MSR

Minus various expenses including corporate, legal and servicing rights valuation, Ocwen had adjusted pretax income of $13.5 million.

The company expects to get between $17 and $19 per share.

The agreement with Florida ends the saga that began in April 2017, when several states sued the company. However, the CFPB's case filed at the same time remains active.

Called it a better all-around process for United Wholesale Mortgage to become a publicly traded company.

Weeks after Rocket Cos. launched its own IPO, the wholesaler is merging with a special-purpose acquisition company in a deal that values it at over $16 billion.

The only rational strategy for holding MSRs is to be very aggressive on protecting the servicing assets via loan recapture. This is one of the chief reasons that banks have been willing to give up their share in lending and servicing as they collapse back to retail-only lending strategies.

Only 18% of refinance borrowers returned to the same lender in the second quarter, the second lowest rate since 2005.

The post was vacant since Kristy Fercho left to run Wells Fargo Home Loans in July.

Nearly half of the second-quarter volume came from its existing customers.

If it makes landfall as a Category 3 storm as was initially projected, damage from Hurricane Laura's surge could potentially devastate 432,810 residential properties in Texas and Louisiana, according to CoreLogic.