NEW YORK ( MainStreet ) — The mortgage industry is no different from the rest of the financial or tech world and is fraught with odd terminology, tons of acronyms and other confusing jargon.
First Financial seems to be on an acquisition spree. The company has announced an asset purchase agreement with 4Trust Mortgage for $1.9 million in cash.
First Financial seems to be on an acquisition spree. The company has announced an asset purchase agreement with 4Trust Mortgage for $1.9 million in cash.
Impac Mortgage Holdings, Inc. announces the financial results for the year ended December 31, 2014. For the year ended 2014, the Company reported a net loss of $6.3 million or $ per diluted common share, as compared to a net loss of $8.2 million or $ per diluted common share for the year ended 2013.
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 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 …
Mortgage Express announces the recent appointment of Fay Cheng, joining the team of Auckland-based Mortgage Advisors. Originally from China, Fay arrived in Auckland in 2002. “I offer my clients, not only expert mortgage advice, but sound financial planning and an all-round, in-depth understanding of their financial situation,” says Fay. Based in Auckland, Fay is no stranger to the real estate …
Total of 26,576 home loans approved in 2014, says Banking & Payments Federation
Ocwen Financial Corp. (OCN) is under siege by mortgage-bond investors who are accusing the home-loan servicer of “imprudent and improper” practices that constitute a default.
Ocwen Financial Corp. will pay $2.5 million and hire outside accountants to settle a dispute with California, which had threatened to suspend the license of the mortgage payment collector and foreclosure specialist.