Tag Archives: Director Richard

Housing Crisis: New Rules Hit Mortgage Servicers

The nation’s five largest banks service about half of all mortgages, but recently they have been selling those servicing rights to so-called “specialty servicers,” like Ocwen and Nationstar, whose stocks have been soaring. These companies specialize in delinquent mortgages. The … Continue reading

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San Jose, South Bay redevelopment agencies prepare for post-agency world

San Jose’s storied redevelopment agency — the state’s second largest as measured by property tax revenue — will end on Feb. 1 with a whimper, not a bang. Even before last summer, when the state Legislature signed off on Gov. … Continue reading

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