The MReport Webcast: Friday 4/22/2016

Dallas, Texas-based Nationstar Mortgage was the only one out of the three largest U.S. non-bank mortgage servicers to turn a profit during 2015, according to Moody’s Investors Service’s Servicer Dashboard on Thursday.

Nationstar’s net income for 2015 was 43 million dollars, while the other two largest servicers, Ocwen Financial Corp. and Walter Investment Management Corp., posted losses of 246 point 7 million dollars and 263 point 2 million dollars for last year. According to Moody’s, profitability has been weak for non-bank servicers over the last couple of years due to mortgage servicing right fair value adjustments, goodwill impairments, and higher regulatory expenses.

Financial hardships are keeping Americans tossing and turning at night, and mortgages are one the top concerns causing sleeplessness, according to a new CreditCards.com poll. The national poll of 1 thousand adults found that 62 percent of respondents still say they lose sleep to at least one financial worry, which is not as good as the 56 percent in 2007 pre-recession, but much better than the 69 percent reported in 2009. The report showed that 26 percent of Americans are losing sleep over their mortgage or monthly rent, up 6 percentage points from 2007.