Ocwen Financial, once again, ranked first among all subprime servicers with a portfolio balance of $105.78 billion at March 31, a decline of 31.7 percent over the past 12 months.

Some 69.9 percent of homes purchased in April were completed with non-cash financing, up from a 69.7 percent share the previous month.

Loan modifications that reduce principal and interest payments by at least 10 percent perform significantly better than other mods, according to the Office of the Comptroller of the Currency.

New York regulator Benjamin Lawsky also questioned the efficiencies touted by nonbank mortgage servicers, countering that “technology alone does not keep a family in its home."

Apparently, CitiMortgage wants to grow its presence in the origination market, including the correspondent channel where it has a slight pulse.

The Consumer Financial Protection Bureau is on the lookout for lenders that facilitate occupancy fraud as a way to avoid the agency's ability-to-repay rule.

The new survey of more than 2,000 real estate agents found that respondents recommend specific mortgage providers for 59 percent of their homebuyer transactions.

The disclosure regime envisioned by the SEC prompts even greater privacy concerns than the initial proposal, according to a number of non-agency MBS issuers.

In a report released Wednesday morning, the servicing settlement monitor said Green Tree failed eight metrics tested in the second half of 2013.

In case you didn’t notice, the price of Fannie and Freddie common rose about 5 percent Tuesday, after Watt spoke. In trading Wednesday, they were up again...