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Volume 2014 - Number 36

September 25, 2014

Ocwen-Wells Fargo MSR Transfer Expected to Be Completed Eventually – But Deal Is Getting Smaller

Ocwen Financial – once the largest buyer of “legacy” mortgage servicing rights in the secondary market – is mostly sitting on the sidelines these days when it comes to buying new product. According to servicing advisors and industry officials familiar with the company, the nonbank has been selectively bidding on smaller pools, staying away from larger deals. Meanwhile, Ocwen still hopes...

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HUD has announced a 25 basis point cut in FHA premiums, which is slated to take effect in late January. Is your lending shop for or against a cut in FHA premiums?

For. It should help lending volumes.
Against. The private MI sector should take on this risk, not the government.
Too early to say.
I believe the new White House may scuttle the idea so it doesn’t matter.

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