Mortgage servicing

Ocwen agrees to big penalties to resume business in California

02/17/17

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 state.

[more]

Citi's servicing exit tips the scale toward nonbanks

01/30/17

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 absorb more large deals.

[more]

Citi continues to simplify, shrink with mortgage servicing exit

01/30/17

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.

[more]

Citigroup to exit mortgage servicing, sell $97B portfolio

01/30/17

Citigroup plans to exit the mortgage-servicing business by the end of 2018 to focus on making new loans.

[more]

Citigroup exiting mortgage servicing; Wells looks to muffle shareholders

01/30/17

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.

[more]

Umpqua’s 4Q profits jump 10% on higher fees

01/25/17

The spike in fees compensated for lower interest income.

[more]

BOK Financial earnings fall on MSR hedge decline, other costs

01/25/17

The $33 billion-asset company’s net income fell 16% to $50 million year over year.

[more]