Why Manhattan borough president Gale Brewer didn’t pay her mortgage for 5 years
Manhattan borough president Gale Brewer and her husband were at risk of losing their home on the Upper West...
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Forcing homeowners into expensive insurance
Anyone who has taken out a home mortgage knows that one of the borrower’s key responsibilities is to pay hazard insurance premiums on the property and not let the policy lapse. But are you...
SEC slaps Ocwen Financial with subpoena
Subprime loan servicer Ocwen Financial is facing its second run-in with a regulator this month. The Securities and Exchange Commission has subpoenaed Ocwen in order to obtain information about the company’s business relationship with...
Regulator questions Ocwen Group’s insurance deal
New York state’s top banking regulator is questioning whether subprime loan servicer Ocwen Group is enriching itself through an insurance...
Ocwen agrees to stop slapping borrowers with gag orders
Ocwen Financial will no longer seek gag orders when settling legal disputes with borrowers.
Regulator zeroes in on mortgage servicer’s ties to auction site
The New York Department of Financial Services is ramping up an investigation of mortgage firm Ocwen Financial, targeting the...
Mortgage investors plan stance against Ocwen
Mortgage investors are planning to relay their distaste for embattled servicer Ocwen Financial in a letter to trustees and...
Bank regulator investigates Nationstar’s growth
The chief bank regulator in New York is taking a closer look at the business practices of mortgage provider...
Fund giants BlackRock, Pimco mull suit against Ocwen
In an abrupt change, BlackRock and Pimco are contemplating filing suit against Ocwen Financial for improperly handling residential mortgages.
State regulators halt $39B mortgage servicing rights transfer
The New York State Department of Financial Services has stopped the transfer of mortgage servicing rights from Wells Fargo...