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ยป VISIT US ONLINE @ DSNEWS.COM 7 A look at facts you didn't know you couldn't live without. Compiled by the DS News Staff According to Black Knight's August Mortgage Data Report, national delinquency rates barely moved compared to July's figures; however, delinquency rates in areas impacted by Hurricane Harvey rose 16 percent. According to the Consumer Financial Protection Bureau (CFPB) 2017 Financial Well-being in America report, average adults who answered to be "very satisfied" in the place they live have a higher level of financial stability (10 points) at the age of 60, than those that report being "less than very satisfied," (50 points). OCWEN ENTERS INTO RESOLUTION AGREEMENT WITH 12 STATES INSIDE THE JOURNAL // MOVERS & SHAKERS // ON THE WEB // THE APP SPECTRUM TAKE A LOOK INSIDE THE NUMBERS D ATA B I T S PAGE 28 Senior Managing Director and Chief Mortgage Operations Officer, PennyMac FIVE MINUTES WITH WITH Steve Bailey Ocwen Financial Corp announced in late September that it has entered into 10 agreements to resolve its pending regulatory actions made up of Georgia, Idaho, Illinois, Maine, Michigan, Mississippi, Montana, Rhode Island, South Carolina, and Wisconsin. In April 2017, more than 20 state business regulators issued regulatory enforcement orders to subsidiaries of Ocwen to address "mishandling of consumer escrow accounts and a deficient financial condition," according to an April news release from the North Carolina Office of the Commissioner of Banks. e cease and desist orders were made after several years of examinations and monitoring. Prior to September 28, the September Ocwen release stated that state regulatory agencies in Indiana and Nevada either withdrew or allowed their respective cease and desist orders to expire. Under the agreements, terms include details such as Ocwen not acquiring any new residential mortgage servicing rights until April 30, 2018, developing plans to transition to a new servicing system, Ocwen not boarding new loans to REALServicing (this restriction does not apply to loans already serviced on REALServicing, such as modifications or loans that are converted to an arrangement where Ocwen acts as a subservicer), not engaging an auditor to perform an escrow review of between 8,000 and 10,000 loans, developing corrective actions plans for errors identified in the review, and providing appropriate consumer remediation. However, the release also notes that Ocwen did not admit or deny liability in these settlements and none of the agreements contain any monetary fines or penalties. "Ocwen is pleased to have reached mutually-agreeable resolutions with 12 states to resolve regulatory actions brought against the Company in April 2017," John Lovallo, Spokesperson for Ocwen, said. "We continue to work cooperatively with the remaining 19 state regulatory agencies and two state attorneys general, and are committed to seeking timely and acceptable resolutions with these states." Montana Department of Administration, Division of Banking and Financial Institutions Commissioner Melanie Hall also voiced that she was pleased to reach an agreement with Ocwen. It now allows both the Division and the company to move forward with a focus on what concrete steps need to be taken to provide for customers accurately and with improved service. "We look forward to productive relationships with all regulatory bodies, and to continue our mission of helping homeowners, especially those struggling to remain in their homes," Lovallo said. According to the SEC 8K filing, Ocwen is continuing to seek resolutions with the remaining 19 regulatory agencies and two state attorneys general. However, "ere can be no assurance that Ocwen will be able to reach resolutions with the remaining regulatory agencies and state attorneys general." Source: HSH.com's 2017 Q2 Home Price Recovery Index TOP 10 METROS THAT HAVE RECOVERED THE LEAST SINCE THE RECESSION TOP 10 METROS THAT HAVE RECOVERED THE MOST SINCE THE RECESSION 1 LAS VEGAS-HENDERSON-PARADISE, NV 268.93 201.19 33.67% 2 BAKERSFIELD, CA 253.39 189.92 33.42% 3 STOCKTON-LODI, CA 273.28 211.1 29.46% 4 CAPE CORAL-FORT MYERS, FL 317.72 246.9 28.68% 5 FRESNO, CA 273.07 217.85 25.35% 6 CAMDEN, NJ (MSAD) 224.65 182.84 22.87% 7 NEW HAVEN-MILFORD, CT 202.57 165.03 22.75% 8 ELGIN, IL (MSAD) 202.55 166.54 21.62% 9 BRIDGEPORT-STAMFORD-NORWALK, CT 241.78 202.69 19.29% 10 RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 274.04 231.25 18.50% 1 DENVER-AURORA-LAKEWOOD, CO 276.32 468.56 69.57% 2 AUSTIN-ROUND ROCK, TX 270.09 433.63 60.55% 3 DALLAS-PLANO-IRVING, TX 172.49 270.73 56.95% 4 HOUSTON-THE WOODLANDS-SUGAR LAND, TX 200.73 296.75 47.84% 5 FORT WORTH-ARLINGTON, TX 169.05 249.34 47.49% 6 SAN FRANCISCO-REDWOOD CITY-SOUTH SAN FRANCISCO, CA 277.18 402.35 45.18% 7 NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN 224.82 317.93 41.42% 8 SAN ANTONIO-NEW BRAUNFELS, TX 216.22 296.6 37.18% 9 BUFFALO-CHEEKTOWAGA-NIAGARA FALLS, NY 147.06 195.34 32.83% 10 PITTSBURGH, PA 180.55 237.26 31.41% RANK METRO PEAK VALUE CURRENT VALUE AMOUNT ABOVE PEAK RANK METRO PEAK VALUE CURRENT VALUE PERCENT NEEDED TO REGAIN PEAK