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  • Ocwen now one giant step closer to acquiring MSRs again after new NYDFS agreement

    For more than two years, Ocwen Financial has been prohibited from acquiring new mortgage servicing rights in bulk, thanks to the company’s $150 million settlement with the New York Department of Financial Services. Now, it appears that Ocwen could be on the brink of returning to the MSR market full force, after the nonbank announced Monday that it reached a new agreement with the NYDFS. Click the headline for the full story.

Items Tagged with 'credit overlay'

ARTICLES

Fannie Mae: Mortgage lenders unnecessarily restrict credit

Higher credit scores, additional documentation most common
Despite pushes from the Federal Housing Finance Agency and the Federal Housing Administration, lenders are still applying additional credit overlays to loans delivered to Fannie Mae and Freddie Mac, a new survey of lenders showed. Here are all the details.
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FHA announces plan to expand credit access

Plan offers MI discounts for borrowers, provides clarity on FHA policies
The Federal Housing Administration has released its “Blueprint for Access” which outlines the additional steps the agency is taking to expand credit access for “underserved borrowers.”
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