Is Ocwen the seller of the MSRs?

The separation agreement prohibits the mortgage industry veteran from competing with Ocwen for at least 24 months.

Two of the four, Chase and BofA, reported increased originations during the fourth quarter. At Chase, production was up 8.5 percent...

Altisource recently eliminated 800 employee positions and hundreds of contractors.

A recent report from Barclays found that Ocwen is the servicer on $500 million worth of eligible deals where the collateral value is above 107.

At press time, the yield on the 10-year Treasury was at 1.80 percent, the lowest level since May 2013.

“The bureau welcomes and encourages suggestions of cases as candidates for amicus curiae participation,” said the letter, signed by Meredith Fuchs, general counsel of the CFPB.

Although Ocwen Financial is in regulatory hot water with California – a dicey proposition given the state’s importance to the mortgage industry – the nation’s fourth-largest servicer will continue with a strategy of non-agency MBS clean-up calls and Ginnie Mae buyouts. At least, that’s what company Executive Vice President and Chief Investment Officer John Britti told Inside MBS & ABS late this week. Britti confirmed continuance of the strategy, but declined to offer any new details or color. The big question, of course, is...

The Federal Housing Finance Agency will unveil nonbank capital guidelines for servicers by mid-year. Also on the docket: Changes to loan level price adjustments..

It appears that Fannie Mae and Freddie Mac may be slowly backing away from making large servicing advance facilities to certain nonbank customers. In a recent filing with the Securities and Exchange Commission, Green Tree Servicing said it amended an existing facility it had with Barclays Bank, increasing the line to $1.2 billion from just $100 million. A subsidiary of Walter Investment Management, Green Tree then turned around and repaid Fannie Mae some $765 million on the outstanding balance of an existing advance facility. It’s unclear how large Fannie and Freddie are in the advance market, but one servicing advisor had this to say on the topic: “Fannie is the largest lender of servicer advances in the business simply through ...