Servicing portfolio propels Ocwen to profitability in Q1
Servicing portfolio propels Ocwen to profitability in Q1
Ocwen Financial Corporation reported a $58 million profit in the first quarter, even though it lost money in forward originations.
The post Servicing portfolio propels Ocwen to profitability in Q1 appeared first on HousingWire.
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New Residential Investment Corp.'s first quarter earnings repeat the logic of rising interest rates lowering origination profits but increasing servicing gains, as reported by companies such as Mr. Cooper and Ocwen last week.
The post Servicing portfolio gains propel Newrez Q1 profits to $690M appeared first on HousingWire.
New Residential Investment Corp.'s first quarter earnings repeat the logic of rising interest rates lowering origination profits but increasing servicing gains, as reported by companies such as Mr. Cooper and Ocwen last week.
The post Servicing portfolio gains propel Newrez Q1 profits to $690M appeared first on HousingWire.
Origination volume dropped in Q1 but banks and non-bank lenders that sold off mortgage servicing rights saw the highest profits, earnings.
The post Snapshot of lenders’ Q1 earnings: Profitable players leverage servicing portfolio against origination drop appeared first on HousingWire.
Origination volume dropped in Q1 but banks and non-bank lenders that sold off mortgage servicing rights saw the highest profits, earnings.
The post Snapshot of lenders’ Q1 earnings: Profitable players leverage servicing portfolio against origination drop appeared first on HousingWire.
Mr. Cooper's second quarter profits, which marked big declines from both the same quarter in 2021 and the previous period this year, were heavily driven by a $196 million positive mark-to-market valuation on its mortgage servicing rights.As predicted, earnings in both its servicing and originations segments were down compared with the year-ago period."The quarter was consistent with our expectations and…our results demonstrated the consistency and predictability of our business model," Chairm...
Mr. Cooper's second quarter profits, which marked big declines from both the same quarter in 2021 and the previous period this year, were heavily driven by a $196 million positive mark-to-market valuation on its mortgage servicing rights.As predicted, earnings in both its servicing and originations segments were down compared with the year-ago period."The quarter was consistent with our expectations and…our results demonstrated the consistency and predictability of our business model," Chairm...
Two years after acquiring RoundPoint Mortgage Servicing, Freedom Mortgage Corp. has inked a deal to sell the nonbank mortgage servicer to Matrix Financial Services Corp.
The post Freedom Mortgage agrees to sell RoundPoint Mortgage Servicing appeared first on HousingWire.
Two years after acquiring RoundPoint Mortgage Servicing, Freedom Mortgage Corp. has inked a deal to sell the nonbank mortgage servicer to Matrix Financial Services Corp.
The post Freedom Mortgage agrees to sell RoundPoint Mortgage Servicing appeared first on HousingWire.
Pennymac's earnings were driven by its servicing portfolio and about $520 billion in unpaid principal balance, said CEO David Spector.
The post PennyMac notches a profitable Q1 due to servicing segment appeared first on HousingWire.
Pennymac's earnings were driven by its servicing portfolio and about $520 billion in unpaid principal balance, said CEO David Spector.
The post PennyMac notches a profitable Q1 due to servicing segment appeared first on HousingWire.
Freddie Mac has named Ravi Shankar, who served at the GSE from 2013-2019, as head of its single family portfolio and servicing division.
Freddie Mac has named Ravi Shankar, who served at the GSE from 2013-2019, as head of its single family portfolio and servicing division.
The company earned $453.3 million, inclusive of a $172 million increase in the fair value of its mortgage servicing rights, but future originations and revenue are expected to decline while it plans to continue challenging market rivals on pricing.
The company earned $453.3 million, inclusive of a $172 million increase in the fair value of its mortgage servicing rights, but future originations and revenue are expected to decline while it plans to continue challenging market rivals on pricing.
Total mortgage debt outstanding rose to $4.25 trillion, according to MBA's latest report.
The post Commercial Mortgage Debt Outstanding Rises to New Record in Q1 2022 appeared first on Commercial Property Executive.
Total mortgage debt outstanding rose to $4.25 trillion, according to MBA's latest report.
The post Commercial Mortgage Debt Outstanding Rises to New Record in Q1 2022 appeared first on Commercial Property Executive.
When you use your data to track the right metrics for mortgage servicing, you are empowered by such insights to focus on the most important things for your business and provide smart scaling.
The post Opinion: Use data to scale your mortgage servicing business appeared first on HousingWire.
When you use your data to track the right metrics for mortgage servicing, you are empowered by such insights to focus on the most important things for your business and provide smart scaling.
The post Opinion: Use data to scale your mortgage servicing business appeared first on HousingWire.
Add Guild Mortgage to the list of lenders with profitability propelled by the servicing portfolio in the first quarter.
The post Guild Mortgage reports a $208M profit in Q1 appeared first on HousingWire.
Add Guild Mortgage to the list of lenders with profitability propelled by the servicing portfolio in the first quarter.
The post Guild Mortgage reports a $208M profit in Q1 appeared first on HousingWire.