Ocwen Discloses Massive Charge
Hundreds of millions of dollars in anticipated fourth-quarter charges have been disclosed by Ocwen Financial Corp., which is taking steps to shore up liquidity.
Profile of a Whistleblower
A CitiMortgage Inc. executive-turned-whistleblower has been featured in the New York Times, interviewed on 60 Minutes and currently lectures college students about related legislation.
Nationstar Shares Down as Earnings Fall Short
A mark-to-market adjustment on mortgage servicing rights and a decline in servicing earnings had shares of Nationstar Mortgage Holdings Inc. down nearly 14 percent Thursday.
New Business, Delinquency Down at United Guaranty
Although business slowed last year at United Guaranty Corp., the mortgage insurer still claims the biggest market share. Delinquency was down, and the book of business grew.
Nationstar Affiliate to Acquire Ocwen Affiliate
Facing a potential default, an affiliate of Ocwen Financial Corp. has reached an agreement to be acquired by a Nationstar Mortgage Holdings Inc. affiliate.
GSE Earnings Tumble, Single Family Activity Slows
Annual earnings and single-family secondary activity turned lower at both Freddie Mac and Fannie Mae. But multifamily activity held up.
New Executives at Variety of Mortgage Firms
In addition to several mortgage bankers, a reverse mortgage lender and commercial mortgage lender have made executive appointments. Meanwhile, a former bank teller has worked his way up to serve as his company's chief executive officer.
PHH Earnings, Originations and Servicing Worsen
Home lending fell at PHH Mortgage. In addition, the size of the servicing portfolio was reduced, and earnings swung to a loss.
High Marks for BofA in Settlement Performance
Bank of America Corp. is so far doing a good job fulfilling the terms of a settlement reached last year with federal and state governments, according to a watchdog report.
2 Financial Institutions Fail
Two financial institutions have recently been shuttered -- including one that had more than a quarter-billion dollars in assets.