Mortgage servicer

Two Harbors Investment Corp. Announces Earnings Release and Conference Call for Second Quarter 2021 Financial Results

Retrieved on: 
Wednesday, July 14, 2021
Construction & Property, Professional services, REIT, Finance, Structured finance, Mortgage-backed security, Finance, Financial markets, United States housing bubble, Money, Mortgage industry of the United States, Fixed-income securities, Mortgage servicer, Residential mortgage-backed security, Mortgage loan, American Home Mortgage

Two Harbors Investment Corp. (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, announced today that it will release financial results for the quarter ended June 30, 2021 after market close on August 4, 2021.

Key Points: 
  • Two Harbors Investment Corp. (NYSE: TWO), an Agency + MSR mortgage real estate investment trust, announced today that it will release financial results for the quarter ended June 30, 2021 after market close on August 4, 2021.
  • The company will host a conference call to review the financial results on August 5, 2021 at 9:00 a.m.
  • To participate in the teleconference, please call toll-free (877) 502-7185 approximately 10 minutes prior to the above start time.
  • Two Harbors Investment Corp., a Maryland corporation, is an internally managed real estate investment trust that invests in residential mortgage-backed securities, mortgage servicing rights and other financial assets.

Two Harbors Investment Corp. Announces Pricing of Public Offering of Common Stock

Retrieved on: 
Tuesday, July 13, 2021
Construction & Property, REIT, Loans, Money, Finance, United States housing bubble, Communication, Forward-looking statement, Economy, Mortgage loan, Mortgage servicer, Mortgage-backed security, Loan servicing

Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, targets, expectations, anticipations, assumptions, estimates, intentions and future performance.

Key Points: 
  • Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, targets, expectations, anticipations, assumptions, estimates, intentions and future performance.
  • The forward-looking statements made in this release include, but may not be limited to, expectations regarding the use of proceeds from the offering.
  • All written or oral forward-looking statements that we make, or that are attributable to us, are expressly qualified by this cautionary notice.
  • Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in residential mortgage-backed securities, mortgage servicing rights and other financial assets.

Two Harbors Investment Corp. Announces Public Offering of Common Stock

Retrieved on: 
Monday, July 12, 2021
REIT, Finance, Professional services, Residential Building & Real Estate, Construction & Property, Loans, Money, Finance, United States housing bubble, Communication, Forward-looking statement, Economy, Mortgage loan, Mortgage servicer, Mortgage-backed security, Loan servicing

Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, targets, expectations, anticipations, assumptions, estimates, intentions and future performance.

Key Points: 
  • Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, targets, expectations, anticipations, assumptions, estimates, intentions and future performance.
  • The forward-looking statements made in this release include, but may not be limited to, expectations regarding the use of proceeds from the offering.
  • All written or oral forward-looking statements that we make, or that are attributable to us, are expressly qualified by this cautionary notice.
  • Two Harbors Investment Corp., a Maryland corporation, is a real estate investment trust that invests in residential mortgage-backed securities, mortgage servicing rights and other financial assets.

Ocwen Financial Announces Agreement With Reverse Mortgage Solutions to Acquire Reverse Mortgage Servicing Platform

Ocwen, Mortgage, Loans, Money, Finance, PHH Corporation, Financial services, Loan servicing, Mortgage loan, Mortgage servicer, Reverse mortgage

WEST PALM BEACH, Fla., June 18, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (Ocwen or the Company), a leading non-bank mortgage servicer and originator, today announced that its wholly-owned subsidiary, PHH Mortgage Corporation (PHH), has entered into an agreement with Reverse Mortgage Solutions, Inc. (RMS) and its parent, Mortgage Assets Management, LLC (MAM), to acquire substantially all of the operations, assets and employees of the RMS reverse mortgage servicing platform.

Key Points: 
  • WEST PALM BEACH, Fla., June 18, 2021 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (Ocwen or the Company), a leading non-bank mortgage servicer and originator, today announced that its wholly-owned subsidiary, PHH Mortgage Corporation (PHH), has entered into an agreement with Reverse Mortgage Solutions, Inc. (RMS) and its parent, Mortgage Assets Management, LLC (MAM), to acquire substantially all of the operations, assets and employees of the RMS reverse mortgage servicing platform.
  • Glen A. Messina, President and CEO of Ocwen, said, We are very pleased to announce the proposed acquisition of the RMS reverse mortgage servicing and REO platforms.
  • The acquisition is expected to double our reverse servicing/subservicing portfolio and will provide us with a high-quality reverse servicing platform, experienced people and customized reverse technology.
  • Ocwen Financial Corporation (NYSE: OCN) is a leading non-bank mortgage servicer and originator providing solutions through its primary brands, PHH Mortgage and Liberty Reverse Mortgage.

