"Mr. Cooper" seems like an odd name for a mortgage company to trademark, but you never know...

SIFMA argues that the FHFA has to take a more active role in keeping GSE programs aligned so that differences in prepayment speeds do not emerge.

Irony or good business?: Ocwen's mortgage customers are located in the U.S., but the back office staff processing their loans are mostly overseas.

Guaranteed Rate, a retail mortgage lender, continued to expand its business with the acquisition of new call centers and 75 loan officers from Discover Home Loans, which recently announced its decision to exit the mortgage origination business. The new loan officers will join Guaranteed Rate and help generate more loans through its new Digital Mortgage technology, which the company launched in June. The software uses encrypted cloud storage and ...

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.

Two companies – Wells Fargo and Bank of America – accounted for virtually all of the decline in bank MSR holdings during the second quarter.

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.”

Fannie Mae recently changed the way self-employment income is verified when the borrower doesn’t have a history of business income distributions. 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. As an alternative to the previous verification method of a documented distribution history, the lender now just needs to confirm that the borrower has access to the business income and that there is adequate liquidity in the business to support withdrawal of earnings. Additionally, only the most recent year of individual and business income federal tax returns will be required for certain Desktop Underwriter case...

Fannie Mae revealed last week that New Jersey Capital, a non-profit organization, was the winner of the GSE’s first small non-performing loan pool geared toward non-profits and minority- and -women-owned businesses. The “community impact pool” auction was for $10 million of nonperforming loans. The pool, first marketed back in July, was designed to include geographically focused, high-occupancy collateral where bidders have a longer than usual time to participate in hopes of attracting diverse participation. The average loan size was $143,572 and the mortgages were delinquent for three years on average. The transaction is expected to close Oct. 26. The non-profit organization’s president, Wayne Meyer, said the pool will help the organization expand NJCC’s innovative foreclosure mitigation and prevention programs in Florida...

Moody’s Investors Service recently upgraded three early GSE risk-sharing transactions from 2013 and 2014 that performed better than the rating service initially expected. Freddie Mac’s STACR 2013-DN2 and STACR 2014-DN1 along with Fannie Mae’s CAS 2014-C01, each designed to provide credit protection against the performance of reference pools of prime first-lien conforming mortgages, were upgraded. These are different from a typical residential mortgage backed security transaction in that note holders aren’t entitled to receive cash from the mortgage loans in the reference pools. Instead, Moody’s said the timing and amount of principal and interest that Freddie or Fannie are obligated to pay on the notes are linked specifically to the performance of the mortgage loans in the reference pool.