In an attempt to show it went all out to help struggling homeowners, the embattled mortgage servicer Ocwen Financial provided an unusual level of detail about foreclosures it says regulators have deemed "inappropriate."
In an echo of the rescue deals of 2007 and 2008, New Residential's CEO framed the transaction as something undertaken to benefit the entire industry.
Growth outside of its residential mortgage business contributed to Flagstar Bank beating first-quarter earnings estimates, company executives said.
Ocwen Financial is a step closer to the day when it can resume purchases of mortgage servicing rights.
Caliber will also buy about $36 million of mortgage-servicing rights in a deal that is expected to close at the end of March.
