Ocwen Gets Support from Investors that Buy Lower Tranches in Non-Agency MBS March 19, 2015 Brandon Ivey "I prefer Ocwen over any other servicer to the extent they continue the same practices," said investor John Devaney, CEO of United Capital Markets.Read More
Houlihan Lokey: $500 Billion in MSR Sales This Year March 19, 2015 John Bancroft And let the selling begin! 2015 could be a banner year for MSR sales.Read More
Subservicing Contracts Top $1.12 Trillion as Compliance Fears Fuel Growth March 19, 2015 Paul Muolo When it comes to market share, subservicers control 12.3 percent of all U.S. housing receivables.Read More
Ocwen Inks Yet Another MSR Sale: $9.6 Billion of Freddie Product to Walter March 18, 2015 Paul Muolo Ocwen Financial is turning into an MSR selling machine! Read More
Short Takes: Nonprime Lender Deephaven Gains a Top Executive / A Harbinger of LLPA Changes? / An Easing of Credit Standards? / Where Are Impac’s Earnings? VRM Hires Former Fannie Official March 18, 2015 Paul Muolo and Carisa Chappell Subprime lender Deephaven Mortgage has a new executive...Read More
FHFA IG Says GSE Profit Revival Won’t Last; G-Fee Doubts? March 18, 2015 Paul Muolo Another possible outcome on g-fees is no change at all. To date, FHFA Director Mel Watt hasn’t tipped his hand.Read More
Ocwen Delays 4Q Results Once Again, Raises Questions About Its MSR Spin-Off, HLSS March 18, 2015 Paul Muolo Meanwhile, HLSS on Wednesday disclosed that it too needs more time to file its annual 10-K...Read More
Lenders More Optimistic on Profits, Mortgage Demand March 18, 2015 Carisa Chappell Talk about optimism: Roughly 71 percent of firms surveyed said they expect purchase-mortgage demand to rise.Read More
The Beginning of a Trend? Banks Finally Beef Up MSR Holdings (Slightly) March 18, 2015 John Bancroft With JPMorgan Chase slated to buy $45 billion worth of Fannie Mae rights from nonbank Ocwen Financial the shift in MSRs over to banks likely will continue...Read More
FHA Insurance More Costly Than Private MI: WalletHub March 17, 2015 George Brooks The report from WalletHub compares the cost of FHA and private MI from 2008 through 2014 – before the recent 50 basis points cut in FHA premiums...Read More
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