A 4Q Loss for Ocwen, Company Seeks ‘Opportunities’ February 28, 2023 Paul Muolo Ocwen's origination segment recorded a pre-tax loss of $11 million in the fourth quarter...Read More
At Banks, Servicing Values Soften a Bit February 27, 2023 Brandon Ivey Among the nation's largest banks, MSR values were mixed.Read More
On the Way Up: Delinquencies. More Turbulence Ahead February 27, 2023 Brandon Ivey MBA's Marina Walsh attributed the uptick in delinquencies to a weakening economy and “ongoing inflationary pressures.”Read More
Banking Regulators Not Giving Ground on MSR Risk Weighting February 24, 2023 Sam Manas A Wells Fargo executive addressed the trend of banks pulling out of the servicing business...Read More
Incenter, MIAC Roll Out New MSR Auctions February 23, 2023 Paul Muolo The largest MSR offering of the week is a $6.47 billion portfolio of Fannie/Freddie Mac product from Incenter...Read More
MSR Sales Reshuffle Top GSE Servicer Rankings February 17, 2023 Dennis Hollier Tracking the movement of MSRs amid declining originations.Read More
A $1M Profit at Mr. Cooper as Lending Suffers but MSRs Buoy February 10, 2023 Paul Muolo Management shelled out $23 million during 4Q to cover severance payments to laid off workers and for property consolidation.Read More
Two Harbors Takes Loss in 4Q22 Amid Agency MBS Volatility February 9, 2023 Brandon Ivey The REIT invests in both agency MBS and mortgage servicing rights.Read More
Rithm Leans on MSRs as Originations Dwindle, Sees 1Q23 as a Trough February 8, 2023 Brandon Ivey Income from the REIT's MSR portfolio helped to offset losses from originations...Read More
A Problem for Mortgage Servicers: Rising Costs February 8, 2023 Paul Muolo Albrecht cited “increased costs for technology and staff to handle dramatically higher regulatory demands from multiple states and the feds.”Read More
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