News
Benefits for Responsible Homeowners
The housing market suffered a dramatic collapse caused by irresponsible lenders who tricked buyers into signing subprime loans in order to bundle these loans into off-balance sheet securities. To address this crisis, President Obama and his Administration have taken a broad set of actions to stabilize the housing market and help responsible American homeowners. How to […]
Housing Finance
Refinancing Help for Homeowners
A Plan to Help Homeowners Congress is considering a plan that would help millions of responsible homeowners save hundreds of dollars each month by refinancing their mortgages. Why refinance? Today, home interest rates are at historic lows—on average, below 4 percent. The average homeowner could save $3,000 a year by refinancing at today’s low rates, […]
Markets & Finance
Ocwen Chairman to Step Down in Settlement With New York Regulator
Payments to Ocwen borrowers to begin December 6, 2014 In December 2013, 49 state attorneys general, the District of Columbia, state mortgage regulators and the Consumer Financial Protection Bureau announced a Settlement with the following three mortgage servicers: • Ocwen • Homeward Residential Holdings (previously known as American Home Mortgage Servicing or AHMSI) • Litton Loan Servicing This […]
