Will President Trump (if elected) tax mortgage servicers that use offshore workers?

Consumers said they received conflicting and confusing foreclosure notifications during the loss mitigation review process...

While S&P will rate new non-agency MBS without formal guidance from the CFPB, the rating service noted that the market’s handling of TRID issues is fluid...

Blackstone continues to expand its presence in the mortgage industry on several fronts. In late January, it bought Interactive Mortgage Advisors, a Denver-based servicing advisory firm.

State regulators have been particularly concerned about growth in recent years by nonbank servicers such as Ocwen Financial, the largest subprime servicer. Ocwen, of course, is now shrinking.

On the subject of delayed closings, one agent had this to say: “All of my closings are taking two to four weeks longer to close, and there has been a lot of confusion…”

Sig Anderman’s once small firm is now worth more than Nationstar Mortgage, Ocwen Financial and Walter Investment Management Corp. combined.

In after-hours trading Wednesday, its share price was down 20 percent to $2.25.

Pricing on the deal was good, but investor fears rule the day.

A spokesman for BofA declined to provide any color on the mark, but provided a link to past financial filings where the bank talks about its hedging activities which are based on “model and other cash flow” assumptions.