"We wanted to help a larger swath of borrowers attain the American dream"
Cuts were necessary to keep its mortgage product competitive, the company said
The mounting regulatory issues against the servicer may have affected its long-delayed mortgage servicing rights deal with Wells Fargo.Will the bad news ever end for Ocwen?
Last month the bank announced plans to allow borrowers to buy homes with as little as 3% down, but now it says different. Meanwhile, some specialized nonbank companies step in to fill the void.
As the number of licensed mortgage loan originators increases across the nation, one state is experiencing a massive decrease in brokers.
Shifting demographic trends are putting the brakes on home sales. Here's a look at the future of housing and what group is expected to dominate it.
The Consumer Financial Protection Bureau has fined the California mortgage lender for giving its employees incentives for steering consumers into loans with higher interest rates.
In an effort to meet demand and avoid the costs of holding soured debt, the lenders put the mortgages on the market.