Last week, Ocwen Financial Corp. OCN agreed to settle a couple of lawsuits that alleged it of providing misleading data related to the loans it was servicing. The company revealed this agreement in a filing with Securities and Exchange Commission (SEC).The lawsuits were filed by Michael Fisher and the U.S. Justice Department (DoJ) in 2012.
Owning a home is central to the American Dream, but it was that dream of homeownership and the trillions of dollars of mortgage debt people owed that helped trigger the financial meltdown and the Great Recession. Do widespread homeownership and mountains of debt need to go hand-in-hand, though? What if we made homeownership less debt-heavy?
The report released Thursday by a special inspector general says the $622 million fund “is significantly vulnerable to the substantial risks of unfair competitive practices and overcharging, either of which could lead to fraud, waste, and abuse.” Money from the fund is used by communities to tear down vacant houses and other blight elimination
CoreLogic® (NYSE: CLGX), Irvine, Calif., on Tuesday said its April 2016 National Foreclosure Report shows foreclosure inventory declined by 23.4% and completed foreclosures declined by 15.8% compared with April 2015. The number of completed foreclosures nationwide decreased year over year from 43,000 in April 2015 to 37,000 in April 2016, representing a decrease of 68.9%