The deal adds a call center operation which has originated $374 million through the first nine months of the year.
Lenders are unloading more of their bank-owned inventory at the foreclosure auction to take advantage of the volume of investors and cash purchasers in the marketplace.
The governor of New York and the Department of Financial Services have issued proposed regulations to assist homeowners who are underwater.
Under the agreement Flagstar Bancorp will sell $41 billion in aggregate unpaid principal balance of residential mortgage servicing rights to Matrix Financial Services, a wholly owned subsidiary of Two Harbors Investment.
Ocwen will spend the money on principal forgiveness modification programs for borrowers who are behind on payments or whose homes are worth less than they owe.
Senator Barbara Boxer, D-Calif., wrote the Internal Revenue Services in August asking how they will treat California short sales after the expiration of the Mortgage Forgiveness Debt Relief Act.
The big bank has more than twice as much Ginnie servicing volume as the second-place company in the niche.
As malware and virus detection gets more advanced, financial firms may find their IT departments overwhelmed by the volume of suspicious activity alerts that have to be investigated.
A limited supply of properties available to purchase on the open market continues to affect prices in many of the nations largest counties.
An unprecedented annual jump in Internet mortgage banking transactions coupled with a 50% increase in mobile banking is profoundly changing retail bank operations and customer retention practices across the U.S., according to Accenture.
Ronald Hurst will serve two years in prison for conspiring to commit bribery and wire fraud in a scam that affected the U.S. Department of Veterans Affairs Mortgage Guarantee Program.
Stenwyn Joseph previously had oversight of a team of portfolio managers and analysts managing risk and return associated with mortgage servicing rights at OneWests predecessor, IndyMac Bank.
Refinancings of higher LTV loans exhibit larger declines.
The federal agency is providing redevelopment funding for 12 multifamily rental properties in an effort to prevent the displacement of elderly tenants for at least another decade.
The percentage of disposable income that consumers need to make to cover the interest on their debts reached a record low.