The charges are the latest fallout from regulatory investigations of Ocwen Financial and affiiliated companies.
'The creation of jobs added at a steady clip and the prospect of higher mortgage rates and home prices ... is encouraging more households to buy.'
Mortgage-backed securities investors jump on the bandwagon and accuse Ocwen Financial of mishandling loan modifications.
Banks will finally be required to have 'skin in the game" when they securitize certain mortgages.
The number of special-purpose vehicles owned by real estate investment trusts has been growing rapidly since the summer of 2013.
America’s huge mortgage-market distortions seem likely to endure.
A successful local bank finds it no longer pays to hold on to the mortgages it issues.
