Paul Muolo

Ocwen Financial Corp., which has been gobbling up billions of dollars of mortgage servicing rights the past two years, earned $19.3 million in the first quarter, a 13% decline from the year ago period.

Redwood Trust Inc., the nation’s only active securitizer of jumbo residential loans, posted stellar earnings of $30 million in the first quarter, a 66% jump from the same period a year ago.

In February and January of this year mortgage firms hired 5,500 workers. That’s good news for the industry and shows that residential finance is on the rise again after several rough years of dealing with record delinquencies, sagging home values, tougher regulations, and the general perception that “renting is good.”

Mark Goldhaber, the government affairs chief for Genworth Financial, announced his retirement from the firm after 24 years, and immediately launched a new consulting business, Goldhaber Policy Services.

PennyMac Mortgage Investment Trust earned $19.1 million in the first quarter, a slight decline from the prior period.

It’s not easy being president. Just ask George W. Bush or Jimmy Carter. As for the current inhabitant of the White House, he was a bit late to the game when it came to tackling the housing and mortgage crisis. He wants to fix the housing/mortgage mess and he controls (sort of) three entities that can aid in that recovery: Fannie Mae, Freddie Mac and HUD/FHA

The government controlled Freddie Mac posted net 'comprehensive' income of $1.789 billion in the first quarter — but then had to turn around a pay the U.S. Treasury $1.8 billion in dividends, resulting in a small true loss for the quarter.

Stop me if you’ve heard this one: “We’re running out of inventory.”

Mortgage applications rose a scant 0.1% for the week ending April 27 with refinancings slipping ever so slightly.

EverBank Financial Corp. paid $350 million for the warehouse lending business of MetLife Bank, according to an amended S-1 filing with the Securities and Exchange Commission.

Freddie Mac executive Anthony Renzi has accepted a senior mortgage job with Citigroup, after weighing a position with Wilbur Ross’ fast-growing mortgage empire.

Michael D. Fraizer, chairman and CEO of Genworth Financial, resigned Tuesday afternoon, two weeks after the firm’s stock was hammered because of accelerating losses in its Australian mortgage insurance business.

Fannie Mae acquired $95.3 billion of mortgages from its seller/servicers in March, a stunning 53% jump from the month prior, and a performance a source close to the company attributed to recent guarantee fee hikes.

It appears that a flip-flop of sorts is happening in regard to the FHA and VA programs.

Industry veteran Tony Renzi, who joined Freddie Mac last spring as part of a major organization at the GSE, has resigned from the company effective May 11, according to a new SEC filing.

Ally Financial, in a new public filing, finally admits that it is weighing bankruptcy protection for its struggling residential mortgage division which is facing potential additional losses of up to $4 billion.

For a year now the government owned Ally Financial has kept mum on the idea of throwing ResCap into bankruptcy protection but the self imposed gag order came off late Friday night, squirreled away in the folds of a new 148-page SEC filing.

It's no secret that there are signs of life in the 'flow' servicing market, but will these green shoots of a revival turn brown?

Flagstar Bank ended the first quarter with $2.15 billion of warehouse lending commitments on its books, a healthy 31% increase from the year ago period.

By now, thousands of readers have viewed our coverage (both in print and online) of eWarehouseOne, the mysterious warehouse lender that appears to have collected at least $250,000 in application and good faith checks, and doesn’t have a whole lot of lines of credit to show for it. After two months of investigating the company and talking to roughly 20 sources, we’ve come to the conclusion that the man running the show is Tom Reynolds, once listed as EVP in charge of warehouse lending. The problem is this: none of the account executives hired by the company (some of whom have left) have ever met Reynolds, though they’ve spoken to him on the phone.