Ocwen funded $1.2 billion in “forward” mortgages and an additional $213 million of reverse loans. In 2Q16 it funded $1.32 billion.

Ocwen had an average of 7,484 employees in the third quarter of 2016, down 12.3 percent from 3Q15...

Late this week or early next, Ginnie Mae is expected to release a new and improved acknowledgement agreement, a move intended to allow nonbanks to borrow more easily against the asset value of their mortgage servicing rights. But the big question remains: Will the agency’s tweaks have much of an impact on liquidity? There is...

There has yet to be a “large” mortgage M&A deal announced this year other than the pending sale of EverBank to TIAA.

On average, the California-based GEMBC facilitates roughly $800 million of commercial mortgages a year.

Ocwen, which in the past has been sanctioned by regulators for some of it servicing practices, also disclosed $10.0 million of additional reserves for a potential California regulatory settlement and $7.0 million of incremental reserves for a previously disclosed letter dating issue.

At Flagstar, refinances accounted for 57.6 percent of originations compared to 54.2 percent in the second quarter.

But there is one caveat: The VA sector is one business from which banks are not yet running away from…

With rates creeping up, more MSR packages should hit the auction block…

CBO’s comments were contained in a report that takes a “what if” approach to allowing Fannie and Freddie to retain as much as $5 billion of capital a year for 10 years...