COOP News and Press, Mr. Cooper Group Inc. From 04/26/20

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The federal agency that oversees Fannie Mae ( OTCQB:FNMA -5.0% ) and Freddie Mac ( OTCQB:FMCC -4.8% ) limits mortgage servicers' advance obligations for loans in forbearance to four months. More news on: Federal National Mortgage Association, Freddie Mac, New Residential Investment C...

Mr. Cooper Group Inc. (NASDAQ: COOP) will discuss its financial results for the first quarter 2020 on Thursday, April 30, 2020 at 9:00 A.M. Eastern Time. A copy of the press release and investor presentation will be posted prior to the call under the investors section on Mr. Cooper Group ...

More than 2.9M homeowners , representing ~5.5% of all mortgages, are in COVID-19 related forbearance plans, estimates Black Knight ( BKI +0.6% ). More news on: Black Knight, Inc., New Residential Investment Corp., Mr. Cooper Group Inc., News on the U.S. economy, Financial stocks news, ...

As mortgage servicers get deluged with requests to delay monthly mortgage payments, one of the housing industry's top regulators denies that those servicers need help. More news on: New Residential Investment Corp., Ocwen Financial Corporation, Mr. Cooper Group Inc., Financial stocks new...

Federal Housing Finance Agency Director Mark Calabria said has plans to address concerns raised by the mortgage industry over servicers' ability to handle rising forbearance, but it's not a liquidity facility, reports HousingWire. More news on: Federal National Mortgage Association, Fred...

As unemployment rises due to efforts to slow the spread of the coronavirus, the number of homeowners appealing to mortgage companies for more time to pay has soared  in recent weeks, according to data from the Mortgage Bankers Association. More news on: iShares Mortgage Real Estate C...

Among investors looking to buy distressed mortgage-related assets on the cheap are Paul Singer's Elliott Management, David Tepper's Appaloosa Management, Leon Black's Apollo Global (NYSE: APO ), and Howard Marks' Oaktree Capital (NYSE: OAK ), according to a Bloomberg report . More news on...

One of the most important steps in evaluating mortgage REITs is finding the price to book value ratios. Using the mortgage REITs' book value gives us an idea for the general range where the mortgage REIT should trade. We expect that all mortgage REITs holding similar assets will generally be...

A broad group of those involved in the mortgage industry over the weekend called on the FHFA, the Fed, and Treasury to put in place a liquidity facility for the mortgage servicers. More news on: Mr. Cooper Group Inc., New Residential Investment Corp., PennyMac Financial Services, Inc., ...