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The acquisition of the mortgage servicer has costs, but it'll give the company offsetting efficiencies of scale, executives said in an earnings call Tuesday.
October 31 -
The company took another net loss but some of its numbers improved as it slashed expenses and prospects improved for distressed loan services.
October 26 -
News of President Chris Marshall's planned departure at year-end 2024 came amid reports of net servicing gains and the start of a capital raise for an MSR fund.
October 25 -
While the company's long-term issuer default rating has slipped a little, affiliates of Blackstone that have a higher one back the reverse mortgage player.
October 20 -
But at the same time, the publicly traded company is selling off another type of housing finance asset to some large depository institutions.
September 13 -
The mortgage company was able to move a lot closer to its goal to become a $1 trillion servicer with the expiration of the final tender offer and closing of the deal.
August 1 -
The acquiring company netted an incremental gain in shareholder buy-in with its previous postponement but not enough to push the transaction forward.
July 24 -
A subsidiary pushed its tender offer to buy outstanding shares by June 27 further out after a small percentage of stockholders failed to accept by the original expiration date.
June 28 -
Trading of the company's securities was immediately suspended for failure to meet minimum shareholder equity levels, a move it agreed with.
April 27 -
The company's controlling shareholder wants to replace former HUD Deputy Secretary Pam Patenaude on its board with title company executive Steve Ozonian.
February 8