Servicing

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.

The top five had a combined MSR volume of more than $28 billion at the end of Q4 2022.

A pair of bills make it clear that stealing a homeowner's title is a crime, subject to a maximum prison term of 25 years.

The latest estimates for its market share in third-party origination channels as others have exited is 17% for correspondent and 2.2% in wholesale.

The company also has plans to bring on board $37 billion in subservicing contracts in line with its acquisition of Rushmore Loan Management Services.

Consumers are receiving demand letters on loans they have not had any communication about in at least 10 years, the regulator said.