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In an email to employees, Residential Capital Corp. notes that Nationstar’s bid remains in place for 30 days should something change in regard to Ocwen’s offer.
October 25 -
Ocwen Financial is telling its employees that it prevailed in its bid for Residential Capital Corp.
October 24 -
Are private mortgage owners taking too much cash out of their companies?
October 24 -
It may a bit premature to predict that a boom in mergers and acquisitions is just around the corner, but at the very least there appears to be some jockeying for position among firms already plying their trade in residential finance.
October 24 -
Although new mortgage applications fell in the latest weekly reading, interest in purchase money loans is rising.
October 24 -
One servicing executive tracking the deal said Nationstar is favored to win the bid.
October 23 -
If a bank-owned mortgage firm wants to increase its value, it should pay for its loan officers to get licensed.
October 23 -
The servicing rights of Residential Capital Corp. could fetch just over $1 billion.
October 23 -
Residential Capital Corp. will be sold through an asset sale with possibly $4 billion in proceeds going to the bankruptcy trustee.
October 22 -
Will Ocwen's outsourcing of jobs overseas hurt its bid for Residential Capital Corporation?
October 22 -
It’s safe to say that Debra Still, the incoming chair of the Mortgage Bankers Association, is battle-tested.
October 22 -
With origination volumes booming, PennyMac has doubled a repo facility it had with Citibank.
October 22 -
As Michael Young prepares to depart as chairman of the Mortgage Bankers Association he has two items at the top of his Washington wish list: that regulators “get it right” on both the qualified mortgage and qualified residential mortgage rules.
October 19 -
Keep your ears open in Chicago at the MBA show for hints about which way the minimum net worth requirement is leaning.
October 19 -
Sterling Partners plans to invest several hundred million dollars in mortgage servicing rights.
October 19 -
Investors are paying top dollar for new MBS which is great for seller/servicers.
October 19 -
The asset value of mortgage servicing rights are rapidly being reduced by some of the largest players in the servicing business.
October 19 -
The Inspector General of the Federal Housing Finance Agency in a new report says Fannie Mae and Freddie Mac have different strategies for going after strategic defaulters.
October 18 -
Is the 'fiscal cliff' issue causing home buyers to sit on the fence?
October 18 -
The nation's seventh largest mortgage banker is handing out stock grants to four of its top executives.
October 18
