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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
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Institutions obtaining financing from the FHLB that's secured by their mortgages can now use the advanced score to underwrite collateral loans.
February 12
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Other servicing gains helped Mr. Cooper profit despite negative mark-to-market valuations and cyberattack costs that led to lower consecutive-quarter results.
February 9
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The unanimous decision reinstated a jury verdict in favor of a plaintiff worked in support of the institution's commercial mortgage-backed securities business.
February 8
