PHH Mortgage

Is mortgage industry equipped to implement Washington's forbearance plan?

03/29/20

Homeowners reeling from coronavirus-induced economic shock are already enduring extremely long wait times while trying to get relief. Legislation passed last week could worsen the logjams.

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SEC fines former Ocwen exec for insider trading before CFPB, PHH news

09/28/18

A former Ocwen Financial executive is settling Securities and Exchange Commission charges that he engaged in insider trading related to his company's dealings with Altisource Portfolio Solutions following a CFPB enforcement action and its upcoming merger with PHH Corp.

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In a twist, Mulvaney now defending CFPB enforcement powers

07/25/18

An uptick in fines and a new tactic to counter claims about the CFPB’s authority is in sharp contrast to the agency’s rhetoric.

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Court keeps Ocwen records sealed in CFPB dispute over escrow accounts

06/26/18

Ocwen Financial is able to keep the answers to questions from the Consumer Financial Protection Bureau involving the improper handling of escrow accounts confidential, a federal magistrate ruled.

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Legal filing confirms CFPB's dismissal of PHH case

06/07/18

Acting CFPB Director Mick Mulvaney wrote in a two-paragraph filing that the Mount Laurel, N.J., company did not violate the Real Estate Settlement Procedures Act.

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CFPB's Mulvaney set to drop PHH case

06/06/18

Acting Consumer Financial Protection Bureau Director Mick Mulvaney is poised to dismiss its administrative proceeding against the mortgage lender, following a four-year battle over the agency's structure.

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PHH declines to appeal CFPB constitutionality case to high court

05/03/18

The New Jersey mortgage lender and servicer won a huge victory in January when an appeals court threw out its fine levied by the consumer agency, but the court ruled against the claim that the agency's structure is unconstitutional.

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Why HSBC is getting back into mortgages

03/12/18

Despite past missteps in the U.S. mortgage business, the bank is giving it another go, bringing servicing in-house and catering to millennials and international clients here, says HSBC’s Raman Muralidharan.

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3 conditions before Ocwen and PHH are clear to close

03/01/18

From investor angst to regulatory scrutiny, here's a look at three obstacles that must be addressed before Ocwen Financial can acquire PHH Mortgage.

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How Ocwen plans to rebuild servicing scale with PHH deal

02/28/18

Ocwen Financial Corp.'s acquisition of PHH Corp. will help the nonbank servicer rebuild scale that's been diminished by years of regulatory restrictions and the decline in distressed mortgage volume brought about by improvements in the overall housing market.

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