• Ocwen7.13+0.17 +2.44%
  • Zillow24.65+0.10 +0.41%
  • Trulia47+0 +0%
  • NationStar13.62+0.14 +1.04%
  • CoreLogic36.86-0.51 -1.36%
  • RE/MAX37.51-0.03 -0.08%
  • Fannie Mae2.09+0.00 +0.00%
  • Freddie Mac2.05+0.00 +0.00%
  • Wells Fargo55.10-0.29 -0.52%
  • CitiMortgage54.09-0.12 -0.22%
  • Bank of America17.43-0.05 -0.29%
  • Fidelity National Financial35.85-0.04 -0.11%
  • First American39.44-0.07 -0.18%
  • AUDUSD=X0.7273+0.0046 +0.6435%
  • USDJPY=X122.8340-0.3160 -0.2566%
  • WP Stock Ticker
Home | Tag Archives: Ocwen

Tag Archives: Ocwen

Borrower Outreach Events Proving Successful at Preventing Foreclosures


Borrower outreach events include HUD-approved housing counselors and mortgage servicers in order to give distressed borrowers a face-to-face meeting to work out a solution such as a permanent loan modification that will allow borrowers to remain in their homes. If a home retention solution cannot be worked out, often a non-foreclosure home forfeiture solution is offered such as a short sale or deed-in-lieu of foreclosure.

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Ocwen’s Servicer Ratings Upgraded to ‘Positive’


One of the key rating drivers was Ocwen’s commitment to alleviate governance and operational control weaknesses within the company, which include changes to its “three lines of defense” approach to risk management, expansion of regulatory compliance and compliance testing departments.

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Ocwen Reacts to Recent Actions By Credit Ratings Agencies


Ocwen Financial Corp. reacted to the recent developments in the last week that included a ratings upgrade from Moody's and being placed Standard & Poor's CreditWatch list for a downgrade, with a press release on Friday in which the company's president and CEO praised the company's progress and said he was "surprised" by S&P's move.

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Agency MSR Deal Worth $45 Billion Finalized Between Chase, Ocwen


Ocwen first announced on March 2 it had signed a letter of intent to sell the the $45 billion portfolio, which includes about 266,000 high-quality Fannie Mae loans, to an anonymous buyer. Media reports that surfaced later that week indicated that the buyer was Chase, which was confirmed on Thursday by both parties in the transaction. For Chase, purchasing the high-quality Agency loans is consistent with the New York-based bank's strategy of enhancing the quality of its mortgage business.

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