After being indicted for loan fraud in 2012, Abacus Federal Savings Bank was acquitted of grand larceny and conspiracy charges last week that stemmed from a case brought by the New York District Attorney’s office that involved Fannie Mae. The small Manhattan-based bank, which primarily serves Chinese-Americans in the New York region, was accused of mortgage fraud and falsifying documents and then selling those faulty mortgages to Fannie from 2005 to 2010. Following a four-month trial and nine days of deliberations, a New York jury acquitted...

In general, companies whose sole mission is to originate and service residential mortgages are the most shorted stocks in the sector...

McCoy works in Nationstar’s servicing department, DeYoung in administration.

According to the consent order in the case, Ocwen had a history of ignoring the agency’s document requests...

Servicing profits were generally down in the first quarter as many companies reported negative effects resulting from interest rate volatility.

Caliber Home Loans is the top contributor to the pending MBS from WinWater with a 10.2 percent share of originations...

One official described the situation: “Just more house cleaning now that Harold [Lewis] is gone. Most of the senior people leaving were his supporters.”

One of the departing executives at Nationstar Mortgage used to work at JPMorgan Chase, Fannie Mae and Macquarie Bank…

Compared to a year ago, bank mortgage servicing for others – nearly all of which is connected to MBS – was down 6.1 percent.

They called on policymakers to “embrace” nonbanks and address unintended regulatory impacts that are seen as driving banks out of portions of the mortgage market.