Since getting slapped with dozens of enforcement actions last year, Ocwen has been working to reach accords with state regulators
Acting Director Mulvaney told Yellen current funds remain sufficient
Although home prices are rising faster in urban neighborhoods, population is growing faster in suburban neighborhoods. Consumer preferences and the aging of the population are tailwinds for suburban growth; so are falling oil prices if they stay low long-term.
With the addition of three new managing partners, Bayshore Mortgage Funding has launched a reverse mortgage division.
The first wave of homeowners who lost their home to foreclosure or short sale during the foreclosure crisis are now past the seven-year window: millions more are expected to follow.
Ocwen has denied accusations that the company's practices created defaults on $82 billion of home loans and said the allegations are baseless.
The national banks will pay $2.7 million for allegedly foreclosing on homes they didn't have a right to foreclose on.
The S&P/Case-Shiller Home Price Index points to stability in the housing market as home prices across the country are starting to level out.