During his tenure at Ocwen, Ziengenfuse was in charge of managing the company’s “strategy” with Fannie Mae, Freddie Mac and Ginnie Mae receivables, the SEC said.
Commercial banks and savings institutions valued their mortgage-servicing rights at historically high levels at the end of the second quarter, even as industry leaders continued to pull back from the sector. A new Inside Mortgage Trends analysis of call-report data reveals that the industry serviced $3.563 trillion of single-family mortgages for other investors, usually loans held in mortgage-backed securities trusts. The industry total servicing for others was down ... [Includes one data chart]