In order to grow its servicing portfolio through acquisitions, Ocwen has to satisfy conditions set in detailed consent orders...

A few months back, rumors began circulating that ACMI was contemplating taking bids on its servicing business.

If Citadel can hit the $1 billion mark it would be a significant achievement in the “new,” post-crash nonprime market.

Mortgage executives have much to worry about these days: TRID, declining loan volumes and marketing services agreements, a new survey found.

In January, Birch Run reported a 17.8 percent ownership stake in Walter, but has since increased it to 19.8 percent.

A number of different firms handle servicing on the loans, led by Ocwen Financial with a 54.1 percent share.

In a past audit, the OIG criticized the FHFA for lacking a “sufficient number of examiners.” In the new budget, the FHFA plans to increase its examinations head count to 275 from 248 in FY 2015.

At the end of fiscal year 2015 the two GSEs had combined REO holdings of 78,738 units, a 36 percent decline from the prior year…

This observer, requesting anonymity, said bluntly that the MBS “trade” is over, a summation that is bolstered in part by so many Wall Street firms either closing their trading desks or scaling back...

Impac’s initial foray into non-QM production was sourced mostly through the wholesale channel.