Tag Archives: Nonbank servicers

The first quarter this year was not kind to non-bank mortgage servicers, earnings-wise. In the last couple of weeks, the industry has seen that the second quarter has not been so great, either.

Legal expenses stemming from the Fisher cases cut into Ocwen's second quarter earnings.

Nonbank servicers are now servicing nearly a quarter of all residential mortgage loans in the country. What does the Government Accountability Office recommend should be done to increase government oversight of nonbank servicers?

With the regulatory turbulence of 2014 largely behind them, Ocwen still had a tough year financially in 2015.