Servicing

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.

Flagstar posted gain-on-sale income of $334 million in the third quarter, an impressive 57% increase from 2Q.

Upbeat meeting tempered by an uncertain future.

Ocwen Financial is telling its employees that it prevailed in its bid for Residential Capital Corp.

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.

Comptroller of the Currency Thomas Curry said the agency recognizes that some aspects of the provisions pertaining to mortgages could impose a serious burden on community banks and thrifts.

One servicing executive tracking the deal said Nationstar is favored to win the bid.

Wholesaler Mortgage 360 suports the Home Affordable Refinance Program.

A year ago economists at the Mortgage Bankers Association were bracing for an ugly 2012, one in which a meager $900 billion in fundings would come to pass.

In the second quarter, Fannie Mae sold nearly 48,700 real estate owned properties.