• Ocwen8.25+0.13 +1.60%
  • Zillow100.30-1.64 -1.61%
  • Trulia+0 +0%
  • NationStar24.77+0.01 +0.04%
  • CoreLogic35.27+0.19 +0.54%
  • RE/MAX33.21-0.05 -0.15%
  • Fannie Mae2.35-0.03 -1.26%
  • Freddie Mac2.28-0.02 -0.87%
  • Wells Fargo54.40-0.37 -0.68%
  • CitiMortgage51.52-0.12 -0.23%
  • Bank of America15.39-0.13 -0.84%
  • Lennar51.81+0.32 +0.62%
  • Fidelity National Financial36.76+0.17 +0.46%
  • D.R. Horton28.48+0.47 +1.68%
  • PulteGroup22.23-0.21 -0.94%
  • First American35.68-0.14 -0.39%
  • AUDUSD=X0.7627+0.0013 +0.1767%
  • USDJPY=X119.9015-0.1885 -0.1570%
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Home >> News >> Secondary Market

Ocwen to Sell $9.8 Billion MSR Portfolio to Nationstar

Ocwen to Sell $9.8 Billion MSR Portfolio to Nationstar

There are approximately 81,000 loans in the portfolio involved in the transaction, according to Ocwen's announcement. The transaction is subject to a definitive agreement as well as approval from Freddie Mac as well as Freddie Mac's conservator, the Federal Housing Finance Agency (FHFA).

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Profits Shrink at Fannie Mae

Profits Shrink at Fannie Mae

For all of 2014, Fannie reported profits totaling $14.2 billion, down from $84 billion in 2013. Like its sister company, Freddie Mac, Fannie's 2013 results got a major boost from a one-time benefit related to deferred tax assets and a surge in funds from securities settlements.

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Morgan Stanley Makes Bid to Squash FHFA Suits

Morgan Stanley Makes Bid to Squash FHFA Suits

FHFA, which is suing on behalf of the RMBS pools' trustees, claims that Morgan Stanley committed a breach of contract by failing to buy back the poor performing loans, which were pooled into securities and sold to Freddie Mac in 2007, according to reports.

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FHFA Chief Discusses GSE Profits, Other Issues with Reporters

FHFA Chief Discusses GSE Profits, Other Issues with Reporters

In a meeting with reporters on Wednesday, Mel Watt, former U.S. representative and chief of the Federal Housing Finance Agency (FHFA) since December 2013, discussed a number of key issues facing the GSEs and the agency, touching on topics ranging from recently introduced low down payment programs to the often debated subject of principal reduction for struggling homeowners.

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BofA Loses Bid to Overturn ‘Hustle’ Verdict

BofA Loses Bid to Overturn ‘Hustle’ Verdict

Bank of America was ordered to pay a $1.27 billion penalty in July 2014 as a result of its alleged role in the "Hustle" case. The bank had been fighting to overturn that verdict since, claiming that the HSSL program ended prior to its acquisition of Countrywide.

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Fannie Mae’s Portfolio Shrinks in December

Fannie Mae’s Portfolio Shrinks in December

December's compound annualized rate decline of 26.4 percent for the gross mortgage portfolio was the eighth-highest rate for any one month since the Federal Housing Finance Agency's conservatorship of Fannie Mae began in September 2008. The highest rate of decline occurred in January 2010, when it dropped by 44.8 percent.

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