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
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Items Tagged with 'Basel III'

ARTICLES

Is Benjamin Lawsky only going to get more aggressive?

Ballard Spahr says industry hasn’t seen anything yet
Trey Garrison
In a note to clients, Ballard Spahr warns that the head of the New York State Department of Financial Services is only going to get more aggressive in his crusade against perceived wrong-doers.
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Why buy MSRs in this regulatory environment?

IMN panel talks about the high cost and profit of MSRs
Trey Garrison
MSRs seem sometimes like nothing but trouble. Yet the servicing space is running hot with these MSR sales. What's the deal?
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What did servicers care about in 2013?

Loan transfers, asset sell-offs, new rules and massive legal settlements
Kerri Ann Panchuk
If servicers thought the robo-signing crisis of 2010 kept them from moving forward at a robust pace, then 2013 for all intents and purposes was the year for the servicing side to heal old wounds.
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Whalen: Mortgage servicing market changing

HousingWire Staff
Coming changes in the U.S. banking business will remake the mortgage market -- even if banks won't be abandoning mortgages anytime soon -- according to industry expert Christopher Whalen, in recent commentary.
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Boston Fed President admits Basel III rules are too complex

Reporting under Basel I, II and III remains cumbersome for banks
Kerri Ann Panchuk
Complex and cumbersome, Basel III is still challenging financial firms, Boston Fed Bank president Eric Rosengren admits. But once a clean break from past Basel rules is made, the system will be better positioned to withstand all the changes.
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It's official: American Capital buys Residential Credit Solutions

The mortgage servicing industry's "worst kept secret" is no longer a secret
Jacob Gaffney
The move makes sense. American Capital is moving its portfolio away from 30-year and into more agency 15-year and adjustable-rate mortgages and will benefit from the specialty servicing expertise at Residential Credit Solutions.
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From HW Magazine

Balance of power

Lending in today's regulatory atmosphere
David Stevens
When the housing crisis began, the federal government took measures to stabilize the real estate finance markets, ensure ongoing liquidity and prevent further losses. Congress passed the Dodd-Frank Act that put many of these measures in place, including the establishment of the Consumer Financial Protection Bureau and statutory requirements for federal regulators to create and enforce new regulations to protect consumers and ensure a crisis of this proportion was never allowed to occur again
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Smaller banks granted stress test reprieve

HousingWire Staff
Federal regulators granted smaller banks more time to adapt to Basel III's capital rules, while the biggest banks have only until Oct. 1.
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Stress tests to include Basel III requirements

Banks phase in new rules
HousingWire Staff
The government is buckling down on U.S. banks and requiring them to incorporate Basel III's new capital rules in their next stress tests.
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The great MSR sell-off continues

MountainView Servicing markets $2.1B in Fannie, Ginnie MSRs
Kerri Ann Panchuk
Advisory firm MountainView Servicing Group went public Wednesday to market two mortgage servicing rights portfolios valued at $2.1 billion.
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