April 3, 2020By Brandon IveyOcwen Hiring More Staff and Meeting Financing RequirementsOcwen said it was in compliance with all financial covenants as of March 31. Meanwhile, after years of layoffs, the servicer is now hiring.
April 2, 2020By Paul MuoloThe Pandemic Effect: First Quarter MSR ‘Marks’ Could Be Brutal“Delinquencies are coming,” said one investment banker. “We just don’t know what the number is.”
April 1, 2020By Dennis HollierFHFA: 2 Million Forbearance Inquiries from Fannie/Freddie Borrowers by May 31FHFA Director Mark Calabria: “The lenders I’m talking to have said that 75% to 80% of their calls are from people who are not yet facing hardship. They just want to know what their options are.”
March 26, 2020By Paul MuoloShort Takes: A Tremendous Recovery? / Non-QM Layoffs Coming? / Will Ocwen Blow it This Time Around? / India / GSE Reform Kaput?
March 26, 2020By John BancroftShelter-in-Place States Account for a Huge Chunk of the Mortgage Market