Tag: mortgage servicing
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Barbara Corcoran Shares Her Secrets for Saving Thousands on Your Mortgage
Homeowners are in luck as Barbara Corcoran, real estate guru and Shark Tank star, is giving her advice on how they can make the best use of what she calls “cheap money.” By simply following Barbara’s advice and doing a little leg work, homeowners can find themselves pocketing thousands of dollars that would otherwise be…
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Loan Disparity in Baltimore
The National Community Reinvestment Coalition (NCRC) recently released a report, Home Mortgage and Small Lending in Baltimore and Surrounding Areas, which reveals troubling truths for lending practices in the city. The study’s executive summary articulates, “[This report] details lenders’ abandonment of neighborhoods in Baltimore based upon the race of members of those neighborhoods and the…
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Ocwen in Hot Water Once Again
Ocwen Financial Corp. released a statement today that it will be selling $25 billion in residential mortgage servicing rights. These loans are held by Fannie Mae and Freddie Mac and are being sold to Nationstar Mortgage Holdings—a mortgage servicer located in Dallas, Texas.
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OCWEN: Portfolio Sold to Walter Investment Management
OCWEN has been in the spotlight heavily this week with major announcements regarding the selling of its portfolios. Most recently, the mortgage loan servicing giant announced this morning that Walter Investment Management will purchase a $9.6 billion mortgage servicing rights portfolio.