Martin Foster Joins Cenlar as Senior Vice President of Servicing Operations

Retrieved on: 
Tuesday, June 15, 2021
Consulting, Banking, Professional services, Finance, Finance, Money, Banks, Mortgage bank, Economy, Mortgage servicer, Mortgage loan, PHH Corporation, Great Recession in the United States, Mortgage broker, Bank of America Home Loans

Cenlar FSB, the nations leading mortgage loan subservicer and federally chartered wholesale bank, announced today that Martin Marty Foster, a 35-year veteran in the mortgage banking industry, has joined the company as Senior Vice President of Servicing Operations.

Key Points: 
  • Cenlar FSB, the nations leading mortgage loan subservicer and federally chartered wholesale bank, announced today that Martin Marty Foster, a 35-year veteran in the mortgage banking industry, has joined the company as Senior Vice President of Servicing Operations.
  • With his extensive knowledge and experience in every aspect of the mortgage banking industry, he is a great addition to our talented team, said Rob Lux, Executive Vice President and Chief Operating Officer at Cenlar.
  • Prior to joining Cenlar, Marty was Senior Vice President of Servicing and Post Closing at PHH Mortgage where he directed the mortgage servicing and post-closing operation across multiple sites.
  • At Cenlar, I want to enhance the execution in operations to drive more client satisfaction while ensuring regulatory and compliance requirements are met.

PennyMac Financial Services, Inc. Announces Update for Investor Day on June 17, 2021

Retrieved on: 
Thursday, June 10, 2021
Finance, Banking, Other Construction & Property, Professional services, Construction & Property, PennyMac Financial Services, Service companies, Loans, Finance, New York Stock Exchange, Mortgage loan, Mortgage servicer, Money, Mortgage-backed security

PennyMac Financial Services, Inc. (NYSE: PFSI) today announced an update regarding its combined virtual Investor Day with PennyMac Mortgage Investment Trust (NYSE: PMT) on Thursday, June 17, 2021.

Key Points: 
  • PennyMac Financial Services, Inc. (NYSE: PFSI) today announced an update regarding its combined virtual Investor Day with PennyMac Mortgage Investment Trust (NYSE: PMT) on Thursday, June 17, 2021.
  • Registration for the event is now open and available on the Companys investor relations website at www.ir.pennymacfinancial.com .
  • The Investor Day will include presentations from a diverse group of senior executives across both companies and multiple question and answer sessions.
  • As of March 31, 2021, PennyMac Financial serviced loans totaling $449 billion in unpaid principal balance, making it the sixth largest mortgage servicer in the nation.

Brace’s Embedded Digital Mortgage Servicing Experience Delivers Results Ahead of Expected Surge in Demand

Retrieved on: 
Wednesday, June 9, 2021
Professional services, Data management, Technology, Residential Building & Real Estate, Finance, Construction & Property, Internet, Articles, Mortgage, Finance, Money, Loan servicing, Loans, Mortgage servicer, United States housing bubble, Digital transformation, Predatory mortgage servicing, Mr. Cooper

Brace , a modern, cloud-based mortgage servicing experience, is leading the digital transformation through its streamlined solutions.

Key Points: 
  • Brace , a modern, cloud-based mortgage servicing experience, is leading the digital transformation through its streamlined solutions.
  • Driven by consumer demand and accelerated by COVID-19, the mortgage origination industry saw a large increase in the adoption of digital solutions.
  • This need for digital transparency, both for purchase and refinance home loans, and ease of use is now quickly moving into mortgage servicing.
  • Process digitization will enable servicers to reduce paperwork and simplify the process for a better, faster consumer experience.

AHP Servicing Announces New Chief Information Officer Erick Bryant

Retrieved on: 
Thursday, June 3, 2021
Loans, Money, Finance, Mortgage, Loan servicing, Mortgage servicer, Servicing, Mortgage loan, Economy

CHICAGO, June 3, 2021 /PRNewswire/ --AHPServicing (AHP), a nationwide servicer of non-performing residential mortgages, announced today that Erick Bryant has joined the company as Chief Information Officer.

