Flagstar's move to diversify beyond mortgages pays off
Despite an overall weak mortgage originations market, Flagstar Bancorp's third-quarter earnings grew 20%, due in large part to its ongoing efforts to diversify operations. ... Read full article
News Topic: Subservicing
Search Results
3 conditions before Ocwen and PHH are clear to close
From investor angst to regulatory scrutiny, here's a look at three obstacles that must be addressed before Ocwen Financial can acquire PHH Mortgage. ... Read full article
How Ocwen plans to rebuild servicing scale with PHH deal
Ocwen Financial Corp.'s acquisition of PHH Corp. will help the nonbank servicer rebuild scale that's been diminished by years of regulatory restrictions and the decline in distressed mortgage volume brought about by improvements in the overall ... Read full article
3 reasons why Ocwen Financial is buying PHH Mortgage
From accelerating its subservicing transformation to overcoming regulatory obstacles, here's a look at three reasons behind Ocwen Financial Corp.'s $360 million acquisition of PHH Corp. ... Read full article
PHH Mortgage to pay $45M to settle robosigning allegations by 49 states
PHH Corp. agreed to a $45 million settlement to resolve allegations from 49 states and the District of Columbia that it engaged in "foreclosure process abuses" involving "inconsistent signatures" in its servicing business from 2009 to ... 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
To keep Ocwen 'healthy,' its top client may buy a 5% stake
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. ... Read full article
How Ocwen's regulatory woes could help rival Nationstar
The onslaught of regulatory actions against Ocwen may open the door for Nationstar to pick up a massive subservicing portfolio from the beleaguered servicer. ... Read full article
Citi names Chubak to head consumer retail banking and mortgage
Citi has named David Chubak as head of global retail banking and mortgage for the global consumer bank, replacing Jonathan Larsen, who resigned late last year. ... Read full article