Ocwen management estimates its book value is $58.00 per share.

Angel Oak REIT posted an $8.3 million profit in the third quarter, after spilling red ink in the second quarter.

The National Flood Insurance Program has $20.5 billion in debt, prompting $309 million in semiannual interest payments.

Demand for mortgages from banks declined in the third quarter and many banks further tightened underwriting.

The combined servicing portfolio of the top 50 servicers grew at more than double the rate of increase for total servicing outstanding in the third quarter.

Production was essentially level compared with the second quarter and margins improved.

CFPB Director Rohit Chopra last month pushed states to subject nonbanks to CRA coverage.

Wide spreads are putting pressure on the value of MBS held in portfolio while also offering attractive yields for new investments.

“I believe AI will be at the center of how clients buy, sell and finance homes,” said Varun Krishna, the new CEO of Rocket Companies.

Acquisitions helped boost Mr. Cooper to the third largest GSE servicer as of the end of September, up from number eight in the ranking as of the end of June.