An official involved in the non-agency MBS market said it’s easier to sell private placements than it is to meet requirements for publicly registered deals

The DBO request for proposal asks that applicants for the Ocwen contract state whether they – or any affiliates – have done any consulting work for the servicer.

Fannie Mae and Freddie Mac are more than halfway towards reaching their goal of reducing their retained mortgage portfolios to no more than $250 billion each by 2018, according to Federal Housing Finance Agency Director Mel Watt. Testifying before the House Financial Services Committee this week, Watt said the two government-sponsored enterprises have developed plans to meet their investment targets, $250 billion each, in accordance with terms of their conservatorship. As of Sept. 30, 2014, Freddie’s portfolio stood...

Titan Capital Solutions has branched out from its jumbo correspondent investor niche into the scratch-and-dent market to take advantage of new business opportunities arising from repurchase demands and loans that aren’t qualified mortgages. The Denver-based correspondent investor has begun purchasing loans rejected by Fannie Mae and Freddie Mac and private investors due to information, document and compliance errors. Historically, “scratch-and-dent” ...

More commonly, servicer event of default clauses are tied to the servicer’s financial condition...

Roughly $1.5 billion of the $2 billion in mortgages Altisource Residential held at Sept. 30 are in some stage of foreclosure.

Total revenue at EverBank fell to $222.6 million in 4Q compared to $234 million in 3Q.

The division, Arch Mortgage Guaranty Corp., has been rated A3 by Moody’s Investor Service, the highest rating an MI can receive.

Ocwen denied that there is any basis for a default under the trust agreements...

ABS issuance was up 12.0 percent from the prior year, with solid gains in three of the market’s key sectors: auto finance, credit cards and business loans.