The mortgage servicer will pay at least $25 million in cash and provide some $200 million in debt relief to borrowers to resolve a range of alleged violations. But Ocwen will also be allowed to resume acquiring servicing rights in the nation's largest ... Read full article
Citigroup's decision to exit mortgage servicing by the end of 2018 is part of a long-term strategy to increase returns and sharpen the bank's focus on its core retail customers. ... Read full article
Citigroup's plans to sell a $97 billion mortgage servicing portfolio and subservice its remaining accounts highlights the growing prevalence of nondepository servicers and raises questions about how much capacity exists for these institutions to ... Read full article
Citigroup plans to exit the mortgage-servicing business by the end of 2018 to focus on making new loans. ... Read full article
Citi is close to deals to sell its customer and non-customer servicing portfolios; Wells tries to limit investor resolutions in its annual meeting proxy materials. ... Read full article
The spike in fees compensated for lower interest income. ... Read full article
The $33 billion-asset company’s net income fell 16% to $50 million year over year. ... Read full article