Key Points: 
  • CHICAGO, June 3, 2021 /PRNewswire/ --AHPServicing (AHP), a nationwide servicer of non-performing residential mortgages, announced today that Erick Bryant has joined the company as Chief Information Officer.
  • "We are thrilled to add Erick to our team," said Jorge Newbery, AHP Servicing Founder and Chief Executive Officer.
  • "His extensive experience in IT solutions and strong leadership qualities will add tremendous value to AHP Servicing."
  • AHP Servicing is the nation's first socially responsible mortgage servicer, focused on achieving consensual solutions which benefit both borrowers and mortgage holders.

Quinte Financial Technologies Will Assist Banks and Credit Unions In Response to the Consumer Financial Protection Bureau's Anticipated "Tidal Wave" of Mortgage Foreclosures

Retrieved on: 
Tuesday, May 18, 2021
Consumer Financial Protection Bureau, Corporate crime, Mortgage servicer

No one should be surprised by what is coming.

Key Points: 
  • No one should be surprised by what is coming.
  • "\nEarlier this month, the CFPB also issued a complaint bulletin citing 3,400 consumer complaints in March 2021, representing the greatest monthly complaint volume in nearly three years.
  • Many mortgage servicers either do not currently have the internal resources, or have time and resources to hire and properly train staff to address the increased demand.
  • The CFPB has warned servicers that "we will hold accountable those who cause harm to homeowners and families."\nMr.

KBRA Assigns Preliminary Ratings to NRZ MSR-Collateralized Notes, Series 2021-FNT2

Retrieved on: 
Thursday, May 13, 2021
Banking, Professional services, Finance, Mortgage industry of the United States, Loan servicing, Loans, Mortgage, Finance, Fannie Mae, Credit rating agency, Mortgage servicer, Money, Economy of the United States, United States housing bubble

b'Kroll Bond Rating Agency (KBRA) assigns a preliminary rating of \xe2\x80\x98BBB- (sf)\xe2\x80\x99 to the Series 2021-FNT2 Term Notes from NRZ MSR-COLLATERALIZED NOTES, New Residential Mortgage LLC (NRM) and NRZ FNT Excess LLC\xe2\x80\x99s issuance pursuant to a Master Credit Agreement backed by mortgage servicing rights (MSRs) including servicing fees, aggregate excess spread and float pledged by the issuers to the Collateral Agent in support of the issuers\xe2\x80\x99 payment obligations.

Key Points: 
  • b'Kroll Bond Rating Agency (KBRA) assigns a preliminary rating of \xe2\x80\x98BBB- (sf)\xe2\x80\x99 to the Series 2021-FNT2 Term Notes from NRZ MSR-COLLATERALIZED NOTES, New Residential Mortgage LLC (NRM) and NRZ FNT Excess LLC\xe2\x80\x99s issuance pursuant to a Master Credit Agreement backed by mortgage servicing rights (MSRs) including servicing fees, aggregate excess spread and float pledged by the issuers to the Collateral Agent in support of the issuers\xe2\x80\x99 payment obligations.
  • The MSRs are related to Fannie Mae-owned mortgage loans that are serviced by NRM pursuant to a servicing agreement between NRM and Fannie Mae.\nKBRA\xe2\x80\x99s rating on the Series 2021-FNT2 Term Notes is primarily dependent on the credit rating of NRZ (KBRA Rating: BB+/Negative) as Guarantor in support of the Issuers\xe2\x80\x99 payment obligations and rights to MSRs granted by Fannie Mae to the Issuers, with certain transaction features described more fully in KBRA\xe2\x80\x99s presale report providing one notch uplift on the rating of the notes.
  • Generally, these transaction features are factors that KBRA believes reduce the risk of servicer termination by Fannie Mae which include but are not limited to (i) the pre-existing relationship between Fannie Mae, the Servicer and Subservicers, (ii) a tri-party acknowledgement agreement which includes NRZ, Fannie Mae, and the Collateral Agent (iii) collateral coverage triggers to pay down notes or add collateral as applicable, and (iv) the diversity of subservicers available to undertake direct servicing responsibilities on the FNMA portfolio backing the term note issuances.\nKBRA analyzed the transaction using its Finance Company Rating Methodology (November 28, 2017), Corporate Instrument Notching Global Methodology (September 9, 2020), and also relied on its Global Structured Finance Counterparty Methodology (August 8, 2018) for assessing counterparty risk in this transaction, to the extent deemed applicable.\nClick here to view the report.
  • To access ratings and relevant documents, click here .\n'