Headlines

Ocwen's shares are finally starting to recover since the CFPB and 21 states filed suit against it last month. Following an announcement that New Residential Corporation will acquire Ocwen's mortgage servicing rights, the company's stock rose 46 percent at one point, reaching $3.32 at its highest. Ocwen's shares had dropped more than 50 percent after April's legal allegations.

Lenders One Cooperative, a national alliance of mortgage professionals, announced Tuesday the addition of Matthew T. Orlando as VP of National Programs. Lenders One, which is managed by a subsidiary of Altisource Portfolio Solutions, is comprised of mortgage lenders, bankers, and product and service providers.

ATTOM Data Solutions, a national property database, and Auction.com, an online real estate marketplace, announced Tuesday that Home Disclosure Reports created by ATTOM Data will be available for all properties for sale on Auction.com.

A new report suggests that business analysts play a vital role in lender success. But finding mortgage-savvy ones? That’s not always easy. Lenders should take action to develop BA candidates internally for best results. / According to a new report, business analysts are crucial to a lender’s success. But a “dearth” in the industry makes mortgage-savvy BA candidates hard to find. In most cases, developing BAs internally is the best course of action for a lender.

Fifth Third Bancorp announced John Adam will join Fifth Third Mortgage as National Sales Leader and will aid in the company’s community commitment.

Student loans are a heavy burden on young adults, and some may find it hard to buy a home with that weight hanging over them. A report from Lendedu attempted to ease this burden with a ranking of U.S. cities where student loan repayment is easiest. The New York Fed noted that student loan debt has begun to level off, though still remain at a high level. These new homeowners may find it easiest to buy a home in Mount Sterling, Illinois, which sits at the top of Lendedu’s list

In an interview with Fox Business on Monday, Secretary of the Treasury Steven Mnuchin said he is committed to GSE reform—and that it might not include privatizing Fannie or Freddie. The main goal of the Trump administration, according to Mnuchin, is to provide "ample credit for housing" without putting taxpayers at risk. On the fate of the GSE's, Mnuchin said, "We’re committed to not leaving them as-is for the next four years." Mnuchin also discussed the Freedom of Information Act allowed GSE funds to be relocated toward other parts of the government—including the Affordable Care Act—without public knowledge.

LenderLive, a mortgage services provider, announced last week the addition of two new vice presidents to its settlement services division. Industry veterans David Tiberio and George Schultz join LenderLive as VPs of National Sales for the Denver, Colorado-based company.

Texas Capital Bank announced that Gary Ort, who has played an integral role in the bank for the past decade and currently serves as President of the Mortgage Finance Division, will retire in June. Jack Nunnery, currently serving as Director of Correspondent Lending, will take over as President of the Mortgage Finance Division.

Mortgage Capital Trading, Inc., a risk management and advisory services firm focused the secondary mortgage market, announced last week it hired Cara Krause to serve as Regional Sales Director for the Northeast.