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Ocwen's strategy shift notches modest win in Q2 earnings

National Mortgage
Mortgage Finance
4 years ago

Ocwen Financial eked out a second quarter profit due to cost cuts, appreciation in owned mortgage servicing rights, and a,.. Read More;

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Mortgage rates fall back below 5%

National Mortgage
Mortgage Finance
4 years ago

Average mortgage rates dropped under 5% for the first time since mid April over the past week, Freddie Mac reported,,.. Read More;

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Fed leaders pledge tough fight to keep inflation credibility

National Mortgage
Mortgage Finance
4 years ago

Federal Reserve leaders pledged the central bank would continue an aggressive fight to cool an inflation rate that's at a,.. Read More;

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Freedom Mortgage sells RoundPoint to Two Harbors after 2 years

National Mortgage
Mortgage Finance
4 years ago

Freedom Mortgage has moved on from RoundPoint Mortgage Servicing Corp. barely two years after it closed on the acquisition.Matrix Financial,.. Read More;

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Sprout Mortgage sued for reneging on purchase agreements

National Mortgage
Mortgage Finance
4 years ago

Originators burned by Sprout Mortgage's shutdown last month are suing the company for allegedly reneging on agreements to purchase millions,.. Read More;

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Lower adds Honor Home Loans as private label retail group

National Mortgage
Mortgage Finance
4 years ago

Lower, a Columbus, Ohio-based multichannel mortgage lender, has expanded its retail branch network for the second time in three months,.. Read More;

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PennyMac Financial Services' profit sags but beats analyst estimates

National Mortgage
Mortgage Finance
4 years ago

Servicing income, certain secondary market gains, layoffs and other cost-cutting did more to offset the impact of the marketwide originations,.. Read More;

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Equifax says consumer credit scores changed in computer error

National Mortgage
Mortgage Finance
4 years ago

Equifax said some consumer credit scores were changed because of a computer error that has since been rectified.A server "coding,.. Read More;

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Mortgage volumes increase for first time in a month

National Mortgage
Mortgage Finance
4 years ago

Downward trending interest rates contributed to a slight uptick in mortgage activity last week, the first increase in a month,,.. Read More;

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Servicers anticipate further ramp-up in foreclosure activity

National Mortgage
Mortgage Finance
4 years ago

Servicers are broadly expecting foreclosure activity to accelerate, but they think the increase will be relatively small, according to a,.. Read More;

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Banks ask CFPB to crack down on data aggregators

National Mortgage
Mortgage Finance
4 years ago

Eight bank trade groups have petitioned the Consumer Financial Protection Bureau to define data aggregators as larger participants subject to,.. Read More;

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Late payments rise among low-income auto, card borrowers: Report

National Mortgage
Mortgage Finance
4 years ago

Late payments on credit cards and auto loans are starting to pile up after a lengthy period when government stimulus,.. Read More;

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