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A Third of Mortgage Borrowers Don't Know What Rate They Pay

NEW YORK ( MainStreet ) — More than a third of mortgage borrowers aren't entirely sure what interest rate they're paying — bad news given that the window to refinance into a sub-4% loan appears to be closing, a analysis shows.

Ocwen Financial (OCN) Stock Climbing Today Following Mortgage Servicing Rights Sale

NEW YORK (TheStreet) — Shares of Ocwen Financial Corp. are climbing, higher by 3.75% to $9.96 in midday trading Monday, following the company's announcement from earlier today that it signed an agreement in principle to sell its mortgage servicing rights to non-bank residential mortgage servicer Nationstar Mortgage Holdings Inc.  . Ocwen Loan Servicing will sell its $9.8 billion portfolio of …

Freedom Bank Mortgage Makes Key Hires

The Freedom Bank of Virginia continues to expand and grow the bank’s mortgage division. Thomas Patton has joined Freedom Bank as an Assistant Vice President and Senior Underwriter.

Citigroup, Goldman, UBS in $235 million mortgage settlement

By Jonathan Stempel NEW YORK (Reuters) – Citigroup Inc , Goldman Sachs Group Inc and UBS AG agreed to pay $235 million in cash to settle U.S. litigation accusing them of concealing the risks of mortgage securities sold by the former Residential Capital LLC before the global financial crisis. The preliminary settlement with investors who bought the securities was made public on Friday in filings …