CFPB, 20 states take sweeping actions against Ocwen
Ocwen Financial and its subsidiaries faced a slew of accusations from federal and state regulators on Thursday, which raised questions about whether the firm could survive. ... Read full article
News Topic: Servicing
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Dimon calls for overhaul of FHA, mortgage lending rules
Speaking at a town hall event in Washington, D.C., JPMorgan Chase CEO Jamie Dimon said that post-crisis regulations have made mortgages too costly for consumers — and made homeownership unattainable for borrowers with low incomes or blemished credit ... Read full article
Crisis in student loan servicing is building
While there are inherent differences between student loan and mortgage servicing, recent claims against the largest student loan servicer echo the mortgage debacle. ... Read full article
Once-skittish investors warming up to Ginnie Mae servicing rights
Rising interest rates have slowed a recent run of unexpectedly high prepayments of government-insured mortgages, making servicing rights for loans held in Ginnie Mae securities more attractive to investors. ... Read full article