Wilbur Ross quits Ocwen Financial

Wilbur Ross quits Ocwen Financial

Distressed asset investor bringing his magic to Bank of Cyprus

Dustin Johnson levels blockbuster claims at title attorneys

Is Nat Hardwick the fall guy?

CFPB proposes 7 big changes to foreclosure process for mortgage servicers

Adds guidance on extended borrower protections

Items Tagged with 'Portfolio'


$500 million in MSRs hits the market

Fannie, Freddie and Ginnie all included
Ben Lane
Interactive Mortgage Advisors announced that it is overseeing the sale of two portfolios of mortgage servicing rights totaling more than $500 million.
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$760 million Fannie Mae MSR portfolio hits market

Follows string of MSR sales
Brena Swanson
MountainView Servicing Group is overseeing the sale of a Fannie Mae mortgage-servicing right portfolio with a total unpaid principal balance of $759,526,511, which features a weighted average original FICO of 725 and 61% HARP servicing.
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Monday Morning Cup of Coffee: Ginnie MSRs up for grabs; Key housing data expected

Kerri Ann Panchuk
More Ginnie Mae mortgage servicing rights are up for grabs, while the housing market awaits key economic data after a shaky week on Wall Street. All of this and more in Monday Morning Cup of Coffee.
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mREITs perform even as the HW 30 falls

QE fears are in the past for now, but uncertainty lingers
Christina Mlynski
Investors are confident that interest rates will not dramatically shift away from their current levels, a prediction that allowed mortgage real estate investment trusts on the HW 30 index to perform better than anticipated Monday.
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ResCap, Mountain Funding Enter Servicing Agreement

Jon Prior
Mountain Funding, an investor in distressed real estate debt portfolios, entered into an agreement with GMAC-ResCap’s Business Capital Group to provide asset servicing and consulting advice for the real estate owned (REO) assets in their portfolio, a spokesman for GMAC said. ResCap, the fifth largest servicer in the nation, will continue to provide servicing for a portfolio of roughly 2.6m mortgage loans.
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National Asset Direct Picks Up $34 Million Distressed Mortgage Portfolio

Paul Jackson
National Asset Direct Inc., a purchaser of distressed residential assets and loans, said Wednesday afternoon that it had completed the purchase of a portfolio of approximately $34 million of seasoned sub-performing and non-performing first lien residential mortgages from an undisclosed top-tier bank. The company intends to service approximately 65 percent of this newly acquired portfolio through iServe, its wholly owned servicing subsidiary, it said in a press statement; officials did not specify where the remaining loans would be placed.
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