OCWEN FINANCIAL CORP. ANNOUNCES PURCHASE OF PHH CORP. FOR $360 MILLION
NATION: Ocwen Financial Corporation has announced it will purchase all outstanding shares of PHH Corporation, with the deal anticipated to close later in 2018. [February 27, 2018 5:45:00 PM, FULL STORY HERE]
FANNIE MAE INCENTIVIZES PEOPLE WITH STUDENT LOAN DEBT TO INVEST IN HOMES
NATION: Fannie Mae has produced new programs to incentivize people with notable student loan debt to invest in a home while paying down their debt.
Under Fannie Mae's new offerings, the oft-described "vicious cycle" of going into debt for college education in order to get a job to pay for that debt could be mitigated in part by allowing those debtors to cut the loan debt from their debt-to-income ratio, as well as allowing lenders to accept student loan payment information on credit reports. [May 18, 2017 9:45:00 AM] FULL STORY HERE]