PiperJaffray said management expects to sell assets “to increase cash to prepare for” a 2021 unsecured debt maturity event. The research firm rates the nonbank’s stock as “underweight.”

Ocwen Financial remains the largest subprime servicer in the nation with a portfolio north of $62 billion…

California loans account for the largest share of the portfolio at 12.4%. The bid deadline Sept. 18.

Ocwen Financial’s jumbo servicing portfolio nearly doubled in the past year, though that’s due to the acquisition of PHH…

The latest reorganization plan hinged on the pre-sale of key Ditech assets, with New Residential Investment purchasing its origination and servicing business for $1.1 billion.

The aggregate SFO balance, mostly tied to mortgage-backed securities trusts, was down 0.8% from March, the second quarterly decline in a row.

Syracuse Securities calls the mortgage business "unforgiving and highly competitive." That sounds about right...

The jumbo MBS will be the third of the year from the bank. Wells is also the nation's largest home lender and servicer...

The legislation is aimed at ensuring homeowners do not lose time getting the modification approved when the loan is sold or transferred...

According to a new report from DBRS, more owners of servicing rights are opting to issue debt backed by their MSR portfolios.