The Smart Team of NOVA® Home Loans

CFPB and CHOICE Act; Non-Prime Security Update; French Elections Move U.S. Rates

Posted To: Pipeline Press

Nature always bats last. Just ask singer Paul Simon who is moving his New York cottage away from the eroding ocean. Thinking about things like “oceans” and “cottages” reminds me…The National Association of Realtors reports sales of vacation homes dropped 22% last year to the lowest level in 3 years: higher prices and a shift in consumer behavior toward renting vs. buying led to the decline. CFPB news New Residential Investment Corp. investors are watching its share price sink due to Ocwen Concerns. NRZ shares fell as much as 13.4% intraday and ended the day down 7.7% on concerns related to Ocwen. Remember that last week the N.C. banking commissioner, along with 20 state regulators, filed a cease-and-desist order against Ocwen. The CFPB also filed a lawsuit. While these actions will likely…(read more)

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Source: Mortgage News Daily

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