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Centuries-Old Mortgage Market Ponders Age of Negative Rates

The nation’s finance industry must brace for longer periods of rates even further below zero, Soeren Holm, chief financial officer at Copenhagen-based Nykredit Realkredit A/S, said. Denmark’s mortgage banks are grappling with a situation for which two centuries of operation offer no guidance: a central bank deposit rate of minus 0.75 percent that has sent loan rates plunging. It’s also a …

Ocwen rejects allegations of poor mortgage servicing practices

Ocwen Financial Corp rejected allegations of poor mortgage servicing practices and said on Monday that it had sent a letter to trustees of 119 mortgage pools, arguing that it should not be removed as a servicer. Investors including BlackRock Inc and Metlife Inc sent a notice to Ocwen and the trustees in January, alleging improper loan modification practices, wrongfully recouped advances, and a …

Ocwen refutes allegations of poor mortgage servicing practices

Ocwen Financial Corp refuted allegations of poor mortgage-servicing practices and said on Monday that it had sent a letter to trustees of 119 mortgage pools, arguing that it should not be removed as a servicer. Investors including BlackRock Inc and Metlife Inc sent a notice to Ocwen and the trustees in January, alleging improper loan modification practices, wrongfully recouped advances, and a …

Ocwen says should not be removed as servicer on mortgage pools -WSJ

Ocwen Financial Corp has rebutted allegations that the company was responsible for poor mortgage-servicing practices and argued it should not be removed as a servicer on mortgage pools, the Wall Street Journal reported. The company, which had earlier said the allegations made by a group of large mortgage investors were false, has sent a letter to the trustees who will now decide whether to …

Read This Before Applying for a Mortgage

Source 401kcalculator.org via Flickr. One of the most unpleasant aspects of buying a home is applying for a mortgage. The entire process is stressful, and even for experienced home buyers, the