Following the success of bond insurers MBIA and Assured Guaranty, Ambac finds a champion.
A 20-fold gain in just six months for an Ocwen spin-off has investors salivating at the prospect of a similar deal.
Friday's earnings call threw cold water on investor hopes.
Led by former Countrywide President Stan Kurland, PennyMac Financial Services executives know where the subprime bodies are buried.
CEO asks if anyone has anything else to discuss other than environmental issues.
Deal with insurer aimed at resolving legal dispute rather than growing revenues.
Bank of America lawyers appear to have the wind at their briefcases now as they try to wrap up the remainder of the bank's mortgage mess.
A $1.6 billion legal settlement goes to MBIA, as Bank of America takes a 4.9% stake at a big discount.
Obstacles to resolving key mortgage backed securities litigation are melting away.
The servicer modified 24,000 mortgages during the quarter.