The seller of the Alt A servicing portfolio was not identified by name, but IMA described the firm as a “well-capitalized and long standing bank…”

And now the obvious questions becomes: where does Ocwen go from here? The company can’t possibly be sold because of all the outstanding lawsuits and “legacy” problems...

Ocwen added: “The substantive allegations in today’s suit are inaccurate and unfounded.”

Nonbanks serviced $2.418 trillion of agency loans at the end of the first quarter, up 21.6 percent from a year ago…

The agency estimates that collectively, borrowers are missing out on $13.0 billion per year in foregone savings…

The trade group first launched its GSE task force in late 2012 with 17 initial executive members, including Bob Ryan, a Wells Fargo executive who is now the acting deputy director of the division of conservatorship at the Federal Housing Finance Agency.

The measure also would allow a recipient of a civil investigative demand to appeal the order to the U.S. District Court system…

The problem with the perceived appraiser shortage is not whether VA has enough appraisers but whether there are enough of them in areas where appraisal demands are greater, according to a ranking member of the VA Fee Panel of the Department of Veterans Affairs. As of April 8, 2017, the Fee Panel had 5,006 licensed and certified appraisers working in the eight regional loan centers (RLC) that administer the VA Home Loan Guaranty program, said Kevin Eason, valuation officer with the Denver RLC. Last year, 553 new appraisers were appointed to the panel, whose members accept VA appraisal assignments on a rotating basis. Speaking last week at the annual VA Lenders Conference in Kansas City, MO, Eason noted...

Most of the banks’ non-QMs received that designation due to high debt-to-income ratios.

We understand that some surprising names are beginning to show up at auctions for nonprime, non-agency whole loans...