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Press release content from Globe Newswire. The AP news staff was not involved in its creation. Texas Capital Bank Announces Agreement to Sell Its Mortgage Servicing Rights Asset to PHH Mortgage Texas Capital Bancshares, Inc.April 21, 2021 GMT Reinforces Commitment to Mortgage Finance, Mortgage Warehouse and Specialty Lending Next Step in Optimizing Balance Sheet and Enhancing Focus on Core Growth Drivers DALLAS, April 21, 2021 (GLOBE NEWSWIRE) Texas Capital Bank, N.A., referred to herein as “Texas Capital Bank” or the “Company,” today announced that it has entered into an agreement with PHH Mortgage (“PHH”), a subsidiary of Ocwen Financial Corporation (NYSE: OCN), under which PHH will purchase, in a bulk sale, the Company’s portfolio of Mortgage Servicing Rights (“MSRs”) attributable to a mortgage loan portfolio approximating $14 billion. In a related Letter of Intent, PHH has also confirmed it will extend employment opportunities to many of the Company’s

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