One industry lobbyist, requesting anonymity, noted that when it comes to a possible recapitalization-and-release plan for Fannie and Freddie, “Everything flows from the capital rule. This shows us the [recap and release] process will not go quickly.”

PiperJaffray said management expects to sell assets “to increase cash to prepare for” a 2021 unsecured debt maturity event. The research firm rates the nonbank’s stock as “underweight.”

Ocwen Financial remains the largest subprime servicer in the nation with a portfolio north of $62 billion…

One Fannie/Freddie historian reminded us recently that there used to be a conforming loan limit for GSE multifamily loans. The big question: Why did it disappear?...

California loans account for the largest share of the portfolio at 12.4%. The bid deadline Sept. 18.

Ocwen Financial’s jumbo servicing portfolio nearly doubled in the past year, though that’s due to the acquisition of PHH…

In terms of new HELOC commitments for the second quarter, Bank of America led the pack with $2.77 billion, followed by Wells Fargo ($1.91 billion) and Citizens Bank ($1.50 billion).

CDFI loans reduce the amount of risk Angelo Gordon is required to retain from the MBS.

The latest reorganization plan hinged on the pre-sale of key Ditech assets, with New Residential Investment purchasing its origination and servicing business for $1.1 billion.

As conservator of Fannie and Freddie, the FHFA failed to perform its duty to take actions "necessary to put the regulated entity in a sound and slovent condition" and to "preserve and conserve" its assets.