“Notwithstanding our record revenues, revenues were suppressed due to delays, that have now been resolved, in boarding the OneWest transaction. As expected, margins were below historical levels due to the timing involved in transitioning ResCap and OneWest,” said Bill Erbey, chairman of Ocwen. …read more

Partnership seeking investment in San Joaquin USA at SelectUSA SummitCentral Stockton NewsFrom the Port of Stockton, Stockton Metro airport and the Union and Pacific and BNSF Intermodal truck to rail services, businesses have the flexibility to choose multiple transportation modes for export and import shipments.” Ammann says his main … and more …read more

Americans shopping for real estate don’t necessarily have the pickings when it comes to a home’s age. New data from RealtyTrac’s Aging Home Analysis shows that more than 70% of single-family U.S. homes were built before 1990. …read more

It’s difficult to gauge how the housing market viewed the Federal Reserve’s decision to keep acquiring mortgage-backed securities and Treasurys at its current pace on Wednesday. …read more

Homebuilders are driving into their peak season, with more than 75% of annual homebuilder returns historically generated in the November-to-January time frame due to growth in demand in advance of the upcoming spring selling season. …read more

A recent lending discrimination case settled in Massachusetts illustrates why state attorneys general are pushing to keep the legal theory of ‘disparate impact’ alive as they pursue Fair Housing Act discrimination claims. …read more

The Federal Open Market Committee once again opted to continue purchasing agency mortgage-backed securities at its current pace while keeping the federal funds rate at or near zero. The decision stems from a slight moderation in mortgage and economic growth. …read more

Home price reports released this week show solid home price appreciation throughout the summer, but those numbers are expected to subside a bit as the market moderates on economic uncertainty. …read more

Currently, Watt’s nomination doesn’t have the necessary votes, but the situation remains incredibly fluid. But that hasn’t stopped policymakers and advocacy groups from dropping breadcrumbs on the confirmation trail. …read more

One year after Hurricane Sandy, homeowners are still struggling with the threat of foreclosure, with Queens and Staten Island posting the biggest surge in foreclosure notices. …read more

An Oregon foreclosure mediation program is taking off after lawmakers revamped the program. …read more

Although home prices rose at their fastest pace in seven years, Robert Shiller, co-founder of the S&P Case-Shiller Home Price Indices, said homes are still affordable. …read more

By Mandelman 3 WAYS TO GET TO KNOW MARC DANN… 1. On this Mandelman Matters Podcast, I ask Marc Dann all about what’s going on related to the foreclosure crisis in Ohio today, because if there’s one subject he knows better than anyone, that would be it. As of last month, Ohio ranked #7 in […]

The wholesale lending division of Carrington Mortgage Services is expanding its offerings and now considers banks and credit unions as approved third-party originators. …read more

Foreclosure rescue schemes have become increasingly complex, involving attorneys and the bankruptcy code, among other things. Complaints rose from 9,000 in 2009 to more than 18,000 in 2012, the Government Accountability Office said. …read more

SunTrust Bank launched its fast and flexible AnythingLoan product for borrowers with excellent credit to use for almost any purpose. …read more

Wells Fargo will donate $6 million to 67 nonprofits through the 2013 Leading the Way Home Priority Markets Initiative program in an effort to help revitalize neighborhoods. …read more

Banks need to practice effective risk management regardless of whether the bank performs the activity internally or through a third party, the Office of the Comptroller of Currency said. …read more

Despite threats of a hold on her nomination, Senate Majority Leader Harry Reid said Federal Reserve Chairman Nominee Janet Yellen is heading towards a smooth confirmation by the Senate. …read more

Greystone premiered its Greystone Affordable Loan Program, which provides long-term, fixed, forward rate-lock financing for affordable multifamily properties. …read more

Freddie Mac is now securitizing $1 billion performing loans that were once at risk of foreclosure, but are now in good standing after going through the Home Affordable Modification Program launched by the government. The securitization process is just now beginning. …read more

An attorney, who was once dubbed Florida’s “foreclosure king,” is at risk of losing his law license after being investigated by the state bar. …read more

The Signing Professionals Workgroup released best-practice standards for notaries handling loan signings. The work group aims to create consistent, acceptable standards for notaries who represent lenders at the signing table. …read more

Genworth Financial beat analyst estimates, posting a third-quarter profit of $96 million, or 99 cents a share, up from $85 million, or 82 cents a share, a year earlier. …read more

Private-sector employment growth cooled somewhat in October, with employers adding only 130,000 jobs to their payroll. …read more