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Legal woes continue for Ocwen as the beleaguered mortgage servicer, along with the country’s largest force-placed insurer, has agreed to pay a settlement over claims of kickbacks and inflated prices
What's its secret sauce? Since it launched last year, the startup has originated over $100 million in loans and raised about $109.3 million across three rounds of financing.
The cooperative lets fix-and-flip investors to institutional investors access discounts on products and services needed to purchase, renovate, manage and sell residential investment properties.
The year saw record origination volumes from life insurance companies and the GSEs, and the second highest level on record for banks.
B2R Finance has announced the industry’s first multi-borrower SFR securitization transaction, which is expected to include a $230 million principal.
Ocwen has rejected efforts made by investors to remove the firm as the servicer of billions of dollars of mortgage pools.