FHA originators use LRS for post-endorsement loan reviews, unconditional direct-endorsement test cases, lender monitoring reviews, and self-reporting of fraud…
Oftentimes, when discussing compensation, the focus is on the top earners but those interviewed by IMF said there’s plenty of middle-market CEOs and production chiefs earning at least $1 million a year.
The Lenders One co-op is controlled by industry vendor Altisource Portfolio Solutions, which is pondering a sale. Altisource is publicly traded and started out in life as part of Ocwen…
“Expansive datasets about people’s social connections, the kinds of websites they visit, where they shop and how they talk do not have the same simple intuitive connection to each individual’s ability to repay a loan,” said Aaron Rieke, managing director at Upturn...
Rep. French Hill, R-AR, wants the QM patch to expire as well. “Allowing Fannie and Freddie to continue loading up on high-debt mortgages because of a temporary loophole has had a harmful effect on the broader housing market,” he said.
Discussing Ocwen's $89.7 million loss in 2Q19, CEO Glen Messina said, “I continue to be pleased with the results of our integration, cost re-engineering, MSR sourcing, and lending growth efforts. Despite a more challenging market and business environment to achieve MSR portfolio growth, we remain committed to strengthening the company and returning to profitability..."
In a new report to its shareholders, Fairholme Capital Management notes the fund it manages owns a 4% position in the preferred shares of Freddie, “which currently trade at less than half of stated liquidation values, implying potential current yields of over 14% per annum.”
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