The acquisition boosts Planet Home’s servicing portfolio to $94 billion.

BNC National Bank sold its consumer direct lending unit to First Federal Bank.

Roughly $1.6 billion in advances were attached to the portfolio.

Flanagan and Carrillo have been active sellers of loanDepot stock the past few months, according to SEC records.

Tonkel was a top executive at Friedman, Billings Ramsey, which took many a REIT public in the 2000s.

The Utah-based specialty servicer became the property of UBS during the recent bank liquidity crisis.

Everything was going relatively well at First Republic, until it wasn't...

More banks are considering leaving the residential lending/servicing sector or scaling back. Will these decisions, made during tough times, come back to haunt them?

Mortgage REIT Rithm wants to unlock the market value of its mortgage banking franchise by spinning off the unit into its own publicly traded company. A serious idea or a ploy to juice the share price of the parent?

The acquisition will make Mr. Cooper the seventh-largest mortgage servicer.