On the plus side, the publicly traded nonbank funded $4.2 billion during Q1, a 16 percent sequential improvement.

“I am not satisfied with only making $34 million in the quarter,” said Ocwen CEO Ron Faris. “We intend to do better.”

One thing investors and analysts look for is revenue growth and Ocwen Financial did not deliver. But at least all of its lending licenses are intact...

With the second quarter in full swing, several advisory firms are actively offering packages, including Interactive Mortgage Advisors, Phoenix Capital and The Prestwick Group.

The Blackstone Group is on the hunt to buy mortgage companies, including both lenders and servicers, according to industry advisors and others who have been briefed on the company’s plans. Blackstone, without disclosure, recently purchased Gateway Funding in Horsham, PA, and is in negotiations to buy PMAC Lending Services, sources contend. It also is talking to a company that goes by the name of Pinnacle, though there are several firms with that name, and at press time it was unclear which one. Observers describe...

This is Freddie Mac’s fourth NPL auction of 2015. As for Fannie Mae...

Blackstone, without fanfare, purchased Gateway Funding in Horsham, PA. More deals are in the works...

Nationstar will take title to $6.7 billion of Fannie Mae, Freddie Mac and private investor product owned by EverBank...

Recruiter Rick Glass said the thirst to hire high-caliber mortgage COOs is coming from lenders that “want to move to the next level.”

The bid deadline is May 12 and according to Prestwick, the seller wants to “start deliveries as soon as possible.”