Ocwen blames the anticipated loss on lower revenue and higher operating expenses.

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

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.

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.

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.”

With the effective date of the Consumer Financial Protection Bureau’s integrated disclosure rule now just weeks away, industry representatives are escalating the amount of compliance advice they are offering to real estate agents and lenders. This week, the Mortgage Bankers Association released a variety of materials to facilitate complete conformity with the bureau’s pending disclosure rule under the Truth in Lending Act and the Real Estate Settlement Procedures Act ...

In the years after the financial crisis, lenders have tried to limit the amount of repurchase demands from the government-sponsored enterprises by tightening underwriting requirements, according to an analysis by the Urban Institute’s Housing Finance Policy Center. The HFPC noted that the percentage of mortgages that Fannie Mae and Freddie Mac have put back to lenders due to violations of representations and warranties for originations in recent years ...

Regulatory fears are driving the desire by some owners/CEOs to exit the mortgage business, but we’ve heard that refrain before.

As one jumbo securitization officialtold Inside MBS & ABS: “Gain-on-sale margins have been okay, but no one is buying a new boat.”

Although Republicans likely have enough votes to force a multi-prong regulatory relief bill through both chambers, the White House remains opposed...