The two top executives at Impac Mortgage Holdings took home a combined $13.22 million in pay last year...

Denmar Dixon, who stepped down as CEO of Walter Investment Management Corp. last year, received $6.62 million in total compensation for 2016 while the company posted a net loss of $529 million.

Ocwen’s management noted there is no guaranty the deal with New Residential will actually close.

Perhaps the new Treasury secretary finally looked at the numbers, realizing that Fannie and Freddie – wards of the government since September 2008 – forked over roughly $20 billion to Uncle Sam…

Since the fall of 2008, Treasury has controlled the senior preferred stock in Freddie and Fannie, making the U.S. government the de facto owner of the two - and the linchpin to the housing and mortgage markets.

If Mr. Cooper was the first choice, what were the others?

The transaction was mentioned during New Residential’s earnings call Monday morning and confirmed by a source...

Stevens credited the Federal Housing Finance Agency with making “significant progress” in fixing the flaws of Fannie and Freddie...

At this pace, you can expect that by yearend New Rez will be the nation’s second largest servicer, at least in terms of ownership rights…

On the news, Ocwen’s share price was up a stunning 37 percent on the day to $3.15.