Ocwen, Walter Make Waves With $3 billion ResCap Servicing Bid

Ocwen Loan Servicing, LLC, and Walter Investment Management Corp. were awarded the winning the bid for Residential Capital’s mortgage servicing and origination platform assets at auction this week. The bid, with a purchase price of $3 billion, is subject to documentation and Bankruptcy Court approval. With this acquisition, Ocwen will become at least the fifth-largest U.S. mortgage […]

NRMLA Outlines Most Immediate CFPB Reverse Mortgage Concerns, More to Follow

While the Consumer Financial Protection Bureau has yet to do much in the way of reverse mortgage examination or enforcement, the agency will be making an impact on the industry now that it has its full authority, representatives from the National Reverse Mortgage Lenders Association told attendees of a webinar Tuesday. “Now that it has […]