Getting information out of Seterus about its business is like trying to crack the Kremlin.

Although Ocwen is out of compliance with the NYSE, it continues to sell mortgage servicing rights. Late Monday it disclosed a $25 billion MSR sale to Nationstar.

But now comes the hard part for Ocwen: Unloading Fannie Mae and Freddie Mac receivables that have delinquencies.

Urban Institute's Karan Kaul noted that some banks have opted to keep mortgages that are eligible for sale to the GSEs.

For the past five years, the IBM-owned Seterus has been Fannie Mae’s “go-to” guy when it came to default management servicing, especially in regard to short sales, but the company’s future looks cloudy as problem loans run off the government-sponsored enterprise’s books. At the end of 2014, Seterus serviced roughly $27 billion of residential loans, according to data compiled by Inside Mortgage Finance. At one time, sources say, the company serviced at least ...

Another possible outcome on g-fees is no change at all. To date, FHFA Director Mel Watt hasn’t tipped his hand.

Talk about optimism: Roughly 71 percent of firms surveyed said they expect purchase-mortgage demand to rise.

Ocwen Financial is turning into an MSR selling machine!

Subprime lender Deephaven Mortgage has a new executive...

For all of last year, Fannie and Freddie securitization of newly-originated loans accounted for just 65.7 percent of MBS issuance, primarily because declining refi volume...