Items Tagged with 'nonbank MSRs'


  • Nationstar posts net loss of $20 million, but the news is better than it seems

    Adjusted earnings rises to $42 million
    Nationstar Mortgage, the company soon to be known as Mr. Cooper, reported Thursday that it saw its first quarterly net loss in a year, but the news is actually better than it appears. Overall, Nationstar posted a GAAP net loss of $20 million (or $0.20 per diluted share) in the second quarter, but on an adjusted basis Nationstar saw earnings of $42 million, or $0.43 per share.
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  • Ocwen falls back into the red in Q4, but results are much better than last year

    Posts net loss of $10.4 million compared to loss of $224.3 million in 2015
    Ocwen Financial surprisingly returned to profitability in the third quarter of 2016, breaking a four-quarter streak of losses, but the company’s time in the black appears to be short-lived. The nonbank reported Wednesday that it posted a net loss for the fourth quarter of 2016, but the loss is far smaller than the company reported during the same time period last year.
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  • Ocwen posts big loss, erasing profits for 2015

    Nonbank needs a big boost to get back in black
    As the company itself predicted just last month, Ocwen Financial is now in a position to record a loss in 2015, after the nonbank reported Wednesday that it generated a net loss of $66.8 million in the third quarter. Ocwen actually posted profits – albeit small ones – in the first and second quarters of this year, but those profits have been undone by Ocwen’s rough third quarter.
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  • Walter Investment Management posts 2Q loss of $12.9M

    Servicing revenues up but originations see loss, company beats expectations
    Despite the loss in the quarter, Walter Investment Management is digging itself out of hole, and saw strong gains in servicing even as it saw a decline in originations. The company beat expectations on earnings per share. Want to know more?
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  • What’s the future of Ocwen?

    Analysts weigh in on what’s next for the nonbank
    Now that the dust is beginning to settle after Ocwen Financial reported its first-quarter results, industry observers are beginning to question what’s next for the nonbank. Despite the company being back in the black, analysts hold diametrically opposed views of Ocwen’s future.
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  • Ocwen troubles aren’t over yet

    Preparing to book $370-$420 million goodwill charge off
    When Ocwen Financial does finally report its yearly financial data, there will be several more negative items in the ledger, and the company is attempting to preemptively alleviate investor concerns by getting out in front of the news. In a press release Monday, the company said that it is expecting its fourth quarter and year-end results to be affected by a $370-$420 million non-cash charge to write-off goodwill.
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  • Fitch warns Ocwen-related RMBS deals face major downgrade

    Placed on “Rating Watch Negative”
    Fitch Ratings is sounding the alarm on residential mortgage-backed securities that contain loans serviced by Ocwen Loan Servicing, an affiliate of Ocwen Financial, telling investors to expect a downgrade on the ratings of Ocwen-related RMBS transactions soon.
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