In a ruling that may impact future fair-lending class actions, a federal district court judge in Manhattan has denied class certification in a lawsuit brought by the American Civil Liberties Union and National Consumer Law Center against global investment bank Morgan Stanley. Filed in October 2012, the suit was brought on behalf of African American borrowers in Detroit who obtained subprime loans from New Century Mortgage, a now-defunct originator that sold the loans to secondary-market purchasers, including Morgan Stanley, which then securitized them. New Century originated...

Investors have been unhappy with Nationstar’s stock performance the past year and want a clearer picture of where the firm is headed.

In response to its anxiety, the Inspector General plans a series of audits that will study the risks posed by an increasing volume of nonbank loan sales.

Among those nonbanks not losing too much sleep over the FHFA proposal is Nationstar Mortgage.

First Guaranty Mortgage Corp., Frederick, MD, originated $940 million of home mortgages in the first quarter, a 48 percent jump from the same period a year earlier.

Under existing New York law, mortgage companies aren’t required to maintain vacant properties until they receive a judgment of foreclosure...

The seller of the MSRs was identified as a “subsidiary of a publicly traded company established in 1995.”

According to the website ShortSqueeze.com, almost 30.2 million shares of Ocwen are presently being shorted by speculators or 46.48 percent of the float...

According to exclusive figures compiled by Inside Nonconforming Markets, roughly $320.0 billion in subprime mortgages were outstanding at March 31, 2015.

“This should be terrific for our company,” said Michael Nierenberg, New Residential’s president and CEO, during a recent conference call with investors. “We expect sustainable earnings as a result of our long-term deal pipeline.”