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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.
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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.
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CFPB Moves Forward on Sharing Complaint Narratives; Lenders Not Happy

March 19, 2015
Thomas Ressler
Still, industry representatives were less than thrilled, including the Consumer Bankers Association.
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Industry Asks for ‘Soft’ Enforcement Period on TRID

March 19, 2015
Thomas Ressler
In total, 16 groups signed the letter, including the American Bankers Association, the Community Mortgage Lenders of America, and the National Association of Realtors...
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Short Takes: Cooperman and Omega Throwing in the Towel on Altisource / ASPS Hits New, 52-Week Low / WinWater’s New Jumbo Deal / Lower Originations? / The Best MSRs Go First

March 19, 2015
Brandon Ivey and Paul Muolo

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...
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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.
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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...
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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.
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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
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Latest Imf News

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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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