Nearly $1.0 billion in non-agency MBS was included in the rating action by Fitch.

In case you’re wondering, Ocwen services roughly $208 billion of non-agency product.

“Due to our ponderous judicial system, most of the options have been exhausted, and the judges are now expediting the [foreclosure] process,” said Mike Pappas, president and CEO of the Keyes Company.

Analysts believe BlueMountain’s play is to ultimately drive down Ocwen’s share price and clean up on its short positions.

Ocwen’s massive servicing portfolio (roughly $377 billion in UPB) is worth more than the entire market capitalization rate of the company...

Ocwen’s share price has almost doubled! How’s that? Well...

The due diligence findings must be published within five days after a deal prices.

“Agency product is much easier to originate,” said Eric Burner, a partner at the law firm of Hunton & Williams.

A 50-year tradition is now kaput: The Federal Reserve Bank of Chicago has cancelled its annual bank structure conference...

The ABS Vegas show attracted more than 6,000 attendees, but few investors appear ready to buy new jumbo MBS.