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Southside Bancshares Inc (SBSI) Q1 2021 Earnings Call Transcript


Operator
Good day, and thank you for standing by. Welcome to the Southside Bancshares, Inc. First quarter 2021 Earnings Call. [Operator Instructions] After the speaker presentation, there will be a question-and-answer session. [Operator Instructions] I would now like to hand the conference over to Lindsey Bailes. Please go ahead.
Lindsey Bailes
Vice President, Investor Relations
Thank you, Ashley. Good morning, everyone, and welcome to Southside Bancshares first quarter 2021 earnings call. A transcript of today s call will be posted on southside.com under Investor Relations. During today s call and in other disclosures and presentations, I will remind you that any forward-looking statements are subject to risk and uncertainties. Factors that could materially change our current forward-looking assumptions are described in our earnings release and our Form 10-K. ....

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Texas Capital Bank Announces Agreement to Sell Its Mortgage Servicing Rights Asset to PHH Mortgage


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 ....

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