The Ocwen subsidiary will purchase MSRs through the FHLBank of Indianapolis’ mortgage purchase program. PHH will also offer subservicing to banks and nonbank lenders that are members of the bank.
The Federal Housing Finance Agency’s auditor concluded that the agency complied with an executive order making climate-related risk a priority for financial regulators.
Almost exactly a year after taking the helm as acting director, Thompson begins a five-year term as head of the Federal Housing Finance Agency. She is the first woman to hold the job.
The new 50-basis-point upfront fee is intended to offset the cost of capital each enterprise is required to hold for guaranteeing the collateral of its competitor.