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Ocwen Refunds $700K to Borrowers
Published July 10, 2009, 6:34 am, Zacks.com via Yahoo! Finance
Ocwen cooperated with the state agency's examination and voluntarily conducted its own review of its entire Maryland loan portfolio.
Multiple high-profile real estate agents sued by AG
Published July 9, 2009, 4:12 pm, KVOA Tucson
The suit names 8 individuals in the real estate industry and multiple real estate companies in a scheme which allegedly defrauded hundreds of people.
Real Estate
Published July 9, 2009, 7:22 am, Mondaq
For more than 25 years, California municipalities and developers have successfully partnered to finance public infrastructure and services using the Mello-Roos Community Facilities Act of 1982 (the "Mello-Roos Act"). Under the Mello-Roos Act, local agencies can form community facilities districts ("CFDs") in which special taxes may be levied by the CFD (i) to finance directly the authorized ...
Ocwen Loan Servicing gives penalty fee refunds
Published July 9, 2009, 5:33 am, Baltimore Sun
Ocwen Loan Servicing has refunded nearly $675,000 to borrowers in Maryland after charging them prepayment penalties that violated state law, Maryland's Office of the Commissioner of Financial Regulation said Wednesday. After the financial regulation office found some violations, Ocwen checked all its Maryland mortgages and sent refund checks to more than 180 borrowers at the end of last month, ...
Ocwen Loan Servicing refunds $674K to Md. mortgage borrowers
Published July 8, 2009, 6:57 pm, Washington Business Journal
Ocwen Loan Servicing, one of the U.S.’s largest servicers of residential mortgage loans, has voluntarily refunded $674,137 to more than 180 Maryland borrowers after a state examination found violations of Maryland law restricting the imposition of prepayment penalties. (OCN)
SMF Energy Corporation Completes $40 Million Recapitalization
Published July 7, 2009, 5:50 am, PR Newswire via Yahoo! Finance
SMF ENERGY CORPORATION, today announced that it has completed a comprehensive and highly beneficial $40 million recapitalization program that restructured all of its debt and equity, providing substantial short term and long term financial benefits to the Company.
Merkley visits with Lebanon residents
Published July 6, 2009, 4:55 pm, Lebanon Express
Health care, unemployment and energy policy were hot topics
What to know before refinancing
Published July 4, 2009, 4:38 am, Bankrate.com
The Federal Reserve's decision to buy up mortgaged-backed securities caused mortgage rates to fall and created new opportunities. Should you refinance your mortgage now? Before you rush to refi, take a few minutes to determine if it's the right move for you.
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