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Ocwen Financial Corporation has announced that its Board of Directors has appointed Glen A. Messina as President and Chief Executive Officer
Ocwen Financial Corporation has announced that its Board of Directors has appointed Glen A. Messina as President and Chief Executive Officer, effective concurrently with the closing of Ocwen’s previously announced acquisition of PHH Corporation. Messina will also be appointed as a member of Ocwen’s... Keep Reading....
The increased use of alternatives to traditional residential property appraisals has the potential to dilute the credit quality of new residential mortgage-backed securities (RMBS) unless certain risks are mitigated
The increased use of alternatives to traditional residential property appraisals has the potential to dilute the credit quality of new residential mortgage-backed securities (RMBS) unless certain risks are mitigated, according to a new report from Moody’s Investors Service.   In its report, Moody’s... more
Barclays Capital Inc. has agreed to a $2 billion settlement of federal charges related to the company’s underwriting and issuance of residential mortgage-backed securities (RMBS) between 2005 and 2007
Seattle-based WMIH Corp. has announced a merger with Dallas-based Nationstar Mortgage Holdings Inc.   According to the companies, the operating business will retain the Nationstar Mortgage name and Dallas Headquarters and will be initially traded on the NASDAQ under the ticker symbol “WMIH”.... more
Fiserv has announced it has entered into a definitive agreement with Warburg Pincus LLC
Fiserv has announced it has entered into a definitive agreement with Warburg Pincus LLC, where Warburg Pincus will acquire a 55 percent share of the Lending Solutions business of Fiserv. Fiserv will receive approximately $395 million in net after-tax proceeds and retain a 45 percent equity interest... more
During the fourth quarter of 2017, 9.3 percent of all residential properties with a mortgage were seriously underwater
During the fourth quarter of 2017, 9.3 percent of all residential properties with a mortgage were seriously underwater, according to new data from ATTOM Data Solutions. This is only slightly below the 9.6 percent level in the fourth quarter of 2016, and it marks the It was the smallest year-over-... more