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In December, New Residential acquired Mortgage Lender Shellpoint Partners for $190 million. [ 7 ] In February 2019, Ditech filed for bankruptcy and in October sold its forward mortgage business to New Residential for $1.2 billion.
PHH was founded by Duane Peterson, Harley Howell and Richard Heather in 1946 in Mount Laurel, New Jersey and incorporated in 1953 as a Maryland corporation [1] providing mortgage services, employee relocation services, fleet management services.
Nationstar Mortgage LLC, doing business as Mr. Cooper, is a home loan servicer headquartered based in Dallas, Texas, area.It is the consumer-facing mortgage lender and servicer of its parent company Mr. Cooper Group. [1]
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