Walter notes: “We have already achieved cost reductions in a number of areas, but there can be no assurance that we will be able to reduce costs so as to enable the servicing business to return to profitability in the near term or at all.”

It’s safe to say that CFPB Director Richard Cordray has been one of the most controversial financial regulators to work in Washington, D.C. for quite some time...

As the weekend approached it was unclear which suitor won the Seneca MSR portfolio…

At June 30, PHH had commitments to sell $52.3 billion of mortgage servicing rights.

Industry consultants contend that loanDepot – the nation’s 10th largest overall originator – still hopes to go public one of these days…

Citadel Servicing Corp., Irvine, CA, is also looking for a correspondent sales rep for the East Coast...

Morningstar said the ratings were discontinued due to a request from Ocwen...

PHH said it settled the cases without admitting liability “to avoid the distraction and expense of potential litigation.”

According to Casey Crawford the recapitalized depository will focus on “loving and serving people.”

Among other things, CapLoc – an affiliate of Eli Global – charges that FMC pledged “ineligible” mortgages as collateral…