The Week Ahead: Nearing the Forbearance Exit 2 days ago Tory Barringer began his journalism career in early 2011, working as a writer for the University of Texas at Arlington’s student newspaper before joining the DS News team in 2012. In addition to contributing to DSNews.com, he is also the online editor for DS News’ sister publication, MReport, which focuses on mortgage banking news. Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Government, News Servicers Navigate the Post-Pandemic World 2 days ago Print This Post California Department of Business Oversight mortgage servicing rights Ocwen Regulation 2015-01-13 Tory Barringer Share Save Home / Daily Dose / California Agency Seeks to Suspend Servicer’s Mortgage License Previous: Lawmaker Urges CFPB to Abandon Office Renovation Plans Next: Castro: It’s Time to ‘Remove the Stigma’ Promoting Homeownership Related Articles About Author: Tory Barringer Subscribe Demand Propels Home Prices Upward 2 days ago California Agency Seeks to Suspend Servicer’s Mortgage License Servicers Navigate the Post-Pandemic World 2 days ago The Best Markets For Residential Property Investors 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Tagged with: California Department of Business Oversight mortgage servicing rights Ocwen Regulation Ocwen Financial Corp.’s already difficult regulatory situation grew worse this week after news broke that a California state agency is seeking to have the company’s mortgage license suspended.The LA Times was the first to report Tuesday morning that California’s Department of Business Oversight is moving to halt Ocwen’s operations in the state after the company failed to provide documentation about its compliance with California’s Homeowner Bill of Rights. The bill, which went into law at the start of 2013, prohibits certain mortgage servicing practices—such as dual-tracking—and sets in place requirements for single points of contact and document verification, among other provisions.Department spokesperson Tom Dresslar confirmed the report, saying that Ocwen’s lack of response comes despite repeated requests from the state.”We’re the regulator, and we have a responsibility to consumers to ensure that our licensees are complying with laws,” Dresslar told DS News. “They’re not providing us the information we need to do our job.”Dresslar explained that if Ocwen’s license is suspended, the company would be given a “reasonable transition period” to find alternative servicers for its existing portfolio. It would not be allowed to take on new loans.If Ocwen turned over the information the department is seeking, “We’d have to determine at that point how to proceed,” he added. For the time being, the company has asked for a hearing, which is currently set for July.Losing California would be a big blow to Ocwen, which serviced more than 378,000 home loans in the state valued at $95 billion in unpaid principal balance as of Q3 2014, according to MarketWatch. Shares for the company plummeted in early trading Tuesday, falling off by more than 33 percent before ticking back up slightly.With the latest news, Ocwen is off to a less than promising start to 2015 after concluding what was a rocky 2014. The firm’s most recent round of problems started early last year, when New York financial regulator Benjamin Lawsky announced a probe into the company’s practices in response to its explosive growth and customer complaints.After months of concerns voiced by the Federal Housing Finance Agency, the Office of Mortgage Settlement Oversight, and various state agencies, Ocwen finally reached an agreement with Lawsky’s office that saw the departure of founder Bill Erbey and a $150 million monetary settlement.Throughout all the troubles of the last year, Ocwen continually pledged to work with regulators to dispel their concerns.In a statement, Ocwen president and CEO Ron Faris said the company has dedicated “substantial resources” toward satisfying the state’s request and believes it has provided the necessary information. He also pointed to Ocwen’s efforts to help California’s homeowners, including the completion of 13,000 loan modifications and 3,500 short sales in 2014.”We expect that we will receive follow up requests or clarifications and that further document and information exchanges may take place,” Faris said. “We expect our ongoing cooperation will result in a satisfactory outcome for all parties.” January 13, 2015 1,253 Views Data Provider Black Knight to Acquire Top of Mind 2 days ago Sign up for DS News Daily The Best Markets For Residential Property Investors 2 days ago
