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Ocwen Now Expects a Loss for 2015, Unveils Cost Cuts; Oh, and It Hopes to be a Top 10 Lender

September 15, 2015
Paul Muolo
Ocwen blames the anticipated loss on lower revenue and higher operating expenses.
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Bank of America Remains the Mortgage Repurchase King

September 15, 2015
John Bancroft
Bank of America still leads the industry in buybacks with $539 million on a year-to-date basis, or 28.5 percent of the total for all banks.
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Another Regulator Cashes In as Webster Bolts CFPB for Wells Fargo

September 15, 2015
Thomas Ressler
The trend continues: Work for the CFPB for a year or so and then cash out...
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Radian Launches Two Jumbo MI Offerings, Including Product for Medical Professionals

September 15, 2015
Brandon Ivey
It seems that more MI firms are sticking their toes into the jumbo waters...
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Ocwen Now Expects a Loss for 2015; More Layoffs Planned; Oh, and It Hopes to be a Top 10 Lender

September 15, 2015
Paul Muolo
According to figures compiled by Inside Mortgage Finance, Ocwen may have a long way to go in meeting its production dreams...
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HARP Refi Volume Just About Flat in 2Q15

September 15, 2015
John Bancroft
Fannie Mae had a slight increase in HARP activity and accounted for 59.3 percent of the total for the two GSEs...
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Short Takes: Almost All GSE-Related Legislation is DoA / Don’t Kill the Golden Goose / Those Crazy Common Investors / The GSEs Are Worth $105 Billion? / Brian Webster’s Resume

September 15, 2015
Paul Muolo
In 2Q, the GSEs earned $8.8 billion combined. Multiply that by four (quarters) and then three (years) and you get $105.6 billion.
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And the Beat Goes On: Banks Continue to Shed Servicing Rights

September 14, 2015
John Bancroft
Two companies – Wells Fargo and Bank of America – accounted for virtually all of the decline in bank MSR holdings during the second quarter.
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Home Point Looks to Buy Servicing Rights, Add Another Retail Team

September 14, 2015
Paul Muolo
Recently, Home Point added a large retail lending team from Great Plains Bank and Newman promised that “we have another large retail team scheduled to come on in the next several weeks.”
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Looser Credit on the Way? Fannie Tweaks Self-Employment Verifications

September 14, 2015
Carisa Chappell
The set of changes was updated in the GSE’s selling guide and shows a new way that income from self-employment can be both calculated and documented.
Read More
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