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CFPB Continues to Find Problems with Mortgage Servicing Practices. Are There Other Ocwens Out There?

April 27, 2017
Thomas Ressler
Other servicing-related issues identified include premature foreclosure filings, mishandling of escrow accounts, incomplete periodic statements and dual tracking.
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Mortgage M&A Percolates; Texas Advisor Working on At Least Six Deals

April 27, 2017
Paul Muolo
Chuck Klein of Mortgage Banking Solutions said M&A activity is “hopping along pretty good these days.”
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VA Seeks Comment on Cutting Allowable Fees for Vet Home Borrowers

April 27, 2017
George Brooks
The VA Loan Guaranty Service wants to hear from stakeholders…
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Incenter Selling Fannie/Freddie Flow Servicing Rights

April 27, 2017
Paul Muolo
The range on the flow or co-issuance arrangement is $35 million to $50 million per month.
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Mortgage Execs at Public Firms Got Big Paychecks In 2016 That Didn’t Always Match a Lender’s Results

April 27, 2017
In general, 2016 was a banner year for loan production with some publicly traded nonbanks turning in their best results ever – and thus rewarding their top executives handsomely. According to an analysis of available proxy statements by Inside Mortgage Finance, Penny Mac Financial Servicers founder and Executive Chairman Stanford Kurland was the industry’s top earner at $9.12 million in 2016. His firm – the nation’s number-four ranked originator – had a good year: net income of $336 million, a 26.0 percent improvement from the year before. Back in 2015, Kurland took...[Includes one data table]
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Short Takes: Arch Winds up with a Larger Market Share than Anticipated / Silver Point Sells Some of its Stake in PHH / No. 13 / Trading Desks Take on Nonprime / New Hires for LenderLive

April 27, 2017
Paul Muolo
PHH Corp. releases its first quarter results the second week of May.
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The Early Read: Bank Mortgage Lending Down in 1Q17, Nonbanks Fare Better?

April 26, 2017
Paul Muolo
It’s still early in the reporting season, but when it comes to home lending, nonbank executives seem more optimistic than their depository peers…
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When it Comes to MI Volume, California Continues to Lead the Nation

April 26, 2017
John Bancroft
Roughly $12.50 billion of agency mortgages securitized during the first quarter with some form of primary MI were tied to Golden State properties.
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Ocwen Elevates its Legal Battle Against the Regulatory Establishment, Asks Court to Decide if the CFPB is Unconstitutional

April 26, 2017
Thomas Ressler
Ocwen’s counsel includes Goodwin Procter LLP, which also is representing PHH Corp. in its legal battle against the agency…
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Thanks to UGC Purchase, Arch MI Boosts Gross MI Premiums by 214 Percent

April 26, 2017
Paul Muolo
Arch reported primary mortgage insurance in force of $237.8 billion at March 31…
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Latest Imf News

  • GSEs Sharply Slow Pace of Portfolio Additions in Second Quarter

  • Newrez Settles Servicing Issue With States for $15.5 Million

  • Income Nearly Doubles at Figure in Second Quarter

  • Non-QM Originations Expected to Continue to Rise

More Imf News

Featured Data

  • Rocket, Chase Give Up Some Servicing Share in 2Q

  • Mortgage Complaints to CFPB Hold Steady in Second Quarter

  • Largest Servicers Lose Ground in Second Quarter

  • MSR Transfers Increase in 2Q, UWM’s Sales Spike

More Featured Data

Featured Reports

  • 2026 Mortgage Market Statistical Annual (PDF)

  • IMF HMDA Dashboard: 2025

  • Guide to Mortgage Lending to First-Time Homebuyers

  • Mortgage Servicing Rights Report: 1Q26 (PDF)

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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