iStock(VIRGINIA BEACH, Va.) — Eleven of the 12 people shot to death at the Municipal Center in Virginia Beach on Friday were city employees, and the gunman who allegedly committed the killing spree was also a longtime city worker who had a security pass, authorities said Saturday morning.Virginia Beach City Manager Dave Hansen called the massacre a “senseless, incomprehensible act of violence,” as he released the names of those killed.Four victims wounded in the rampage remained hospitalized on Saturday. A police officer hurt in the incident is “doing well,” said Virginia Beach Police Chief James Cervera.Cervera identified the suspect as DeWayne Craddock, 40, an engineer in the city public utilities department for 15 years who was killed during a gun battle with police.“He was still employed,” Hansen said of Craddock. “He had a security pass like all employees have, and he was authorized to enter that building.”Cervera declined to comment on a possible motive for the shooting, and Hansen refused to say if Craddock had recently been disciplined.An emotional Hansen read the names of the victims, saying he worked with many of them for many years, including Richard Nettleton, a public utilities engineer for 24 years who had previously served with Hansen in the military.“They leave a void that we will never be able to fill,” Hansen said.In addition to Nettleton, the victims were identified as Laquita C. Brown, a public works employee for 4 1/2 years; Tara Welch Gallagher, a 6-year public works engineer; Mary Louise Gayle, a public works engineer for 24 years and a right-of-way agent; and Alexander Mikhail Gusev, a public works right-of-way employee for 9 years.Also killed were Katherine A. Nixon, a public utilities engineer for 10 years; Christopher Kelly Rapp, a public works employee for 11 years; Ryan Keith Cox, a public utilities worker for 12 1/2 year; Joshua A. Hardy, a 4-year public utilities worker; Michelle “Missy” Langer, a public works administrative assistant for 12 years; and Robert “Bobby” Williams, a public utilities employee for 41 years.Contractor Herbert “Bert” Snelling, who was in the Municipal Center to file a permit, was also killed.Police believe Craddock used a handgun and a long gun in the attack, which erupted about 4 p.m. on Friday.Cervera said there were about 400 people inside the three-story Building 2 of the Municipal Center when the shooting started and that the suspected gunman “indiscriminately” fired at employees on every floor, except the basement.He said two police officers, identified as detective supervisors, rushed to the shooting scene from the police station about 100 to 150 yards away, and were met by people rushing out.Cervera said the officers quickly tracked down the suspect and engaged in a “running gun battle with this individual” that lasted less than 30 minutes before officers shot the gunman to death.He said that while Virginia Beach police officers had trained for a large-scale active shooter incident on March 30, “once you enter an environment such as this, things change in minutes.”“You cannot replicate the intensity of an environment such as this,” Cervera said.He said additional weapons were found at the scene believed to be the gunman’s, and that other weapons were found during a search of the alleged killer’s home.Copyright © 2019, ABC Radio. All rights reserved.
It’s been over two months since Mac Miller passed away, leaving behind a short lifetime of to-be hits. At just 26-years-old, the Pittsburgh-born rapper had impressed the hip-hop world with his authenticity, collaborating with Kendrick Lamar, Anderson .Paak, Miguel, and Lil Wayne, as well as John Mayer, Thundercat, Robert Glasper, Flying Lotus, and so many more.Mere weeks before he was found dead of an accidental drug overdose, Mac released his most impressive collection of songs to date with Swimming. In the months since his death, he’s been celebrated and honored extensively—essentially gaining a whole new audience of fans who never had the opportunity to support Mac while he was alive.Today, fans get to experience yet another side of Mac Miller with the release of one of his final recordings, which took place in September (the month he passed) at the Spotify studios in New York City. The solo performance features Mac singing and playing the piano, a version of him that touched an audience beyond his rabid hip-hop fans and displayed the diverse musical roots that ran deep in his artistry. For the session, he played his original song, “Dunno”, from Swimming, as well as a cover of 1974’s “Nothing from Nothing” by Billy Preston (The Rolling Stones, The Band, The Beatles). An admirable cover choice, indeed.While more unreleased material from Mac Miller will likely roll out in the coming months, it’s tough to swallow his creativity knowing it won’t ever age while it simultaneously passes the test of time. Like all good things, his music will eventually run out. It’s just a damn shame that it will happen so soon.We miss you, Mac.Mac Miller – Spotify Singles – 2018<span data-mce-type=”bookmark” style=”display: inline-block; width: 0px; overflow: hidden; line-height: 0;” class=”mce_SELRES_start”></span>On October 31st, the life and legacy of Mac Miller was celebrated at a tribute show that featured Action Bronson, Anderson .Paak, Chance The Rapper, Domo Genesis, Dyan Reynolds, Earl Sweatshirt, J.I.D, John Mayer, Miguel, Njomza, Schoolboy Q, SZA, Thundercat, Travis Scott, Ty Dolla $ign, Vince Staples, and more at Los Angeles’ Greek Theatre. You can watch videos from that concert here.
