Ocwen's regulatory burdens send up red flags and drive down stock price

Ocwen's regulatory burdens send up red flags and drive down stock price

Analysts lower price target, Citi drops buy recommendation

Activist investors critique Zillow, Trulia deal

Valuations skyrocket while earnings expectations have fallen

4 factors weighing down housing in the second half of 2014

Will housing collapse?
W S

Servicing

Servicing

ARTICLES

Freddie Mac sells $659 million in “deeply delinquent” loans to unknown buyer

Executes first sale of seriously delinquent loans
August 1, 2014
Freddie selected the winning bidder “on the basis of economics” from a pool of 22 prospective buyers that took part in the auction. When contacted, Freddie declined to identify the winner of the auction.
Read More

Mortgage servicer satisfaction back from the brink

J.D. Power releases satisfaction survey
August 1, 2014
The industry has come a long way since the financial crisis. As revealed in the latest J.D. Power mortgage servicer satisfaction survey, the overall satisfaction average increased to 754 in 2014, up from 733 in 2013.
Read More

$1.2 billion Fannie, Ginnie bulk MSR portfolio for sale

Loans carry weighted average note rate of 3.75%
August 1, 2014
Fannie Mae and Ginnie Mae each back a separate pool of the underlying loans. IMA is requesting separate bids to be submitted for the Fannie pool and the Ginnie pool to allow consideration by the seller to sell the pools separately.
Read More

New York now allows shared appreciation mortgage modifications

New regulation announced without fanfare in state register
August 1, 2014
Per the new rules, each shared appreciation agreement must contain "a conspicuous legend at the top of the agreement printed in at least fourteen-point type, consisting of substantially the following language: 'IN THIS AGREEMENT, YOU ARE GIVING AWAY SOME OF ANY FUTURE APPRECIATION IN THE VALUE OF YOUR HOME. PLEASE READ CAREFULLY.'"
Read More

Ocwen's regulatory burdens send up red flags and drive down stock price

Analysts lower price target, Citi drops buy recommendation
August 1, 2014
Heightened regulatory burdens and compliance costs continue to drag on Ocwen Financial a day after its second quarter earnings are announced.
Read More

Nationstar faces challenges as Wall Street turns skeptical on nonbank MSRs

Valuation, regulatory headwinds come despite growing customer satisfaction
August 1, 2014
Nationstar isn’t facing quite the level of pushback or regulatory targeting as its counterpart Ocwen Financial, but it is having a devil of a time lately and it was reflected in reports and on the market boards Friday.
Read More

It’s time to set aside agendas, and talk housing’s future

There’s a new industry event out there – and the best part is it’s not an industry event
July 30, 2014
In case you missed it earlier, HousingWire is offering our support to the Bipartisan Policy Center’s 2014 Housing Summit this September 15-16 in Washington, DC. We’re honored to play a role. But it’s why we’re supporting the event – and why you should, too – that maybe needs a little more explaining.
Read More

Fitch: Statebridge assigned "outlook stable" rating

Rating based on evidenced servicing capabilities
July 30, 2014
"Statebridge has an experienced senior management team, developed recruiting, staffing, and retention programs, and developed loan and default administration capabilities," Fitch Ratings said.
Read More

$22B in government mortgage relief still left for struggling homeowners

HAMP defaults still running high
July 30, 2014
The Treasury still has plenty of money left to help struggling homeowners, with nearly $22 billion of untapped funding available for the Treasury’s Making Home Affordable program.
Read More

1 in 3 Americans being chased by debt collectors

July 29, 2014
A new report form the Urban Institute shows how weak the U.S. economy is, and offers at least one reason for the housing doldrums — one in three Americans is so far behind in paying their bills that they are in collections.
Read More