Servicing

Plaintiffs could amend certain allegations related to the bank suspending some payments without permission, but the judge dismissed others outright.

Management provided upbeat commentary both about the period and how the second quarter is progressing.

The Department of Housing and Urban Development's report from its inspector general calls for clarity around the government guarantors rapid relocation extinguishment processes.

In a quarterly earnings call, CEO Michael Nierenberg said the company was evaluating options and would likely file forms for a new public company in the near future.

MSR marks weighed down results again but by less than in the previous quarter as the company worked on offsets and restated some adjusted numbers.

This deal will allow PHH Mortgage to substantially increase the number of reverse MSRs it handles on an outsourced basis.

Judge Kenneth Marra granted the servicer a summary judgment, ruling all of the government's claims were previously covered by the National Mortgage Settlement.

Loss sharing protects against some risks, leaving the acquirer with what could be a valuable asset so long as it can maintain adequate capital and service levels.

Although the company reported a loss, executives expressed confidence in its funding and liquidity.

The servicer didn't disclose how many customers were affected by the incident.