Ocwen Financial – once deemed the fastest-growing residential servicer in the nation – is now facing huge shrinkage and is undergoing what some analysts and investment bankers are now calling a managed or “controlled” liquidation. The questions facing investors and business partners of the company is how fast can Ocwen shrink and what will be left for shareholders other than a pile of cash. “This could be...

Kevin Watters said Chase has reduced its mortgage staffing levels due to declines in originations and improvements in mortgage performance.

Experian led the pack in terms of complaints with a cumulative total of 15,847.

One of the biggest knocks on PHH Mortgage is that it has little in the way of traditional retail, relying instead on private label partners like Merrill Lynch.

PennyMac Loan Services, the only nonbank to rank among the top five, had one of the strongest growth rates with 56.7 percent.

A veteran of Bank of America, GE Capital and other financial service firms, Williams said he hopes to unveil 10 Mile’s first investment in April.

In recent years, Redwood has focused on jumbo mortgages but the REIT is now placing a greater emphasis on conforming loans.

Meanwhile, investors are beginning to focus on some of the contractual language in the sale agreement between New Residential Investment Corp., and Home Loan Servicing Solutions...

We understand from one very good source that a top 30-ranked lender has been quietly trimming staff of late….

New Residential will pay roughly $18.25 a share for HLSS, valuing the deal at $1.3 billion.