Servicing

The Federal Housing Finance Agency provided its first specifics Tuesday on how it intends to create a single security for mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac.

Ocwen Financial Corp., the largest nonbank mortgage servicer, said investors shouldn't rely on its financial statements for 2013 and the first quarter of this year as the firm’s auditor reviews accounting controls.

Starwood Waypoint Residential Trust, an owner of single-family homes, bought two pools of delinquent loans and 146 bank-owned houses for $219 million.

Realogy Holdings Corp., owner of brokerage brands Coldwell Banker and Century 21, is building a division to manage single-family homes for landlords in the growing house-rental industry.

Walter Investment taps profits from HARP refinancings to build retail origination network.

Fitch Ratings may decline to rate or limit the maximum rating on re-performing securitizations if their representations and warranties, rep providers, documentation, due diligence reviews and structures aren't up to snuff.

This is what CFPB will be looking for to determine if a mini-correspondent really is a mortgage banker or a mortgage broker.

The issuance of securities backed by mortgage loans on multifamily properties guaranteed by Fannie Mae increased over 30% from the first quarter of 2014.

Residential mortgage delinquencies declined for the fifth consecutive quarter to roughly 6%, the lowest level since the fourth quarter of 2007, as subprime loan portfolios continue to shrink.

Fannie Mae and Freddie Mac are relying more and more on their income from loan guarantee fees just at a time when their regulator is considering a proposal to reduce those fees.