California receivables account for 22.5 percent of the collateral based on number of loans…

Fitch said independent nonbank servicers remain vulnerable to rising costs…

The package from IMA boasts low delinquencies and a high percentage of loans based in California…

Nonbanks do not have safety and soundness regulators, which is causing anxiety inside the agency…

The auction is being marketed in collaboration with Citigroup...

Consultant Dave Lykken: “There are some firms out there that are just flat out of cash. They just didn’t get ahead of this thing.”

Incenter and Ferncliff Investments are advising the FDIC on the HECM auction.

With loan production suffering a noticeable decline in the first two months of the year, several small and medium-sized firms are struggling with profitability, causing intense speculation that the industry could be in for a wicked round of consolidation.

It’s believed that one of the “pieces” the new owner planned to spin off was Xome, a real estate vendor that works with consumers…

PHH’s common once traded as high as $28 a share, Ocwen $58 a share. Today they trade for $10.50 and $3.50, respectively…