MSR

Consumer lending unit draws PE interest

02/07/18

Warburg Pincus has agreed to buy a majority stake in a mortgage and consumer loan origination and servicing platform owned by Fiserv.

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Flagstar takes a fourth-quarter loss because of tax reform

01/23/18

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.

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Higher costs, MSR loss weigh down Flagstar's quarterly results

10/24/17

The Michigan company's third-quarter results were down slightly from a year earlier despite increased commercial lending and a wider net interest margin.

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Texas Capital's 3Q profit surges on loan growth and higher rates

10/18/17

The Dallas company reported a 40% increase in net income from the same period in 2016.

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B of A beefs up rep and warrant reserves ahead of mortgage settlement

10/13/17

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.

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Ocwen settles servicing lawsuit with 10 states

09/29/17

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.

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Wells Fargo acquires $51 billion in mortgage servicing rights

09/07/17

The portfolio of conforming loans is currently being subserviced by Nationstar Mortgage Holdings on behalf of Seneca Mortgage Investments.

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Finding the right size for servicers

08/02/17

Servicers of all sizes must comply with increasingly detailed rules

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