Freddie Mac has begun an auction of delinquent nonperforming loans serviced by Ocwen Financial.
The GSE is auctioning a
Bids on the NPLs are due Sept. 5 and the sale is expected to close in October.
Credit Suisse, Wells Fargo and First Financial Network are advising Freddie Mac on the sale.
Consumers are meanwhile filing objections to the near $1 billion in settlements from the nation's largest brokerages ahead of a November court approval.
For the eighth consecutive quarter, ICE Mortgage Technology lost money on a GAAP basis. Using a pro forma calculation involving Black Knight, operating income increased from a year ago.
Nerdwallet purchased Next Door Lending for $1 million, SEC filings show.
The Federal Housing Administration wants to allow part-time underwriters to guarantee loans in its FHA Title II forward and HECM programs.
Mortgage rates rose for the fifth consecutive week, to their highest level since August, although they remain more than a full percentage point lower than one year ago.
The government-sponsored enterprise's single-family loan purchases hit a high for the year, but benefits in other areas were lower than in comparable periods.
