The Mt. Laurel, NJ-based Freedom is eager to grow its retail presence in the U.S., but is still committed to third-party lending where it has a large presence.
The FHFA has decided not to have a chairman for Common Securitization Solutions. Instead, the unit will be governed by a four-person "board of managers."
A recent research note from Sterne Agee predicts higher operating costs for Ocwen because of its ongoing regulatory disputes with the New York Department of Financial Services.
The number of residential properties that are seriously underwater declined to 8.1 million in the third quarter of 2014 from 9.1 million in the first quarter, according to a new report from RealtyTrac. Another 8.5 million properties were on the verge of resurfacing. Dan Blomquist, vice president at RealtyTrac, said it is not yet time to celebrate. He said 8.1 million underwater properties still represent 15 percent of all mortgaged properties with an estimated $1.4 trillion in negative equity ...
Top mortgage sellers to Fannie Mae and Freddie Mac appear to be focusing even more on lower-risk mortgages, according to a new Inside Mortgage Trends analysis of loan-level mortgage-backed securities data. Some 62.9 percent of loans delivered in the third quarter had credit scores of 740 or above, up from 61.9 percent in the second quarter and 60.5 percent in the first three months of the year. The data exclude mortgages with loan-to-value ratios exceeding ... [Includes one data chart]