Under existing New York law, mortgage companies aren’t required to maintain vacant properties until they receive a judgment of foreclosure...

According to exclusive figures compiled by Inside Nonconforming Markets, roughly $320.0 billion in subprime mortgages were outstanding at March 31, 2015.

“This should be terrific for our company,” said Michael Nierenberg, New Residential’s president and CEO, during a recent conference call with investors. “We expect sustainable earnings as a result of our long-term deal pipeline.”

Existence of the probe was mentioned in the same paragraph about the NY SEC investigating Ocwen’s business dealings with affiliate companies such as Altisource...

Among other actions, Ocwen entered into an agreement in April to receive up to $125.0 million of backup financing for new loan originations...

Ellington believes that one of the biggest opportunities for the company will be products geared toward self-employed borrowers.

The top contributor to the new WinWater deal is PrimeLending with a 15.6 percent share.

The three latest deals have a combined UPB of $820 million. Successful votes to terminate servicers of non-agency MBS are uncommon...

Plenty of attendees at NAR were steamed that after CFPB Director Richard Cordray made his remarks about TRID that he left the meeting without taking a single question from the audience.

Five Oaks' management noted that the REIT has better control of its jumbo MBS exposure since the company issued its own security in April.