News for PHH Corporation (PHH)

Blend Labs, Inc. (NYSE: BLND), a leading origination platform for digital banking solutions, today announced its fourth quarter and full year 2024 financial re

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Here in Las Vegas, I asked a German girl if Germans are afraid of numbers. She said 9. Numbers are interesting, as we will find out with the declared Trump tariffs on Canada and Mexico. Do you know the difference between an American roulette wheel and a European wheel? The American version has “00.” Fans of Lucifer and numerology know that, for both, the numbers add up to 666. Like other disasters in Lahaina or the Carolinas, builders have some interesting numerical perspectives on how the “Black Swan event” of the LA County fires will impact housing stock, the permit process, and the ability to rebuild. Three thousand miles away, in Maryland, due to state government lenders are pulling out and local banks no longer lending, the latest example being PHH Correspondent: “PHH will no longer accept new locks for our Non-Agency products in the state of Maryland.” More below on yet another example of how entwined government is with lending, and how the stroke of a pen can negatively impact borrowers, lenders, and vendors. (Today’s podcast can be found here and this week’s is sponsored by Figure. 50 percent of the top IMB’s use them, and if you haven’t examined your HELOC & HELOAN strategy recently, it’s time to get on it. Hear an interview with CloudVirga’s Jessica Evett on consumers’ level of satisfaction with the mortgage process and their expectation of technology and AI throughout the process.) Broker and Banker Products, Software, and Services

Blend Labs, Inc. (NYSE: BLND), a leading origination platform for digital banking solutions, today announced a partnership with PHH Mortgage, a subsidiary of O

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Onity Group Announces Closing of $500 Million of Senior Notes Due 2029

Net income of $21 million and diluted EPS of $2.65; return on equity of 19%Adjusted pre-tax income of $35 million, resulting in adjusted pre-tax return on...

WEST PALM BEACH, Fla., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”), a leading non-bank mortgage servicer...

Onity Group Announces Pricing of $500 Million of Senior Notes Due 2029

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WEST PALM BEACH, Fla., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity”), a leading non-bank mortgage servicer and originator,...

WEST PALM BEACH, Fla., Sept. 30, 2024 (GLOBE NEWSWIRE) -- Onity Group Inc. (NYSE: ONIT) (“Onity” or the “Company”), a leading non-bank mortgage servicer...

Ocwen Financial Corporation (NYSE: OCN) Officially Rebrands as Onity Group Inc. (NYSE: ONIT)...

Net income of $30 million and diluted earnings per share of $3.74; annualized return on equity of 29%Adjusted pre-tax income of $14 million, driven by...

WEST PALM BEACH, Fla., April 24, 2024 (GLOBE NEWSWIRE) -- Ocwen Financial Corporation (NYSE: OCN) (“Ocwen” or the “Company”), a leading non-bank mortgage...

Think you can predict the future? I don’t think so. (Click on that link and think about that caption.) Some foresaw the drop in volume and income after cramming 4-6 years’ worth of production into 2020 & 2021, others were too busy funding loans to make predictions. But things have certainly changed. According to Curinos, March 2024 funded mortgage volume decreased 11 percent YoY but increased 22 percent MoM. The average 30-year conforming retail funded rate in March 2024 was 6.88, 8bps higher than February 2024 and 58bps higher than the same month last year. (Curinos sources a statistically significant data set directly from lenders to produce these benchmark figures.) (Found here, this week’s podcasts are sponsored by Loan Vision. With Loan Vision, the mortgage banking industry’s premier mortgage accounting solution, you can take your accounting department from “cost center” to “revenue generator,” operating more efficiently and profitably. Hear an interview with Lereta’s John Walsh on a recent survey that shows nearly half of respondents would be unable to pay their monthly mortgage payment if their escrow accounts increased by 25 percent.) Lender and Broker Services, Products, and Software Looking for insights to help drive your business strategy? Richey May’s 2023 Interactive HMDA Dashboard is now live! The mortgage industry experts at Richey May have scrubbed the raw 2023 Home Mortgage Disclosure Act (HMDA) data, offering a window into mortgage origination trends nationwide, and organized it into a dynamic dashboard that allows lenders to drill down on specific markets and companies to aid in strategic business planning. This dashboard allows you to compare your loan characteristics to your peers’ so you can see where you stand. Lenders will also find this dashboard valuable for identifying new markets for expansion, understanding market share trends, seeking out M&A opportunities, measuring the success of sales efforts, and more. Access the dashboard on our website today and reach out to [email protected] with any questions you may have.

Name change proposal to be submitted for approval at upcoming Annual Meeting of Shareholders New name embodies the Company’s transformation into a...