What’s wrong OCWEN’s Altisource Asset Management?

Ben Lane, Housing Wire It hasn’t been a good day for Altisource Asset Management Corp (AAMC). In fact, the day is looking downright catastrophic. The company’s stock is currently trading at $840 per share, which is down more than $259 for the day. The company’s stock has lost more than 30% of its value in less than […]

“Oh, Fannie Mae, A Birthday Present for me? You Shouldn’t Have”

Fannie Wants To Foreclose On And Evict 91 Year Old Widow Of Reverse Mortgage Recipient Kenneth Harney, UT San Diego The federal Department of Housing and Urban Development has a birthday gift for widow Jeanette Ogle that should cause any senior to think twice before signing up for a government-insured reverse mortgage. Later this month, […]

How “Tricky Dick” Nixon and Mitt Romney’s Dad Expanded Fannie Mae’s Footprint

James R. Hagerty, Wall Street Journal Adapted from “The Fateful History of Fannie Mae,” by James R. Hagerty, published Sept. 4 by History Press. This is the third of four blog posts based on the book. In a maneuver to get Fannie Mae’s debt off the government’s books, President Lyndon Johnson in 1968 signed legislation transforming the […]

BofA Settles Accusations It Discriminated Against Disabled Borrowers

Reuters via Huffington Post Bank of America Corp has agreed to settle U.S. Department of Justice civil accusations that it violated federal laws by discriminating against mortgage applicants on the basis of disability. The accord resolves allegations the second-largest U.S. bank, which made about $152 billion of first mortgages in 2011, imposed extra burdens on […]

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