Ocwen Asks for Restraining Orders
Ocwen Financial Corp. has filed emergency motions to reverse cease-and-desist orders issued by two states over allegedly deficient servicing practices.
Flagstar CEO Running Mortgage Business
The chief executive officer of Flagstar Bancorp Inc., himself, is jointly running the bank's mortgage banking business until a permanent replacement is found, the earnings report said.
Servicing, Staffing Expand at Guild Mortgage
Although home lending slowed at Guild Mortgage Co., the size of the servicing portfolio and payroll were up from the prior quarter and a year prior.
CUSO Sees Growth in Mortgage Business
A credit union service organization has grown from a sideline venture over a dozen years ago to a fully independent organization.
Ohio Mortgage Jobs Being Created
A home lender with operations in Central Ohio has plans to consolidate two offices and hire another 150 servicing and production employees.
SunTrust Mortgage Originations Sink, Servicing Up
SunTrust Banks Inc. saw a bigger quarter-over-quarter decline in home lending than many of its peers. But its mortgage servicing grew.
MSRs on Alt-A Loans Being Sold
Mortgage servicing rights on a portfolio of mostly Alt-A loans are on the market. A big share of the mortgages are secured by California properties.
MSRs on Over $2 Billion in Ginnie Loans for Sale
A new offering has hit the market for mortgage servicing rights on more than $2 billion in Government National Mortgage Association loans.
Mortgage Delinquency Sinks to 11-Year Low
The level of late payments on America's home loans retreated last month -- leaving performance metrics looking better than anytime in the last 11 years.
Mortgage Originations, Assets Down at Citizens
Although mortgage production and assets fell from the previous quarter at Citizens Financial Group Inc., both were up from a year earlier.