According to one advisor who saw the original bid package, the delinquency rate on the non-agency MSRs are north of 20 percent.

On the other hand, examiners cited violations based on policies and procedures reviewed at other servicers.

As IMFnews went to press, the share price of Altisource was getting slammed, down 20 percent on the day.

Will former Long Beach Mortgage executive Jon Daurio finally launch a new nonprime venture?

Stock analysts have claimed that Lawsky has been aggressively investigating Ocwen so he can make headlines, paving the way for an eventual run for public office.

Lenders are fearful the HMDA proposal does not adequately ensure consumer privacy and that additional costs will be passed onto borrowers.

Are investors in Ocwen jumping for joy now that word is out that NYDFS chief Benjamin Lawsky might be leaving next year?

The Fannie product also had less expensive mortgage insurance and allowed the borrower to cancel the policy once the LTV reached 80 percent of the home’s value.

Fannie and Freddie have been exploring the adaptation of alternative credit scores for months, but have yet to take action.

Mortgage M&A activity remains red hot. We understand that RPM Mortgage of California is working on another acquisition...