In its new 10-K filing, Ocwen Financial reminds investors the legacy subservicing agreement it has with New Residential Investment Corp. expires in July of this year.
Rocket Mortgage, the big Kahuna of home finance, was not immune from higher interest rates in the fourth quarter. Still, the nonbank is rewarding shareholders with a special dividend of $1.01.
Geopolitical events halfway around the world are affecting interest rate moves in the U.S. It’s possible that mortgage rates could move lower in the immediate weeks ahead. Otherwise, the crystal ball looks cloudy.