Ocwen buying portfolio of delinquent Ginnie Mae mortgages

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 · Another batch of #mortgage rights hit the market, with a $2.8 billion Fannie Mae, Freddie Mac and Ginnie Mae bulk MSR now for sale. Key features of the portfolio include a weighted average original credit score of 733 and a weighted average original loan-to-value ratio of 70%.

OCWEN CARES: Helping homeowners and communities is what we do. Ocwen Financial Corporation and its subsidiaries, PHH Mortgage and Liberty Home Equity Solutions, are committed to helping our customers save money, build equity and, most importantly, stay in their homes.

Benjamin Lawsky, New York’s first Superintendent of Financial Services, is wading further into the muck that is Ocwen Financial Corporation’s (NYSE: OCN) mortgage servicing practices. On Monday.

Housing Wire – "Redefault Rates Tragic’, Says Amherst" (1-11-09) "According to amherst securities group, default and prepayment rates on non-agency, private-label mortgage-backed securities (MBS) were constant in.Ocwen buying portfolio of delinquent Ginnie Mae mortgages ATLANTA, Dec. 12, 2014 (GLOBE NEWSWIRE) – Ocwen Financial.

 · * The long-term mortgage portfolio segment pretax loss increased to $4.6 million for the three months ended June 30, 2013, compared to a loss of.

MCLEAN, VA–(Marketwired – May 26, 2015) – Freddie Mac (otcqb: fmcc) today announced that on May 21 st it sold via auction 1,052 deeply delinquent Ocwen serviced non-performing loans (NPLs) from its mortgage investment portfolio as part of its Standard Pool Offerings (SPO). The loans have an aggregate unpaid principal balance (UPB) of $201 million.

It is daunting though. there is a huge backlog at Ginnie Mae and. off of Ocwen Financial (NYSE:OCN). Having read the prospectus, it appears that Home Loan Servicing Solutions will be a income.

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Last Friday (12/12/2014) Ocwen (OCN) announced the purchase of $253mm Ginnie Mae early buyout (EBO) loans. On the surface this looks like good news as it appears that OCN is back on their feet doing business again. Reading between the lines, I see this as a confession that they lack liquidity. 1) The company was obligated to buy those loans.

Home >> News >> Origination >> ocwen wins auction to Buy Out ResCap Portfolio. Mae, Freddie Mac, or Ginnie Mae. Walter Investment Management will acquire the Fannie Mae mortgage servicing.

RealtyTrac reports foreclosure filings rise 3% in January The latest figure is also down 36 percent from 2010, when foreclosure filings peaked. But while the picture looked positive nationwide, the foreclosure tracking firm found that that wasn’t the.

 · Ocwen is now planning a $2.5 billion bid for ResCap’s mortgage-servicing rights (MSRs) in collaboration with Walter Investment.