Here’s how TRID is changing the mortgage industry

Here’s how TRID is changing the mortgage industry

Up and down the pipeline things are changing

Monday Morning Cup of Coffee: Is Fed, housing policy at a crossroads?

Plus why private investors don’t want to buy mortgages, TRID and more

[Chart] FHA mortgage insurance boom in the works?

MBA notes impact of cutting MIPs

Items Tagged with 'Ocwen Financial Services'


Monday Morning Cup of Coffee: Mortgage lenders "routing" homebuyers to FHA?

Ocwen, Nationstar results also coming soon
Lower credit scores are leading to higher mortgage costs, according to an article in the Seattle Times. There is a new opinion, separate from the many who view last month’s Supreme Court decision on "disparate impact" as a negative. Also, it’s time for the massive nonbanks to start weighing in with their earnings.
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FHFA Inspector General counters: Here's why nonbanks need prudent regulation

Nonbanks hold $1.4 trillion of $10 trillion market
The Federal Housing Finance Agency Office of the Inspector General suggests the FHFA establish a risk management process unique to nonbank special servicers. This is to better oversee how the GSEs control inherent risks in transferring mortgage servicing rights and performing large scale servicing operations.
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Ocwen will stop using mortgage gag orders

Prevents the rare times it was used
"To clarify, Ocwen has never required non-disparagement clauses for mortgage modifications. Our agreement with the DFS deals with the highly unusual situation where there is a legal settlement agreement with a borrower," John Britti, chief investment officer at Ocwen, said.
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Nonbanks expect big year for MSRs

Nationstar, Walter, Ocwen, soar on HW 30
Nonbanks are experiencing a strong day on the stock market, following positive first-quarter earning reports. MSR transfer activity is still occurring and more importantly, the long-term pipeline of opportunities is very healthy.
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