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More Ominous Signs for Walter/Ditech: CEO Tony Renzi Departs with No Successor Named

February 8, 2018
Walter Investment Management Corp. had hoped to emerge from bankruptcy protection by the end of January, but now has a new problem on its hands: no CEO and no guidance on when it might actually have one. At press time, the revised target date to emerge from bankruptcy was Feb. 9.
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Retail Loans Less Risky in Agency Market

February 7, 2018
John Bancroft
Although Freddie Mac had a higher average credit score than its rival GSE, Fannie Mae had slightly lower average DTI and LTV ratios…
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Guaranteed Rate Hires Quicken Executive as New President of Online

February 7, 2018
Paul Muolo
At Quicken, Lombardi served as director of mortgage banking.
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Freddie Mac Looks to Carve Out New Niche for Specified Pools

February 7, 2018
Carisa Chappell
Mortgages with low loan balances appeal to investors because of their lower prepayment risk…
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Mortgage Servicers Worry about Bankruptcy Provisions in CFPB Rule

February 7, 2018
Thomas Ressler
As of April 2018, mortgage servicers will have to send monthly billing statements to consumers in active bankruptcy cases…
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MBA Chairman Motley Hopeful that HUD Will Act Soon on FHA Clarifications

February 7, 2018
Paul Muolo
The trade group chief said uncertainty still exists around FHA loan level certifications…
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Short Takes: The FHFA Version of Mick Mulvaney / Political Appointees at the FHFA? / Waiting on Hensarling’s GSE Draft / A Strong Profit for Genworth / Reverse Lender Goes Forward

February 7, 2018
Paul Muolo
Rep. Hensarling, a Republican from Texas, has yet to unveil a legislative blueprint…
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Mortgage Profits at Depositories Tumbled 29 Percent in 2017

February 6, 2018
John Bancroft
Many lenders cited increased competition in a declining market for the weaker results…
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Despite Anticipated Production Downturn, Mortgage Firms Paying up for LOs

February 6, 2018
Paul Muolo
One branch manager told Inside Mortgage Finance: “I get two calls per week from headhunters and recruiters. I’ve never seen recruiting so hot.”
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Chairman of House Financial Services Subcommittee Pondering GSE Reform

February 6, 2018
Paul Muolo and Carisa Chappell
MBA’s Dave Stevens worries about what might happen to the mortgage market under a Trump-appointed FHFA director…
Read More
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