Financial institutions

Ocwen Financial Corp. reported lower income year-over-year as servicing revenue fell steeply, despite the gains from the sale of nonperforming loans.

Nationstar Mortgage Holdings returned to profitability in the second quarter after the previous quarter's significant loss.

Consumers hold tight to the belief that servicers are only concerned about their ability to make payments, despite a growing industry focus on customer experience.

The range of loan products offered by mortgage lenders and investors has been narrow since the housing crisis, but a few underserved niches are starting to make a comeback.

The bankruptcy of Wingspan Portfolio Advisors epitomizes the existential crisis facing default servicing. This once-thriving sector of the mortgage industry now finds itself declining in lockstep with the drop in loan delinquencies and foreclosures.

Ellie Mae will add new integrations of Fannie Mae's automated loan review technology to its loan origination system to help lenders ensure loans remain eligible for sale throughout the underwriting process and eliminate surprises at the end.

The Consumer Financial Protection Bureau's new integrated disclosure regulations could pose problems for warehouse line providers along with their mortgage lender clients.

Bankers were pleased with the dramatic leap in home lending last quarter, but they cautioned that volume will slow in the second half as rate increases curb refinancings, nonbanks provide stiffer competition, servicing costs remain high and underwriting standards change.

Angel Oak Home Loans in Atlanta has opened multiple branches across the state of Florida as part of its nationwide expansion.

United Wholesale Mortgage has begun offering interest-only mortgages through its third party origination channels.

So-called shadow lenders have been making an increasing number of leveraged loans to midsize businesses. Now their involvement is growing in commercial real estate, a market that scorched traditional lenders when it blew up after the 2008 financial crisis.

Struggling to win business in the age of QM, Impac Mortgage has relaxed underwriting requirements in hopes of attracting borrowers many other lenders won't touch.

Eastern Union Funding has lowered its fee cap $135,000 on loans for stabilized properties.

A new crop of P-to-P loan platforms is focusing on commercial real estate loans that get ignored by banks.

The latest estimates of nonbank mortgage lender employment mark the largest number of workers since November 2013, and the biggest monthly hiring gain in six months.

Walker & Dunlop, through the Department of Housing and Urban Development's Lean 232 program, closed the first Rental Assistance Demonstration program loan for a health care facility.

Jeff McGuiness has exited the CEO position at Lenders One to become the chief sales officer for Embrace Home Loans.

Two groups representing small and mid-size lenders say new proposed state mortgage servicing standards for nonbanks will add an unnecessary layer of regulatory burden, especially for firms servicing Fannie Mae and Freddie Mac loans.

Ocwen Financial Corp. has priced $225 million of asset-backed notes being offered as part of a debt refinancing.

Some argue that nonbank mortgage lenders' rising market share poses a risk to the financial system. But this belief arises from an inaccurate understanding of what is in fact a well-regulated sector.