Ocwen Laying Off Servicing Employees
More than a hundred employees will be laid off as Ocwen Financial Corp. closes down a mortgage servicing facility in Texas.
Lenders Refine Management Teams
Recent executive appointments in real estate finance include a range of positions at a variety of residential and commercial mortgage firms.
Ocwen Unloading MSRs on $45 Billion in Fannie Loans
Following through on a deal disclosed two months ago, Ocwen Financial Corp. is closing on the sale of mortgage servicing rights on Fannie Mae loans.
Freedom Mortgage Seeks Opportunities as Biz Expands
Residential lending activity continues to accelerate at Freedom Mortgage Corp., prompting continued growth in staffing and pushing the company to seek other opportunities.
Ocwen Outlines Strategy
Now that it no longer has to warn investors about its ability to continue in business, Ocwen Financial Corp. has outlined its ongoing strategy.
Bank Failures Slow to a Trickle
This year is turning out to be a very quiet one for bank failures -- which have slowed to a trickle compared to just a few years ago. Even credit union failures, which have traditionally numbered far fewer than banks, are keeping pace.
EverBank Lifts Mortgage Production
Home loan originations improved at EverBank Financial Corp., and the upward momentum is likely to continue in the second quarter. Servicing and income, however, were off.
Mortgage Business Better at Walter
Home lending fared better at Walter Investment Management Corp. Servicing and company-wide earnings also saw an improvement.
PennyMac Originations Headed Higher
Home lending picked up at PennyMac Financial Services Inc., and the momentum appears to have carried into the second quarter.
PHH Swings to Profit, Servicing Down
While first-quarter home lending activity at PHH Mortgage almost broke even with the prior three months, servicing was down. The company-wide earnings, however, finished back in the black.