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  • Ocwen9.15-0.10 -1.08%
  • Zillow109.9899-1.6801 -1.50%
  • Trulia0.00N/A N/A
  • NationStar26.51-0.44 -1.63%
  • CoreLogic33.56-0.06 -0.18%
  • RE/MAX32.75+0.01 +0.03%
  • Fannie Mae3.01-0.02 -0.66%
  • Freddie Mac2.86-0.05 -1.72%
  • Wells Fargo54.95-0.50 -0.90%
  • CitiMortgage53.4222-0.3078 -0.57%
  • Bank of America15.91-0.08 -0.50%
  • Fidelity National Financial36.11-0.19 -0.52%
  • First American34.82-0.19 -0.54%
  • AUDUSD=X0.7815N/A N/A
  • USDJPY=X119.6605N/A N/A
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Home | News | Secondary Market

Delinquency Rates Falling on Fannie Mae-Backed Mortgage Loans

fanniemae

The delinquency rate on residential mortgage loans backed by Fannie Mae declined across the board in 2014 due to a number of reasons that include foreclosure alternatives, home retention solutions, completed foreclosures, improved loan payment performance, and acquisitions of loans with stronger credit profiles, according to Fannie Mae's recently released annual report.

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Real Estate Investor Acquires Mortgage Servicer for $1.3 Billion

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New Residential Investment Corp. and Home Loan Servicing Solutions Ltd. announced a definitive merger agreement on Sunday. The merger agreement sets for New Residential to acquire all of the outstanding shares of HLSS for $18.25 per share in cash, totaling approximately $1.3 billion. The purchase price represents a 9 percent premium to HLSS' closing price of $16.76 on February 20.

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Ocwen Announces Intention to Sell MSR Portfolio Worth $9.8 Billion to Nationstar

Money

Ocwen Loan Servicing, a subsidiary of Ocwen Financial Corporation, intends to sell the mortgage servicing rights (MSR) on a portfolio of performing loans owned by Freddie Mac with a total principal balance of about $9.8 billion to Nationstar Mortgage, a subsidiary of Nationstar Mortgage Holdings, according to an announcement from Ocwen Financial on Monday morning. There are approximately 81,000 loans in the portfolio involved in the transaction, according to Ocwen's announcement.

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Bank of America Provides Nearly $9 Million in Consumer Relief Toward Settlement Obligation

BankofAmerica

Bank of America has begun the process of paying out $7 billion in consumer relief as part of its record $16.65 billion settlement with the U.S. Department of Justice and six states last August, according to an announcement on the settlement monitor's website. Professor Eric D. Green, independent monitor of the settlement, announced in his initial progress report since the settlement was reached six months ago that Bank of America had correctly claimed credit of approximately $8.94 million for 100 first-lien loan modifications meant to help make mortgages more affordable for struggling homeowners

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