The Bank of New York Mellon, acting as trustee, has petitioned the New York State Supreme Court for instructions for paying out Bank of America’s $8.5 billion cash settlement with Countrywide MBS investors, which could potentially alter the order of payment, according to an analysis by Moody’s Investors Service. The governing MBS documents and the settlement agreement are complicated, nuanced and ambiguous, the rating service noted. Without guidance from the state court, BNYM, as trustee for 530 RMBS trusts, could decide on a payout that could favor certain bondholders unexpectedly. The massive payout has been delayed...

The shareholders demanded that a planned large acquisition of single-family homes by Altisource be halted...

The REIT's new broker-dealer unit is now fully staffed and is in the regulatory application process...

At Hatteras Financial jumbos are "out" and mortgage servicing rights are "in"...

Bill Erbey controls blocks of Ocwen's stock in his own name, but also through limited partnerships and limited liability corporations.

Eight of the top 10 jumbo producers in 2015 were banks...

In the spring of 2014, Wornow left Morgan Stanley as managing director and head of its MBS trading desk.

A few days later, Ditech filed notice with the SEC that the company would pay Patti Cook a $300,000 bonus for her service to the company...

Trends in demand for non-QM jumbos were more clear-cut, with 25.4 percent of 59 banks reporting that demand was weaker…

Investors in the secondary market are continuing to shy away from mortgages with so-called TRID errors – even minor ones – taking the advice of legal counsel and due diligence providers who are telling them to stay clear because of assignee liability issues. Late last week, senior executives from the Structured Finance Industry Group traveled to Washington to meet CFPB Director Richard Cordray, but one official familiar with the get-together said the regulator conveyed a message of “Thanks for coming in, but we don’t think there’s a problem.” For now, most of the concern about a stalled secondary market has focused...