News

Wells, Ocwen sued over zombie foreclosures by Ryan Smith
New York City says lenders and servicers are allowing abandoned homes to become havens for squatters, drugs and sex
Wells Fargo courted Trump appointee to replace CEO – reports by Ryan Smith
Multiple sources say the scandal-plagued bank has been putting out feelers to replace Tim Sloan in the top spot

One million borrowers out of negative equity in 2016 by Anna Sobrevinas
Homeowners with mortgages had equity up by 11.7%
Mortgage credit availability loosens in February by Anna Sobrevinas
An increase in lenders’ offerings of FHA and VA loans drove a loosening of mortgage credit last month
First American on Fortune 100 list of best companies to work for by Anna Sobrevinas
First American on Fortune 100 list of best companies to work for

Nationstar hit with CFPB penalty for alleged compliance failures by Ryan Smith
The CFPB says the nonbank has failed to comply with the Home Mortgage Disclosure Act
Former N.J. lawyer sentenced in $40 million mortgage fraud by Anna Sobrevinas
The former lawyer pleaded guilty to wire fraud and money-laundering charges in connection with the massive scheme
New American Funding president named as panelist for LA business forum by Anna Sobrevinas
NAF’s Patty Arvielo spoke before the Women in Business Forum Wednesday

Should CFPB have more supervision over credit agencies?

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