PHH has retained Credit Suisse Securities and J.P. Morgan as financial advisors and Jones Day as legal advisor “to assist in the process.”

Among the top 10 non-agency jumbo mortgage producers in 2015 just two are nonbanks: PHH Mortgage and Redwood Trust.

In some quarters, experts wonder how much more nonbanks can grow given capital concerns and interest rate volatility.

D’Urso is the second top executive to leave Clayton over the past six months. Another key departure came this past fall when Tom Donatacci left...

Sources close to D’Urso said his termination by Radian was a “total surprise” to him as well.

PHH has been losing money and so far this year its stock price has been hammered.

How well the nonbanks have done with regulators – and dealing with volatile interest rate swings – is best looked at through the prism of their share prices. And in that regard, Ocwen Financial has suffered the most, easily.

The market had largely abandoned risky lending products before the QM rule ever kicked in…

Early last year PIMCO still had designs on RoundPoint Mortgage, Charlotte, which ranks 23rd among residential servicers, according to a tally from Inside Mortgage Finance.

Fannie Mae found that lenders’ profit margin outlook fell steadily throughout 2015 after peaking in the first quarter, even with a strong job market and low interest rates.