More from newsMould, age, not enough to stop 17 bidders fighting for this homeless than 1 hour agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor7 hours agoBrisbane has seen major growth in its unit market in recent years, especially across the inner city. Picture: Richard WalkerThe results came after Brisbane finished off the year with a December quarter rise of 2.2 per cent for average residential price – a stronger result than Setpember (0.2 per cent) and June quarters (1.1 per cent).The mean dwelling price for Queensland was $492,200, according to ABS, compared to $864,900 for New South Wales and $656,800 nationally.Housing Industry Association chief economist Dr Harley Dale said there was a wide gap between growth rates across houses versus attached dwellings and also between the eight capitals.“The growth rate for attached dwelling prices is far slower than for existing houses, while Sydney (10.3 per cent) and Melbourne (10.8 per cent) price growth is way of ahead of other markets,” he said. Brisbane’s average dwelling price has been affected by a drop in the unit market.A MAJOR slowdown in the average price of attached dwellings has dragged down Brisbane’s residential price index.The average price of homes sold in Brisbane rose 3.8 per cent last year, dragged down by unit price growth hitting negative territory (-0.3 per cent), according to the Australian Bureau of Statistics Residential Property Price Index.This came despite the house price index for Brisbane seeing 4.6 per cent growth. Both unit and house results were still over four percentage points behind than the national house (8.9 per cent) and attached dwelling (4 per cent) growth rates Mega mansion hits the market for $14m Blink-and-you’ll-miss-it suburbs Get The Courier-Mail’s Realestate newsletter daily for free HIA chief economist Harley Dale“Sydney and Melbourne represent 40 per cent of Australia’s population and some concern regarding the trajectory of house price growth in these two markets is warranted.“Elsewhere, people still scratch their heads when it comes to a supposed housing price ‘boom’ because that simply hasn’t been their experience this cycle, even allowing for some recovery in prices in recent times.”But he warned against a blanket crackdown on lending to tame the market.“On the same day as we have received an update on dwelling prices there has also been speculation regarding some tension between members of Australia’s Council of Regulators, plus an (appropriate) questioning of banks’ out of cycle interest rate hikes,” he said.“People can make of that what they will, but let’s not lose sight of the main goal. Yes, there is some need to tighten lending conditions for some Australian housing markets in terms of geographical areas and dwelling types. However, a blanket tightening of lending conditions – as now seems to be emerging again – is the wrong policy and risks damaging Australia’s financial stability. That is the very opposite to the ideal outcome authorities want to achieve.”
Vigo: Athletic Club defeated Celta 2-1 to pick up three valuable away points and emerge from the La Liga relegation zone.The Bilbao side, undefeated in their last four matches under new coach Gaizka Garitano, move up to 17th with 19 points from 18 matches, reports Efe.Celta, with 21 points, are 14th.The hosts struggled to play out from their own end in the early going and the first three chances here on Monday in front of the 12,000 spectators at Vigo’s Balaidos Stadium came on free-kicks.With a focus on the counter-attack, Athletic’s moment arrived in the 19th minute, when Iñaki Williams went almost the length of the pitch and got the ball to Iker Muniain in the area for the goal.The contest then settled into torpor until the dying seconds of the first half, when 19-year-old Fran Beltran converted a corner to bring Celta level with his first LaLiga goal.Celta were brighter to start the second half and both Beltran and Maxi Gomez tested visiting goalkeeper Iago Herrerin.But the rally sputtered as the minutes passed and Athletic reclaimed the initiative, again with Williams in the vanguard.In the 53rd minute, Herrerin sent the ball 60 yards to Williams behind the Celta defense and the striker beat keeper Ruben Blanco in the 1v1 to put the Bilbao club ahead 2-1.Conceding a second time appeared to sap whatever remained of Celta’s morale and the closest the hosts came to equalizing was a header by Gomez in the final play of the match. IANSAlso Read: League Leading Barça Cruise Past Celta
The Wisconsin men\’s track and field team poses for the camera after winning the 2013 Big Ten Indoor Championships\’ team title.[/media-credit]GENEVA, Ohio – It wasn’t decided until the final event, but Wisconsin head coach Ed Nuttycombe was able to breathe a sigh of victorious relief Saturday afternoon at the SPIRE Institute in Geneva, Ohio.In a meet that saw the top five teams separated by a mere five points, the No. 10 Badgers’ men’s track and field team emerged winner of the team title in the 2013 Big Ten Indoor Track Championships.The indoor title is UW’s first since 2008.“The first thing was that it came down to the last event, d?j? vu all over again,” Nuttycombe said in reference to his team’s close victory in the 2012 Big Ten Outdoor Championship. “The results were the same as far as us winning, the way it went down was a little different.”But, things were a little different in the way UW was able to seal the title.Heading into the final event, the 4×400-meter relay, Wisconsin held a 1.5 point lead over Illinois. Then, the shocker of the meet occurred, as the Illini struggled on their final exchange and their last runner tripped up on the final lap and did not finish the race, sealing the victory for the Badgers.It was a race that left many, including Nuttycombe, speechless, especially because Wisconsin finished only eighth in the final event.