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New Residential Q1 2021 earnings cover non-QM growth, future MSR buys nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.
Inman Connect Nonbank mortgage lender and servicer Ocwen Financial Corp. continues to pursue a strategy of building its loan servicing portfolio by growing the loan origination business of its subsidiary, PHH Mortgage. Ocwen last week announced that it’s acquired the correspondent lending business of Texas Capital Bank, a move that’s expected to roughly double PHH Mortgage’s correspondent lending business. The deal with Texas Capital Bank comes on the heels of a $498 million debt restructuring, and PHH Mortage’s recruitment of a new head of correspondent lending, Andy Peach, from rival Mr. Cooper. Ocwen CEO Glen Messina said in a statement that the moves “are major steps toward achieving our goal of adding at least $100 billion in new servicing in 2021.” ....
Author Bio Began my career as a trader for NYC hedge fund Elliott Management. Worked for Bear, Stearns in London as a trader, then became an analyst at several hedge funds. Currently CFO for a mortgage bank. Also author a daily blog on real estate called The Daily Tearsheet www.thedailytearsheet.com Follow @TMFBrentNyitray The current financial environment is difficult for income investors. With interest rates stuck at extremely low levels, the risk/reward proposition in government and corporate bonds is stretched. Investors looking for income might have to go to the stock market. Fortunately, there are a few with decent yields that are in a good position and many owe their good prospects to conditions in the housing market. ....
Blend files confidential statement in preparation to go public nationalmortgagenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nationalmortgagenews.com Daily Mail and Mail on Sunday newspapers.
New Residential Investment Corp. Announces Pricing of Public Offering of Common Stock wallstreet-online.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wallstreet-online.de Daily Mail and Mail on Sunday newspapers.