Eave, a direct-mortgage lender, launched recently with a focus on jumbo mortgages, technology and low fees. The originator, only operating in Colorado at the moment, claims to be able to close loans about twice as fast as “brand name” lenders. “We took the entire mortgage universe apart and put it back together, better,” the firm said, touting its underwriting process. The lender claims that more than 60 percent of the information collected by other lenders from ...

The highest paid Ocwen director last year was Phyllis Caldwell, who took home $372,649. Caldwell is a former Treasury Department official.

Ron Faris, the current president and CEO of Ocwen Financial, will retire on June 30. After Ocwen’s pending acquisition of PHH Corp. closes, Glen Messina will be president and CEO of Ocwen, the nation’s largest subprime servicer. Messina was previously president and CEO of PHH. During the first quarter of 2018, Wells Fargo sold $1.60 billion of its holdings of vintage pick-a-pay mortgages. The sale generated a gain of $643.0 million for the bank. The buyer ... [Includes four briefs]

There are some in the industry who believe the entire subservicing sector is far behind in technology and customer service – and is ripe for a technology disruption of a major kind.

Ditech added that under new leadership, the lender/servicer “continues to develop and execute various strategies to improve” its performance.

The new non-agency MBS from Invictus is a bit of a rarity: the bond is backed only by mortgages on single-family rental properties.

During 1Q18, issuance of MBS backed by seasoned loans fell 50.8 percent…

Now comes the big question: How many more MB Financials are out there?

SG Capital Partners focuses on loans with higher balances than other nonprime MBS aggregators.

The hiring of Gill hire has prompted some speculation that SoFi might resume issuance of non-agency MBS…