“I was stunned,” Nuttycombe said. “I honestly did not know what to say the first few minutes after the race.”Pacing the Badgers winning 90-point team total was the heptathlon combination of All-American junior Japheth Cato and sophomore Zach Ziemek, placing No. 1 and No. 2 at the event. Cato shattered his Big Ten record by posting a 6,090-point performance, while Ziemek trailed by posting his own impressive tally of 5,846, earning him a second team all-Big Ten honor.With the win, Cato becomes the Big Ten’s second ever three-time winner in the heptathlon. The total mark by the Wisconsin junior also ranks as the second best by an American and fourth best in the world so far this year.Cato was powered to the title by wins in the events 60-meter dash, long jump, 60-meter hurdles and pole vault while placing fourth in the high jump.“I came here with the determination of just simply coming here to win,” Cato said. “Halfway through it, right after high jump, I thought ‘Man, I just might go for it, you know?’ I only have a couple of these [heptathlons] my whole entire life so it’s all or nothing.“Go big or go home.”Ziemek’s performance was special as well, as the sophomore finished with his personal-best performance and the No. 5 mark in the NCAA this season, finishing in the exact place in the indoor championships he had strived for.“I really wanted to take second place because Cato is amazing and I know I couldn’t take first,” Ziemek said. “I really wanted to help out the team this year.”Besides the dominating Wisconsin performances in the heptathlon, the Badgers were buoyed by individual championships from junior Danny Block in the shot put – with a throw of 19.4 meters – and Maverick Darling in the 3,000-meter run, who set a meet record with a time of 7:50.97.Sophomore Austin Mudd finished second in the 800-meter run, missing first by just tenths of a second to Penn State’s Brannon Kidder.Canadian Olympic runner and Wisconsin senior Mohammed Ahmed also contributed in a big way by placing second in the 5,000-meter run with Darling placing third behind him.But the contributions in the 5,000-meter run didn’t stop there, as seniors Elliot Krause and Brian Leung also finished sixth and seventh, helping the Badgers rack up 19 points in the event, one which Nuttycombe says “we hang our program and our success in that area.”“We needed at least 17 points out of the 5K,” senior captain Grant Bughman said. “Guys stepped up when they needed to and, at the end of the day, all that mattered was getting that stick around the track. Sometimes that’s all it takes.”The championship was the 26th for the Badgers under Nuttycombe and the program’s 17th since 2000, reaffirming the Badgers’ track and field program as a conference dynasty.“Just like Mav and I talked about the day before with a bunch of the guys when we met, all you have to do is focus on your job, and that’s what everyone did,” Bughman said. “As long as everyone performs when they need to, you might get a little luck to go your way, and we did what we came here to do.”All quotes courtesy of UW Athletics Communications
For his exploits in the continent as well as being the first African in any sport to compete in seven Olympic Games, the International Table Tennis Federation (ITTF) will on Friday August 12 at the Riocentro Pavilion 3 in Rio.According to ITTF Promotion and Media Manager, Matthew Pound, Toriola will be joined in the celebration by three other table tennis stars that have competed in seven Olympic Games – Croatia’s Zoran Primorac, Sweden’s Jörgen Persson and Belgium’s Jean-Michel Saive.Unlike Toriola who made his debut at the 1992 Barcelona Olympic Games, while the European trio debuted at the 1988 Moscow Olympic Games when table tennis became a medal hauling event at the Olympic Games. The ITTF spokesman also confirmed that the President of ITTF, Thomas Weikert will make a presentation to Toriola while they will have a photo session with top officials of the world table tennis ruling body as well as some top players.The International Olympic Committee (IOC) had earlier described Toriola as Africa’s most successful table tennis player of all-time as the most decorated table tennis star; Toriola has won 14 gold medals at the African Games from 1995 to 2015; two gold medals at Commonwealth Games as well as eight gold medals at the African Championships.For 10 years (1998 to 2008), Toriola is ranked number one in Africa, and he is renowned for his unusual style of forehand play, which makes him an awkward opponent for many opponents. Despite lacking good footwork, he has an excellent topspin, which has allowed him to pull off many upsets with top world players.At the Rio 2016 Olympic Games where he made his seventh appearance at the games, he caused an upset in his first round tie against Czech Republic’s Dmitrij Prokopcov. Toriola was ranked 120 in the world while Czech is rated 79 but the former African champion prevailed over the European 4-2 to advance to the second round where he was defeated 4-2 by world’s number 22, Japan’s Niwa Koki.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram