Liberty Reverse parent Ocwen seeks to rebrand this year
Ocwen Financial Corp., the parent company of top five reverse mortgage lender Liberty Reverse Mortgage and PHH Mortgage Corp., announced on Wednesday that it is undergoing a rebranding effort and will be known as Onity Group Inc. This is according to a company spokesperson and a subsequent announcem
Read MoreZillow or CoStar? NAR settlement terms could determine a winner
Real estate listing giants Zillow and CoStar are currently embattled in a fight for listing portal supremacy.The battle began heating up in September 2023 when CoStar’s residential real estate platform Homes.com surpassed 100 million unique monthly visitors, becoming the second most popular listing
Read MoreCHLA urges FHA’s equal treatment of homebuyers despite commission status
The Community Home Lenders of America (CHLA) this week submitted a letter to the Federal Housing Administration (FHA) that urges the agency to “provide comparable down payment treatment for FHA borrowers, regardless of whether or not the seller is willing to pay the home buyer broker commission,” ac
Read MoreUWM sued over ‘corrupt’ scheme with brokers to steer loans
Top U.S. mortgage lender United Wholesale Mortgage (UWM) is the target of a class-action-seeking lawsuit alleging it orchestrated a scheme with mortgage brokers to apply excess fees and costs to borrowers. The wholesale lender called the accusations a “sham.”The lawsuit was filed on Tuesday in a Mic
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