Ocwen: “The separation and release agreement provides for a release of claims against the company and for Mr. Yanoti to comply with certain non-solicitation and other covenants.”

Over the past three quarters, several Ginnie issuer/servicers have turned a nice profit by purchasing delinquent FHA (and to a lesser degree VA) mortgages out of MBS pools, rehabilitating the notes and then repooling them.

Fannie was quick to point out that borrowers harmed by the pandemic receive temporary payment forbearance, which is different from principal forbearance.

The irony: As banks trimmed their holdings, mortgage servicing rights increased in value...

The American Rescue Plan includes a Housing Assistance Fund with nearly $10 billion allocated for mortgage payments...

However, the court provided an opening for the CFPB to pursue claims raised in the parties’ motion for summary judgment alleging loan servicing misconduct after Feb. 26, 2017...

Mike Baldwin: He added: “Productivity is up along with the volume, so we have been very pleased. I really can’t cite any challenges that arose from working remotely. We’ll continue to be flexible.”

What goes up, sometimes comes down.

PennyMac is hardly alone, but its disclosure reveals just how profitable the strategy can be...

Wells Fargo was the top jumbo servicer, with $268.73 billion of product at yearend, down 14.2% from the end of 2019.