Servicing

Ocwen, in late October, entered into an agreement to purchase reverse mortgage banker, Genworth Financial Home Equity Access, Inc. for $22 million in cash.

The 30-year fixed-rate mortgage reached an all-time low of 3.36% last month, while the 15-year hit a record of 2.66%, according to Freddie Mac.

The bank's residential unit was founded in 2000 and now originates $1 billion a year in home mortgages.

The rules for Realtors to get financing for properties to be repaired and resold.

Impac's “continuing” mortgage business earned $4.4 million and the firm saw originations spike by 33% over the second quarter to almost $710 million.

At BOK Financial mortgage banking revenue increased 70% from a year earlier, to $50.3 million.

The new agreements allow residential servicers to approve any short sale or deed-in-lieu that meets Fannie Mae/Freddie Mac's requirements without individual mortgage insurance company approval.

Will some of Residential Capital Corporation's massive servicing portfolio wind up at Home Loan Servicing Solutions?

Assurant said it is attempting to create more flexible policies that address the concerns of banker clients and regulators about costs and services provided.

Although Genworth's mortgage insurance division lost money, it is seeing a noticeable pick up in new policies written.