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  • Ocwen3.81+0.12 +3.25%
  • Zillow41.02-0.60 -1.44%
  • Trulia4.01+0.33 +8.97%
  • NationStar20.14+0.86 +4.46%
  • CoreLogic49.10+0.11 +0.22%
  • RE/MAX67.00+0.00 +0.00%
  • Fannie Mae3.10+0.08 +2.65%
  • Freddie Mac3.00+0.04 +1.35%
  • Wells Fargo53.41+0.22 +0.41%
  • CitiMortgage73.12+0.93 +1.29%
  • Bank of America26.48+0.28 +1.07%
  • Fidelity National Financial35.02+0.62 +1.80%
  • First American50.37+0.43 +0.86%
  • Black Knight Financial Services43.05-0.55 -1.26%
  • AUDUSD=X0.7847-0.0000 -0.0051%
  • USDJPY=X112.9470-0.0060 -0.0053%
Home | News | Secondary Market (page 30)

Judge Dismisses Class Action Racketeering Suit Against Ocwen

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The homeowners claim that Ocwen charged them for unnecessary repeat inspections properties where the borrower was either delinquent or in default, and by doing so they claim Ocwen was in violation of Fannie Mae's servicing guidelines that require individual cases to be assessed to determine if the properties are in need of subsequent inspections after the first.

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Judge Approves JPMorgan Chase’s $500 Million RMBS Settlement With Pension Funds

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JPMorgan Chase, the nation's largest bank, acquired Bear Stearns in March 2008 at a stock-only price of $236 million, or $2 per share. In their lawsuit, the pension funds accused Bear Stearns of selling $17.6 billion worth of toxic mortgage-backed securities to them in the run-up to the crisis. The terms of the settlement were approved by Judge Laura Taylor Swain in the U.S. District Court for the Southern District of New York (in Manhattan).

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Freddie Mac Sells Third Non-Performing Loan Bundle of 2015

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The deeply delinquent status of the loans, which are three years delinquent on average, indicates that the borrowers have already been evaluated for or are in some stage of loss mitigation, or are in some stage of foreclosure. Twenty-nine percent of the loans in the pool were loans that were modified that later became delinquent.

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