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Real Estate News
Here's a detailed breakdown of Ocwen's new restrictions by state
The servicing issues at Ocwen Financial are allegedly so widespread that some states are placing stricter restrictions on the nonbank, beyond freezing the company’s ability to acquire new mortgage servicing rights and originate new mortgage loans. In fact, in one state, Ocwen has basically been... Read More
NAHREP stands behind Mortgage Banker Association proposition for GSE reform
The National Association of Hispanic Real Estate Professionals issued a statement supporting the Mortgage Bankers Association’s proposal for GSE reform. NAHREP stressed that it supported the MBA’s focus on affordable housing, which would help Hispanics who make up 40% of the U.S. first-time... Read More
Opinions conflict: Will low inventory hold back future home sales?
After the National Association of Realtors released its report showing strong existing home sales but struggling inventory levels, experts chimed in on what that means for the spring home-buying season and for the rest of 2017. Their opinions, however, differed.