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Items Tagged with 'mortgage servicing'

ARTICLES

Walter Investment Management posts 2Q loss of $12.9M

Servicing revenues up but originations see loss, company beats expectations
Despite the loss in the quarter, Walter Investment Management is digging itself out of hole, and saw strong gains in servicing even as it saw a decline in originations. The company beat expectations on earnings per share. Want to know more?
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Compass Point: Expect things to get worse for Ocwen

Shrinking servicing portfolio will lead to scant profits
As it turns out, there may not be a light at the end of the tunnel for Ocwen Financial, which saw its stock price take a beating last week in the wake of seeing its income from operations in the second quarter fall nearly $100 million from last year. Compass Point analysts weigh in.
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Ocwen tanks in wake of poor second quarter results

Stock drops more than 30% in early trading
After seeing its income from operations in the second quarter fall nearly $100 million from last year and despite the company’s CEO saying that the company “made positive strides on many fronts in the second quarter,” Ocwen Financial is taking a beating on the stock market on Friday. So what's causing Ocwen's drop?
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New study details impact of foreclosures on communities

Points to the role mortgage servicers, investors play in negative effects
A new paper published in the journal Housing Policy Debate points to the role of mortgage servicers as a critical factor in whether or not a neighborhood or community experiences the negative effects commonly associated with foreclosure sales. Are they onto something?
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From HW Magazine

Women of Influence 2015

HousingWire honors the 40 most influential women in housing
Mere stats don't tell the real story of these outstanding leaders. They represent the whole spectrum of the housing economy, from real estate agents to originators to nonprofits. They lead companies, mentor others and give back to their communities. Read on to find out how each one is inspiring.
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$2 billion Ginnie Mae bulk MSR portfolio hits market

Loans carry weighted original loan-to-value ratio of 94%
Mortgage servicers seeking to get their hands on some Ginnie Mae servicing now have that opportunity, thanks to a nearly $2 billion mortgage servicing rights portfolio that’s now available for sale. Here are all the pertinent details.
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CFPB to mortgage industry: Get out of MSAs

Industry calls move regulation by enforcement
The Consumer Financial Protection Bureau wants mortgage lenders to stop using marketing services agreements, and it’s using the stick rather than the rules process to do so. The industry says no fair, that's regulation by enforcement. What do you think?
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Servicer focus on mortgage delinquencies severely impacts current borrowers

J.D. Power survey shows current borrowers often feel ignored
Despite the percentage of loans in delinquency dropping to less than 5% of all loans in June, mortgage servicers are still paying an inordinate amount of attention to delinquent borrowers, severely impacting the servicers’ overall customer experience, a new report shows. Here's what servicers can do to fix it.
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