Mid America buys $2.7 billion in Ginnie MSRs

Rise in hurricane recovery times could strain mortgage servicers Rise in Hurricane Recovery Times Could Strain Mortgage Servicers. National Mortgage News, May 15, 2019–Brad Finkelstein (subscription) The potential for longer homeowner recovery times from hurricanes could hurt mortgage companies that need to advance funds to investors from missed payments.

Total correspondent government and nondelegated locks were $7.7 billion in UPB, down 16% from both the prior quarter and the first quarter of 2018. Direct lending locks totaled .7 billion in..

Existing-home sales fall to three-year low, miss estimates From Jill Mislinski: This morning’s release of the January Existing-Home Sales decreased from the previous month to a seasonally adjusted annual rate of 5.38 million units. The Investing.com.

One is, we now own $553 billion of either Excess MSRs or Full MSRs. We have call rights on approximately $160 billion of the legacy mortgage market, which is 30% to 35% of the outstanding balance.

Total consolidated assets were $25.7 billion as of September 30. as total shareholders’ equity less goodwill and other intangible assets, net (excluding msrs). tangible assets are total assets less.

Ocwen terminates lending business head In retrospect, looking at all the accomplishments he has made in the past several years, from refinancing of corporate debt and the term loan, the divestiture of. has been tapped to head Ocwen in.

Being late to the technology party may actually benefit FHA and Ginnie; Holistic approach needed to fix vital federal mortgage programs; MountainView brokering $6B in GSE and Ginnie Mae servicing rights; Home prices in 20 U.S. cities cool with smallest gain since 2012; New York providing grants to boost zombie property law compliance; Categories

Fourth quarter 2017 net earnings of $82.8 million, or $0.38 per common share Full-year 2017 net earnings of $246.9 million, or $1.12 per common share annual loan and lease growth of $1.6 billion..