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Tag Archives: mortgage servicing rights

Collingwood’s Tim Rood: Moving Mortgage Forward

Tim Rood is the Co-Founder and Chairman of the Collingwood Group, a Washington, D.C.-based advocacy group for the housing and mortgage industries. Collingwood works to identify and secure business opportunities with the federal government and the GSEs; helps financial services ...

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Collingwood Webinar Breaks Down 2018 Mortgage Trends

On Friday, February 9, MountainView Financial Solutions presented its monthly mortgage servicing rights (MSR) seminar, featuring Tim Rood, Chairman of The Collingwood Group, LLC. Rood presented a webinar entitled “Rightsizing Your Mortgage Business for 2018: Planning for the Uncertainties.” If ...

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Ocwen Shares Reach Peak Point

Ocwen is finally getting some good news. The servicer's stock has spiked since a recent acquisition announcement by New Residential Corporation, which will purchase a portion of Ocwen’s mortgage servicing rights for the next five years. Ocwen stock rose as high as 46 percent following the announcement, reaching $3.32 per share at its peak.

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Ocwen Enjoys Favorable Week With Wells Fargo Outcome

Thursday's outcome of the Wells Fargo vote stood in contrast to what happened in February, when Wells Fargo bondholders ousted Ocwen from two mortgage servicing deals after a downgrade of Ocwen's ratings.

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Ocwen To Use Money From MSR Sales to Pay Part of Senior Secured Term Loan

One month later, Ocwen announced that they were selling another MSR portfolio with $25 billion in UPB to Nationstar Mortgage. Together, the two MSR deals between Ocwen and Nationstar included about 223,000 residential mortgage loans with $34.8 billion in UPB.

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Ocwen Reacts to Recent Actions By Credit Ratings Agencies

Ocwen Financial Corp. reacted to the recent developments in the last week that included a ratings upgrade from Moody's and being placed Standard & Poor's CreditWatch list for a downgrade, with a press release on Friday in which the company's president and CEO praised the company's progress and said he was "surprised" by S&P's move.

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Agency MSR Deal Worth $45 Billion Finalized Between Chase, Ocwen

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Ocwen first announced on March 2 it had signed a letter of intent to sell the the $45 billion portfolio, which includes about 266,000 high-quality Fannie Mae loans, to an anonymous buyer. Media reports that surfaced later that week indicated that the buyer was Chase, which was confirmed on Thursday by both parties in the transaction. For Chase, purchasing the high-quality Agency loans is consistent with the New York-based bank's strategy of enhancing the quality of its mortgage business.

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RoundPoint Expects Substantial MSR Purchase Growth to Continue in 2015

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Charlotte, North Carolina-based RoundPoint Mortgage Servicing Corporation has announced that the firm's co-issue mortgage servicing rights (MSR) purchases grew year-over-year by 257 percent in 2014. The growth has continued into the first quarter of 2015 and management expects that growth to continue throughout the year.

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