In some purchase transactions, lenders require special certifications and inspections stemming from VA policy guidance.

Freddie and Fannie both posted earnings north of $2 billion for the fourth quarter. But Freddie posted a net loss of $475 million in the third quarter of last year after booking a stunning $4.17 billion charge on its derivatives.

At the ABS Vegas conference the deal agent concept was touted by Monique Rollins, deputy assistant secretary at the Treasury Department, as a significant structural reform for the non-agency MBS market.

Ocwen's goal: to be a “world-class” company. But investors need convincing. Its stock is down 92 percent from its all-time high.

Eric Kaplan of Ranieri Strategies noted that many investors in non-agency MBS wish to remain anonymous.

Among other things, the attorneys will represent clients in supervisory matters before the Consumer Financial Protection Bureau...

Ocwen continues to face regulatory issues, including constraints on growth via acquisitions. However, Fitch recently upgraded a number of the firm’s servicer ratings from a level 4 to a level 3-minus with a “stable” outlook.

As IMFnews went to press Monday, investors were once again punishing the stock, with shares trading down 20 percent on the day to $4.95. Its all-time high is $60 a share.

Ditech increased its servicing portfolio to $266.7 billion from $265.4 billion in 3Q, and said it is pursuing “potential business opportunities,” including plans to pursue more subservicing contracts.

The Department of Veterans Affairs has entered into an agreement with the U.S. Department of Agriculture to manage and market the latter’s inventory of real estate-owned single-family and multifamily properties. Mike Frueh, director of the VA Home Loan Guaranty Program, revealed the agreement during a recent hearing by the House Committee on Veterans Affairs on the state of program. Frueh told...