Regarding Altisource, the phrase “catch a falling knife” comes to mind. Cooperman is the Chairman and CEO of Omega Advisors…

The 50 basis point cut in FHA premiums is spurring some firms, including Freedom Mortgage, to increase hiring.

Fannie's "Collateral Underwriter" will provide up to 20 comparables and appraisers will have to defend the comps they use...

“It’s hard to believe the FHFA will release the PMIER rules without doing something on LLPAs,” said one official.

The separation agreement prohibits the mortgage industry veteran from competing with Ocwen for at least 24 months.

Assisting DocMagic with its work on RESPA-TILA disclosures is Richard Horn, a former senior advisor at the Consumer Financial Protection Bureau...

Altisource recently eliminated 800 employee positions and hundreds of contractors.

A recent report from Barclays found that Ocwen is the servicer on $500 million worth of eligible deals where the collateral value is above 107.

“The bureau welcomes and encourages suggestions of cases as candidates for amicus curiae participation,” said the letter, signed by Meredith Fuchs, general counsel of the CFPB.

Although Ocwen Financial is in regulatory hot water with California – a dicey proposition given the state’s importance to the mortgage industry – the nation’s fourth-largest servicer will continue with a strategy of non-agency MBS clean-up calls and Ginnie Mae buyouts. At least, that’s what company Executive Vice President and Chief Investment Officer John Britti told Inside MBS & ABS late this week. Britti confirmed continuance of the strategy, but declined to offer any new details or color. The big question, of course, is...