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OCWEN has been in the spotlight heavily this week with major announcements regarding the selling of its portfolios. Most recently, the mortgage loan servicing giant announced this morning that Walter Investment Management will purchase a $9.6 billion mortgage servicing rights portfolio.
MIT has announced a summer certificate program for individuals in the real estate industry. The private research university is collaborating with the MIT Center for Real Estate to create the program.
Today, the Department of Justice (DOJ) made a major announcement regarding a settlement involving mortgages that spurred the financial crisis of 2008. Continue reading
Today, Freddie Mac announced its net income for 2014 which amounted to $7.7 billion, down $41 billion from the financial results of 2013.
Real estate agents with busy schedules can probably relate to daytime sleepiness. When they’re in the field, it is imperative stay alert and ready to work.
The U.S. Small Business Administration (SBA) has announced today the threefold growth of the Impact Investment Fund of the Small Business Investment Company (SBIC) program. In the last 12 months, the fund has tripled.
In an effort to make home buying more accessible for first-timers, President Barack Obama has set out to decrease the Federal Housing Administration (FHA) mortgage-insurance premiums. The annual fees the FHA charges will be dropped by o.5 percentage points, according to two people with knowledge of Obama’s plans.
The announcement is anticipated to be made in a speech in Phoenix on Thursday, according to Bloomberg.
The FHA is required to keep enough money to cover all its projected losses in its $1.1 trillion portfolio and must manage a two percent cushion of its value —a level not projected to come until fiscal 2016.
In the news, private mortgage insurers have taken a nose dive because they can’t compete with the government program.
This is a developing news story.
As our previous blog posts have mentioned, many women business owners across the board are receiving less funding for their companies than men. The reasons vary and, unfortunately, it hurts women-owned start-up businesses that could otherwise thrive from the additional resources.
Big changes are coming for the online world of real estate.
Women in the economy are proving to be a force to reckon with as they make up 40 percent of the world’s workforce and secure $20 trillion in consumer spending. In an effort to continue supporting women and their financial accessibility, the Global Banking Alliance for Women recently announced it will gather $4.3 billion in capital for women-owned businesses throughout the world.
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