requiring subordinate lien holders to review and respond to short sale requests within 45 days. The legislation, "The Fast Help for Homeowners Act," was offered in Congress today by U.S. Rep. Jerry McNerney (D-Calif.) and is strongly supported by the National Association of Realtors®.