The pilot program will be offered to roughly 500 distressed homeowners to keep them in their homes.
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One other ingredient critical to Nationstar's meteoric rise is a deal it struck with Fannie Mae at the height of the mortgage servicing crisis.
October 3 -
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Brean Capital has continued its expansion into fixed-income products by hiring Scott Buchta as head of fixed-income strategy.
October 3 -
The market for U.S. credit card ABS hit two milestones during September, both encouraging signs for the asset class.
October 3 -
This morning the Mortgage Bankers Association reported a 19.6% surge in the Refinance Index to 5888 in the week ending Sept. 28, its highest level since April 2009.
October 3
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Residential Capital (should be barred from selling its loan servicing unit until it provides more information about the deal, investors who bought ResCap mortgages said in court papers.
October 3 -
Zillow, the real estate Web site, fell yesterday after the SEC asked the company to respond to questions about how it reported revenue.
October 3 -
Ocwen Financial Corp. and private equity firm WL Ross & Co. agreed on Oct. 3 that Ocwen will buy Homeward Residential Holdings.
October 3 -
The increased pace of loan resolutions for smaller loans is pushing the total delinquency rate lower, FTN Financial analysts said in a report released yesterday.
October 3 -
New York Attorney General (NYAG) Eric Schneiderman made clear Tuesday that investigators are prepared to bring more actions against institutions involved in the mortgage mess.
October 2 -
The data analytics firm reported that U.S. marketed ABS volume has reached $155.9 billion year-to-date, rising 78% from the same period last year and is the highest year-to-date volume since 2007..
October 2 -
An Oct. 1 8-K regulatory filing with the SEC stated that Maguire has lost the deed to Los Angeles office tower Two California Plaza. The company has defaulted on a loan in GSMS 2007-GG10.
October 2