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Ocwen Reveals Large Bonuses to Executives, Restores Incentive Pay for CEO

September 17, 2020
Paul Muolo

The nation’s 16th largest servicer also disclosed it will restore incentive pay that was voluntarily given up by CEO Glen Messina.


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Consumer Groups Cry Foul on Complaint Narratives

September 16, 2020
Yemeng Yang

Consumer advocates believe the CFPB has made the complaint database less useful...


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The 2Q20 Mortgage Profit Picture: Simply Stunning Across the Board

September 16, 2020
John Bancroft

The 14 lender/servicers reported $4.02 billion in income from those activities during the second quarter, up from $1.40 billion in the first three months of 2020.


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Bulk Servicing Prices Improve but Concerns Remain

September 16, 2020
Paul Muolo

As for competitive bids, that's a different matter entirely...


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Invesco Makes a Big Bet on Rocket

September 15, 2020
Paul Muolo

Invesco, which is based in Atlanta, holds the shares on behalf of clients...


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A Mixed Reading in the Latest Forbearance Tally

September 14, 2020
Paul Muolo

On Friday, Black Knight issued its relief tally: 3.7 million mortgagors in forbearance as of Sept. 8, down 66,000 units for the week. The data analytics firm noted that 2 million forbearance  plans are set to expire this month.


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Hardest Hit by COVID-19: Lodging and Retail Loans

September 14, 2020
Yemeng Yang

MBA: The onset of the COVID-19 pandemic had a dramatic and immediate impact on lodging and retail properties, which flowed through to the underlying mortgages...


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IMA Sets Auction of Fannie/Freddie MSRs

September 14, 2020
Paul Muolo

The MSRs are top heavy with California product at 44%...


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Refi Blues: Servicers Not Doing a Very Good Job of Retaining Their Own Customers

September 14, 2020
Brandon Ivey

However, some lender/servicers stand out with higher retention rates. Quicken is one of them...


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Bank MSR Values at the Lowest Level Since 2012

September 14, 2020
John Bancroft

MSR values sank over 34% during the first seven months of 2020, according to a July update from Mike Carnes, managing director of MSR valuations at MIAC Analytics.


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