The do’s and don’ts of good credit for Millennials

Are REOs ready for a comeback?

Clear Capital: Increases in distressed, seasonal changes suggest yes

Mortgage application defects keep rising

Michigan, Florida, Texas lead First American application defect index
W S

Items Tagged with 'Mortgage servicing rights'

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?
Read More

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?
Read More

$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.
Read More

Ocwen’s profits fall sharply in second quarter

Company announces $150 million cost-cutting program
After returning to profitability in the first quarter, reversing a trend that saw it lose $546 million in 2014, Ocwen Financial reported Thursday that it also made a profit in the second quarter – albeit a much smaller one. Here are all the details.
Read More

$1.25 billion bulk MSR portfolio hits the market

Underlying loans backstopped by Fannie Mae and Freddie Mac
A $1.25 billion bulk offering of mortgage servicing rights is available for sale, according to MountainView Servicing Group, a provider of residential mortgage servicing rights sales and valuation advisory services, which is advising on the sale.
Read More

Hatteras Financial acquires Pingora Asset Management

Expects to begin investing in mortgage servicing rights in July
Hatteras Financial, a real estate investment trust, announced the acquisition of Pingora Asset Management and Pingora Loan Servicing, a specialized asset manager focused on investing in new production performing mortgage servicing rights and servicing residential mortgage loans.
Read More