The original CO established an on-site compliance monitor at Ocwen, one of the nation’s largest servicers of delinquent loans.

Warehouse lenders increased the dollar volume of their commitments to an estimated $31 billion in the third quarter, a 3.3 percent sequential improvement, according to survey figures compiled byInside Mortgage Finance. Compared to the same quarter a year ago, commitments fell by 11.4 percent. But a commitment to lend is just that. Many nonbank borrowers rack up commitments, but the real test of the health of warehouse lending is in usage rates. At First Tennessee Bank, for example, its commitments were...[Includes one data chart]

At 7.59 percent, the hedge fund is now the third largest institutional investor in PHH.

The IMA package – top heavy with California and Florida loans – includes $110.8 million of Ginnie Mae receivables.

A new poll from IMFnews and Inside Mortgage Finance suggests that lenders are hardly optimistic that the R&W changes will amount to anything.

Another new entrant to the nonprime space is Garrison Investment Group, a private equity firm that late last month bought Hilco Real Estate Finance.

Interactive Mortgage Advisors alone is working on $10 billion worth of deals...

The Prestwick Group and MIAC are also working on servicing deals.

A sale of that size would greatly reduce the bank’s portfolio and would signal a strategy shift.

Other changes include: providing flexibility for servicers to comply with certain force-placed insurance and periodic statement disclosure requirements.