Ocwen Is In Trouble
Latest posts by VaCAP Board (see all)
- Virginia is NOT Playing Around! - May 17, 2017
- Legislators Supportive of Appraiser Issues - May 15, 2017
- Appraisers Need to Rethink How to Conduct Business - May 4, 2017
Could Ocwen’s trouble mean more business for appraisers?
Ocwen Financial is in trouble with 22 States and the Consumer Financial Protection Bureau. Some states have issued a Cease and Desist Order, others like South Dakota are telling it like it is:
“Ocwen does not possess the competence, experience, character, or general fitness required to permit Ocwen to continue…”
Could this mean more business for appraisers? Will these issues be found in other lenders? How will the Real Estate and mortgage market be impacted? Time will tell. In the meantime, read all about Ocwen’s trouble on HousingWire here.
In Other News:
In his most recent show, Phil Crawford, host of “Voice of Appraisal”, talks about liability and eValuations. As we announced a few weeks ago, as of July 1, Virginia will allow appraisers to perform eValuations without USPAP compliance. John Torvi with Landy Insurance outlines your liability with these products. We suggest everyone listen to this show!
Phil has made some exciting changes over the past few weeks. Phil now has an app, and mid-week updates. Listen to his show and check out what is new here.
Save the date: May 16, 2017, The Virginia Real Estate Appraiser Board Meets. The meeting is open to the public and appraisers can receive up to 2 hour of CE for attending. The meeting starts at 10:00 AM at DPOR offices, 9960 Mayland Dr, Richmond, VA 23233.
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