Important lessons learned this week: What goes up, must come down; mortgage rates don't always track the 10-year Treasury; stock speculation (Fannie/Freddie) is not for the faint of heart...
Ocwen is losing a big subservicing contract with REIT New Residential but isn't worried about the development because the contract was unprofitable in the fourth quarter...
Net income at Mr. Cooper was aided in a major way by a $285 million recovery tied to deferred tax assets. Meanwhile, on the origination front, the company funded $12.6 billion in product during 4Q19, up 5.8% from 3Q19.
Moody's believes that relying on less than 12 months of a borrower's bank statements increases the risk a non-QM loan may not meet the CFPB's standards...
BlackRock CEO Larry Fink: “Our strategic investment in PennyMac 12 years ago was part of an effort to help our clients access opportunities in the residential mortgage market…”
Is Onity Group eyeing a sale? Perhaps. And why not? Servicing values are approaching a 25-year high.
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