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The largest subprime mortgage servicer in the world is about to get even bigger. The IPO was initially planned in August. The stock market proved too volatile at the time, and the offering was delayed. HLSS will use proceeds from the IPO to buy MSRs from Ocwen. In return, Ocwen would use that cash to [...]
Bank of America(BAC)’s appeal of litigation with bond insurer MBIA(MBI) is likely to fail, suggesting a buying opportunity in MBIA shares, according to an analyst report Thursday. MBIA has accused Bank of America’s Countrywide home loan unit of fraud and breach of contract related to 15 mortgage securities. On Jan. 3, New York State Supreme [...]
New mortgage standards for major lenders are due to take effect starting January 2012, Marketwatch reports.The new rules have been in effect for months, but only on a voluntary basis. Starting in 2012, these regulations will be mandatory.The new standards are known as the servicer alignment initiative and will be applicable to all mortgages backed [...]
Many home loan middlemen are keen to help you choose. Mortgage Plus investigate: There’s a new finger in the pie. He is the mortgage broker, what you might call a loan ranger. In recent months more than one mortgage broking business has suddenly appeared, bringing a new dimension to home loan business in South Africa. [...]
The number of housing markets showing measurable improvement nearly doubled in January with the addition of 40 new metros to the latest National Association of Home Builders/First American Improving Markets Index (IMI). The IMI now boasts 76 improving markets, up from 41 in December, with 31 states and the District of Columbia represented by at [...]