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Ocwen Financial's shares had fallen nearly 7% Friday afternoon, to under $10 apiece, a day after Standard & Poor's Ratings Services put the company's servicer ratings on CreditWatch negative.
June 5 -
Mortgage professional hiring and new job appointments for the week ending June 5.
June 5
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Ratings agency Fitch took a cautious approach to the residential mortgage-backed securities market in its latest report on the sector.
June 4 -
JPMorgan Chase & Co. won a round in a long- running dispute with the Federal Deposit Insurance Corp., avoiding some of the liabilities tied to its 2008 takeover of Washington Mutual Inc.'s banking operations.
June 4 -
The number of delinquent loans backing commercial mortgage-backed securities dropped significantly in May, according to a report by Trepp.
June 3 -
Bank of America scored a legal victory this week for all holders of second liens.
June 3
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Buyers of the unrated B tranche, which transfers the first 100 basis points of losses when homeowners default, will be paid a spread of 795 basis points over one-month Libor.
June 3 -
After a "landmark" first-quarter driven by mortgage origination gains, Flagstar Bancorp is counting on mortgage servicing and community banking to spur future growth.
June 2 -
Walter Investment Management Corp. is preparing to refinance and retain loans through other channels after the HARP ends in 2016.
June 2 -
National home prices, including those of distressed properties, increased 6.8% this past April from where they stood a year before.
June 2
