Activist investors critique Zillow, Trulia deal

Activist investors critique Zillow, Trulia deal

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Items Tagged with 'Mortgage servicing rights'

ARTICLES

HomeStreet sells MSRs, mortgages

Reduces mortgage concentration
July 29, 2014
HomeStreet sold $211 million of its held-for investment single-family mortgages in the second quarter, recognizing a $3.9 million gain.
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Nationstar: "Our capital and liquidity position remain strong"

FHFA blocked servicer's MSRs
July 2, 2014
Although the Federal Housing Finance Agency Office of the Inspector General’s most recent report over nonbank special servicers tried to keep the troubles of one company anonymous, all fingers point to Nationstar.
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$1 billion Fannie Mae bulk MSR portfolio coming to market

Seller is “well-known” and “established”
June 17, 2014
The loans carry a weighted average note rate of 4.11% and have zero delinquencies.
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Louisiana’s mortgage servicers now required to be licensed

New law takes effect on June 30
June 6, 2014
Louisiana House Bill 807, signed into law by Governor Bobby Jindal on May 28, amends state law to require mortgage servicers to be licensed by the state. Previously, only residential mortgage lenders, brokers and originators were required to be licensed to do business in the state.
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Benjamin Lawsky just made it easier to be a mortgage banker in New York

Sometimes he offers you a carrot, not just the stick
June 5, 2014
It’s probably safe to say that Benjamin Lawsky isn’t the most popular guy in some mortgage bankers’ offices these days. But fear not, mortgage bankers…especially those in New York. Lawsky’s office has just made your lives much easier.
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LenderLive launches cloud-based servicing transfer solution

May 20, 2014
The new solution “systematically reviews loan files, recognizes critical borrower workout documents and creates additional data and fields needed to accurately service transferred loans.”
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Ocwen names new chief financial officer

15-year GE veteran Michael Bourque takes over for John Britti
May 19, 2014
Bourque, 36, is set to take over for John Britti, who was the company’s previous executive vice president and CFO. During the company’s first-quarter earnings conference call on May 1, the company announced that Britti had been promoted to chief investment officer.
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American Capital doubles down on MSRs

April matches 1Q2014 MSR investments
May 1, 2014
Mortgage-servicing rights deals are growing, with American Capital Mortgage Investment posting in its earnings that it invested more in MSRs in April than it did the entire first quarter.
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Ocwen: Wells Fargo MSR deal on indefinite hold

Company promotes chief financial officer
May 1, 2014
Ocwen Financial Services’ $2.7 billion mortgage-servicing rights transaction with Wells Fargo remains on an indefinite hold, the company said on its first-quarter earnings conference call.
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Ocwen posts net income of $75.8M in 1Q2014 despite regulator woes

But big miss on analyst expectations
May 1, 2014
Despite regulator woes, Ocwen Financial Services reported net income of $75.8 million on revenue of $551.3 million, up 36% from the first quarter of 2013. This was well below analyst expectations and the stock is already taking a hit.
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