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Over the past year Ocwen has agreed to purchase large MSR portfolios from JPMorgan Chase, Litton Loan Servicing and Saxon Mortgage.
August 2 -
Streamline refinancing applications have more than doubled since the Federal Housing Administration opened a special program on June 11 for existing FHA borrowers who had not refinanced since May 2009.
August 2 -
Ellie Mae generated total revenue of $23.6 million in 2Q, up 106% from the same period last year when Ellie Mae posted a net loss of $40,000 off revenue of $11.5 million.
August 1 -
Radian and most mortgage insurers consider HAMP transactions a modification of existing coverage and do not include it in new policies written.
August 1 -
The loan limit on VA-guaranteed loans is slated to move up to $729,750 again, staying there for two years now that House of Representatives has passed a Veterans benefits bill.
August 1 -
According to figures compiled by the Mortgage Bankers Association, refi applications accounted for 81% of all new business for the week ending July 27.
August 1 -
Servicers completed 60,000 foreclosures in June, which is the same amount from the previous month but down 24% from last year.
July 31 -
Wells Fargo Home Mortgage is embracing residential reforms mandated by the new national servicing standards, regulatory consent orders and the Dodd-Frank Act.
July 31 -
The S&P Case-Shiller house price index climbed 2.2% in May after a 1.8% increase in April.
July 31 -
The Census Bureau reported that the number of the owner-occupied homes rose by 126,000 units in the second quarter after falling by 490,000 units in the first quarter.
July 31 -
Optimism from Trepp analysts that commercial MBS delinquency rates might improve in the second half of 2012 did not occur in July as expected.
July 30 -
Roughly 2.7 million California households – homeowners and renters – pay at least half their income for housing.
July 30 -
According to bank earnings reports of the past few weeks, residential fundings are on a tear—with the anticipation that application volumes will continue to hold steady or increase.
July 30 -
If the CFPB makes brokering impossible, how many brokerage shops can afford to convert into a mortgage banking firm? The capital requirement is currently $2.5 million, while rumors persist that it may be hiked to $3.5 million over the next few years. The net worth requirement is set by Fannie Mae, Freddie Mac, and GNMA/FHA
July 27
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The Census Bureau reported that 1.6 homes vacant homes were listed for sale as of June 30, down 3% from the first quarter and 18.6% from a year ago.
July 27 -
Freddie Mac purchased $44.1 billion of mortgages from its seller/servicers in June, the GSE’s best acquisition month of the year and a sign that loan production is strong.
July 27 -
With the addition of four new towers announced this week—two in South Beach and two others in downtown Miami—more than 8,600 condo residences have now been proposed for the tri-county South Florida region.
July 27 -
Home sales may be flagging a bit, but prices are rising and have been each and every month since January.
July 27 -
Mortgage rates fell to yet another all-time low this week, 3.49% for a 30-year fixed-rate mortgage.
July 26 -
EverBank Financial originated $2.7 billion of loans and leases in the second quarter, up 19% from the first quarter and 89% from the year ago.
July 26
