Ocwen Financial took nearly a $30 million net loss in the second quarter due to expenses ahead of its PHH Corp. acquisition that outpaced its mortgage servicing profits.

The March acquisitions of a warehouse lending portfolio and eight California bank branches helped fuel a 22% increase in net income.

American Mortgage Consultants has acquired the right to hire 50 employees from The Barrent Group and will add 150 more in response to increased private-label securitization.

A new round of expense reductions is getting underway at Nationstar Mortgage as the company moves toward its acquisition by WMIH Corp., a shell company holding Washington Mutual legacy businesses.

Public builder Beazer Homes USA plans to buy privately held Venture Homes for $65 million in a move that could make mortgage lending in Atlanta more competitive.

The deal is designed to improve capital ratios and reduce risk at the Seattle company.

The shareholders of Nationstar Mortgage Holdings and WMIH Corp. each voted to approve a $1.9 billion acquisition plan that will see the parent company of nonbank lender and servicer Mr. Cooper combine with the successor to S&L and subprime mortgage lender Washington Mutual.

Ditech Holding Corp. is considering selling itself, just over four months after the lender emerged from bankruptcy protection.

Commerce Home Mortgage and its parent company, The Capital Corps, are acquiring LoanStar Home Loans as a move to expand access to capital throughout the Northwest and Texas.

Ocwen Financial is able to keep the answers to questions from the Consumer Financial Protection Bureau involving the improper handling of escrow accounts confidential, a federal magistrate ruled.

Mortgage debt outstanding remains below pre-crisis levels and home equity is growing, even as overall consumer debt is on pace to surpass its previous 2008 peak by $1 trillion, according to LendingTree.

Ruoff Financial will make its first push into banking with the purchase of SBB Bancshares.

Blue Lion Capital, which has been a vocal critic of the Seattle company's strategy, also wants management to consider selling its MSR portfolio.

Century Communities has acquired the 50% of regional builder Wade Jurney Homes it didn't already own to boost its mortgage and title operations and reach more first-time homebuyers.

Genworth Financial's mortgage insurance business, which had slipped in market share, has more certainty about its future prospects after a federal government committee approved the holding company's acquisition by China Oceanwide.

With its acquisition of artificial intelligence and machine learning developer HeavyWater, Black Knight is turning to its Artificial Intelligence Virtual Assistant to streamline the mortgage process, with an immediate focus on the originations sector.

Black Knight has acquired HeavyWater, a developer of artificial intelligence and machine learning technology for the mortgage industry, and plans to incorporate the startup's borrower data verification and other automation capabilities into its existing product suite.

Citizens Bank's $511 million acquisition of Franklin American Mortgage will beef up the bank's servicing portfolio and diversify its origination business at a time when higher interest rates have put a damper on refinance volume.

The Rhode Island regional agreed to buy Franklin American Mortgage. With the acquisition it would have one of the nation's 15 largest bank-owned mortgage platforms.

Ocwen Financial Corp.'s Chief Financial Officer Michael Bourque has resigned, becoming the second top executive to leave the company after it agreed to acquire PHH Corp.