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The company originated more loans to buy homes than Detroit-area rival No. 2 Rocket did in total during the fourth quarter.
February 28
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The automated notices related to potential defects may be helpful because they flag issues earlier, according to the Community Home Lenders of America.
February 28
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The mortgages have an average balance of $70,312, and an average coupon, on a weighted average (WA) basis, of 10.06%. Also on a WA basis, the borrowers have an original credit score of 739.
February 27
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A rate drop was a common concern for some servicers during the quarter, and Ocwen recently took a step aimed at better addressing this risk in the future.
February 27
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The megalender and servicer Rocket reported annual origination volume in 2023 of $78.7 billion, a 40% decline from 2022.
February 22
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Data used to determine the non-QM and prime jumbo numbers represent 75% of securities in each respective loan segment, the companies said.
February 21
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The company, which has paired down its operations to concentrate on reverse mortgages, got a similar notice in December.
February 16
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As the book of business written during the 2020 to 2022 period enters peak delinquency years, default notices are expected to rise, fourth quarter earnings comments revealed.
February 16
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The company was able release credit reserves because of actual and forecasted prices that boosted net income, CEO Priscilla Almodovar said.
February 15
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The government-sponsored enterprise financed 955,000 mortgages last year, down from the 1.8 million loans it backed in 2022.
February 14
