Consumer lending unit draws PE interest
Warburg Pincus has agreed to buy a majority stake in a mortgage and consumer loan origination and servicing platform owned by Fiserv. ... Read full article
News Topic: MSR
Search Results
Flagstar takes a fourth-quarter loss because of tax reform
Flagstar Bancorp swung to a fourth-quarter loss as the company took an $80 million noncash charge to earnings because of the tax reform bill. ... Read full article
Higher costs, MSR loss weigh down Flagstar's quarterly results
The Michigan company's third-quarter results were down slightly from a year earlier despite increased commercial lending and a wider net interest margin. ... Read full article
Texas Capital's 3Q profit surges on loan growth and higher rates
The Dallas company reported a 40% increase in net income from the same period in 2016. ... Read full article
B of A beefs up rep and warrant reserves ahead of mortgage settlement
Bank of America set aside $100 million in its reserves for representation and warranty claims ahead of a pending settlement to resolve legacy mortgage issues. ... Read full article
Ocwen settles servicing lawsuit with 10 states
Ocwen Financial reached a settlement with 10 states where it can't acquire servicing rights for eight months but it will not face any financial penalties. ... Read full article
Wells Fargo acquires $51 billion in mortgage servicing rights
The portfolio of conforming loans is currently being subserviced by Nationstar Mortgage Holdings on behalf of Seneca Mortgage Investments. ... Read full article
Finding the right size for servicers
Servicers of all sizes must comply with increasingly detailed rules ... Read full article