Wells Fargo’s stock finished the day up after it announced it signed an agreement to sell Ocwen a $39 billion portfolio of residential mortgage servicing rights. But Ocwen did not witness the same positive results.
In daily trading on the HW 30 Index, research and real estate data firm CoreLogic took the top prize Thursday, with the firm’s stock price up 19.81%, closing at $32.35 per share on solid quarterly earnings.
Housing stocks tied to the HW 30 index compiled by HousingWire experienced an abysmal trading day Monday as the government remained closed – and Fannie Mae released a report suggesting consumers on the housing side are a little more bearish.
The darlings of 2014, the single-family housing investment and rental businesses, didn’t dominate like last year, but they still had a strong showing. After snagging four of the top five spots on the 2014 HW Fast50, two SFRs placed in the top five in 2015 and three made the top 50..
Bank loyalty is not a factor for borrowers in shopping for a mortgage loan. Borrowers tend to select a mortgage originator based on product, price and their expectation for a convenient transaction process. Read More