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Home » Store » News » Cendant Puts Mortgage Business on the Market; Many Firms Consider “Strategic Alternatives”

Cendant Puts Mortgage Business on the Market; Many Firms Consider “Strategic Alternatives”

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Cendant Corp. last week announced that the sale of its mortgage division may be in its future, after officials decided that the originations platform and mortgage servicing business no longer align with the company model. The firm’s chief executive and president, Henry Silverman, said he wants to simplify Cendant’s business model, and the volatility of the mortgage business can produce erratic swings in
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