Wells Fargo And DOJ Won’t Be Putting On Pilgrim Hats Any Time Soon

No Settlement In Mortgage Fraud Case   Patricia Hurtado, Bloomberg Lawyers for the U.S. and Wells Fargo & Co. (WFC) told a judge they doubt they can reach a settlement in a government … [Read more...]

NJ Homeowner Beats SLS &BNY-Mellon Gets House Free & Clear

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Oops! SLS Misses New Jersey's Six Year Statute of Limitations   "The debtor retains the property, free of any claim of the defendants...The court will proceed to gargle in an effort to remove … [Read more...]

MSR deal between Wells Fargo and Ocwen is officially dead

Ben Lane, HousingWire The long-delayed $2.7 billion mortgage servicing rights deal between Ocwen Financial (OCN) and Wells Fargo (WFC) is now dead, the companies announced late Thursday. According … [Read more...]

BofA & Citi Selling Soured Loans To Hedge Funds

Bank of America, Citigroup Said to Sell Soured Home Loans   Heather Perlberg, Bloomberg Bank of America Corp. and Citigroup Inc. (C) are selling multiple pools of soured U.S. mortgages to … [Read more...]

Under Pressure From The NYDFS, Ocwen Ends Forced Place Insurance Policy

Kevin Dugan, NY Post Billionaire Bill Erbey is starting to bend. Bowing to months of regulatory pressure, Altisource Portfolio Solutions — part of a web of Erbey-controlled companies with ties to … [Read more...]

Maryland Overtakes Florida for Nation’s Highest Foreclosure Rate

 Brian Honea, DS News A surge in foreclosure activity for Maryland in October pushed the state into the top spot among states with the highest foreclosure rate in the nation, according … [Read more...]

Repeat Foreclosure Percentage Increases to Tie All-Time High

Brian Honea, DSNews The percentage of September's foreclosure starts that were repeat foreclosures rose by two percentage points month-over-month to account for 53 percent of foreclosure starts, … [Read more...]

NYDFS Director Lawsky Tells Governor Cuomo, “Take This Job An Shove it!”

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Homeowners' Voice In Albany To Resign In January The New York Daily News published a story on Monday stating that several key people in New York Governor Anderw Cuomo's administration will be … [Read more...]

Foreclosures To Increase With QE Ending And GOP Majority In The US Senate

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In case you missed it last week, the Federal Reserve's Federal Open Market Committee has ended bond purchases, finishing its third round of quantitative easing and this could adversely affect the … [Read more...]

Could Fallout From The NYDFS Investigation Bankrupt OCWEN?

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OCWEN Could Be In Serious Trouble If Other States Jump On NY's Investigation Bandwagon The backdated letter scandal that has rocked Ocwen Financial and caused it's stock to lose over 30% of it's … [Read more...]