The most aggressive bidders for high-performing mortgage loan officers are nonbanks, which have been steadily stealing market share away from the megabanks...

“If something goes wrong, Ocwen will be on the hook,” said this source. “But it’s really clean stuff.”

Although George Ellison’s salary was not disclosed in the press release announcing his employment with the company, a subsequent filing provided details: $450,000 per year, another $450,000 in incentive bonuses...

Ginnie is currently managing TBW’s FHA portfolio and hopes to sell its Ginnie servicing rights sometime this year.

The nation’s top consumer regulator told lawmakers the bureau has already provided an extended implementation period of 21 months...

The researchers said their data included seven of the 10 largest servicers based on market share.

Freddie had 4,957 full-time employees and 50 part-timers as of Feb. 5, down 2.1 percent compared to a year ago.

Pretium won pools one and two, which have a combined loan balance of $238.6 million.

Meanwhile, Ocwen watchers are scratching their heads over a fourth quarter goodwill charge that eventually could reach $420 million...

Bank of America was among the few major depositories that reported a loss in mortgage-banking income, losing $253 million in the fourth quarter.