In other words, Ocwen should have told shareholders that there was an MOU with the MMC.

Out as CEO is Brian Hale, who helped groom the company for much of this decade. Hale is departing for a new venture called DCC Holdings.

Ryan went on to say it would be a limited buffer, but it should be large enough to help cover and avoid a draw...

Marina Walsh, the MBA’s vice president of industry analysis, said mortgage performance has been helped by growth in employment and income...

Although it lost money on an accounting basis, its funds from operations, or FFO, came in at $78.2 million compared to $64.3 million for 1Q16.

Alterra Home Loans hired Tom Middleton as senior vice president of business development and national expansion. He joins the nonbank from On Q Financial...

Several trade groups, investors and analysts quickly issued their take on Watt’s comments, but there were some notables missing in action: Pershing Square and Fairholme.

The MSR package is top-heavy in Massachusetts receivables at 94 percent…

What is an “egregious” VA mortgage loan? Panelists at last month’s VA Lending Conference in Kansas City, MO, helped shed light on such loans by describing them as flawed and in violation of VA requirements. “But there’s more,” said Greg Nelms, VA chief of loan policy. Unstable income and use of active-duty income when that income will be extinguished within one year could taint a VA loan and make it egregious, said Nelms. High debt-to-income ratio, residual income that is below VA requirements and failure to consider a spouse’s debts or credit in a community-property state also could have an adverse effect on a VA loan, he added. The panel presented several “egregious loan” scenarios involving reviews of several mortgages from 2016 in which lenders were required to sign indemnification agreements. The first example consisted of a VA home loan for $102,047, which closed in ...

A former Congressman, Watt knows full well that by allowing Fannie and Freddie to build capital once again it will set off a political firestorm...