The Federal Reserve is seen as taking the brunt of nonbank servicer-induced prepayment risk on agency MBS.

Earlier this year Cherry Hill agreed to buy Aurora Financial Group and its $700 million servicing portfolio for $4 million. Included in the purchase was Aurora’s agency approvals.

for 2014, Messina's compensation package included a base salary of $930,436, stock awards of $2.3 million and $4.1 million in “non-equity incentive” pay.

The sale actually closed at yearend, although it was revealed in a press statement dated April 21.

The MBA is backing changes to how the CFPB functions...

First Ocwen, now Green Tree...

Tal Frank, president of the company, noted that mortgages made to physicians maintain a near zero delinquency rate, even those without a downpayment.

Quicken is the first major lender in the nation to challenge the government in this regard by filing a lawsuit.

The lender says government investigators have conducted lengthy depositions with numerous Quicken leaders…

The trend reflects the surge in VA home loan originations over the past few years at a time when the FHA has lost market share to private mortgage insurers.