Servicing

Overall, guarantee fees are as high now as they have been at any point during roughly the last decade, partly reflecting price increases that Fannie Mae and Freddie Mac implemented in early 2008 as the housing market collapsed.

The President also signed federal emergency declarations for Connecticut, Delaware, District of Columbia, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Virginia and West Virginia -- at the request of state governors.

Ocwen's share price continues to trade near its 52-week high.

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.