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From accelerating its subservicing transformation to overcoming regulatory obstacles, here's a look at three reasons behind Ocwen Financial Corp.'s $360 million acquisition of PHH Corp.
February 27 -
From origination to payoff, blockchain technology makes data more reliable and secure to enhance and improve mortgage lending.
February 23Fiserv -
Ocwen Financial Corp. fired Otto Kumbar, executive vice president of lending, as the company significantly reduces its origination business.
February 13 -
A new due diligence firm created by a trio of former Clayton Holdings executives wants to shake up a static business model.
February 12 -
Warburg Pincus has agreed to buy a majority stake in a mortgage and consumer loan origination and servicing platform owned by Fiserv.
February 7 -
Mortgage servicers should approach efforts to overhaul their compensated structure with caution, as changes to the status quo "could have ripple effects across the entire real estate finance industry," warned Mortgage Bankers Association Chairman David Motley.
February 7 -
Wary of concentration risk, secondary market participants are backing initiatives to give more players a piece of the action.
February 6 -
Walter Investment Management Corp. pushed back the date it would emerge from bankruptcy to no earlier than Feb. 2 from the originally planned Jan. 31.
January 31 -
The mortgage industry should expect significant volatility that could result in a wave of lender consolidation in 2018, warns an analyst at risk management technology vendor LoanLogics.
January 31 -
Flagstar Bancorp swung to a fourth-quarter loss as the company took an $80 million noncash charge to earnings because of the tax reform bill.
January 23