Loans in Tennessee account for the largest portion of the portfolio at 28 percent…

Ocwen Financial midweek agreed to buy PHH Corp. for roughly $360 million in cash, a deal that caught the market by surprise and has analysts and advisors wondering whether two money-losing lender/servicers can make a go of it in a tough origination market.

Both publicly traded nonbanks have struggled with profitability the past four years – but for different reasons.

Vanderbilt of Maryville, TN, is known mostly for its role as a financier of manufactured and modular homes.

As one servicing broker told Inside Mortgage Finance: “Wow. I didn’t see that coming.”

An investment banker who looked at the portfolio for one of his clients was at a loss regarding what direction Stearns might be taking…

Over the past 12 months, Stearns Lending has jettisoned its delegated correspondent lending platform and recently sold most of its $23.2 billion servicing portfolio, raising new questions about the company’s direction.

Invitation Homes, the nation’s largest single-family rental operator, lost $46.0 million in the fourth quarter...

PennyMac likely will use the proceeds to buy additional servicing rights…

Flagstar also will hire Santander’s “existing" warehouse relationship managers...