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‘Alternative’ Hedge Fund Varde Ponders Selling Nonprime Unit Deephaven; Other M&A Deals Begin to Percolate

December 20, 2018
Varde Partners, which four years ago purchased fledgling nonprime lender Deephaven Mortgage, Charlotte, NC, is now contemplating selling the company, industry officials who claim to have knowledge of the matter told Inside Mortgage Finance this week.
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Mortgage Lenders Pessimistic Heading into 2019, Faced with Overcapacity and Weak Demand

December 20, 2018
Lenders are pessimistic about the outlook on profit margins and demand for purchase mortgages and refinances, according to a survey of 212 lenders by Fannie Mae.
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FHA Commissioner Montgomery Takes on Added Role as HUD Number Two After Patenaude Departs

December 20, 2018
First, the good news: Department of Housing and Urban Development Secretary Ben Carson appears to be staying put despite recent rumors he might be up for another job in the Trump administration.
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FHA, VA Loan Limits in 2019

December 20, 2018
The FHA and the Department of Veterans Affairs last week announced new loan limits for 2019.
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Nonbanks Build Production Market Share in 3Q18 as Top Tier of Lenders Gains Strength

December 20, 2018
Nonbank mortgage lenders continued to gain market strength in first-lien originations during the third quarter of 2018, according to an Inside Mortgage Finance ranking and analysis. [Includes two data charts.]
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VA Issues Interim Final Rule for Cash-Out Refinance Loans, Segregates Them into Two Distinct Categories

December 20, 2018
The Department of Veterans Affairs this week sought comment on an interim final rule amending its regulations on cash-out refinancing as part of its effort to prevent abusive lending practices that target VA loans and veteran borrowers.
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Ditech Decides Not to Make Scheduled Debt Payment. Meaning?

December 19, 2018
Paul Muolo
Ditech's shares now trade for just six cents apiece...
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Adverse Ruling in Closely Watched Case Could Increase Servicer Liability

December 19, 2018
George Brooks
The Tenth Circuit found the FDCPA’s plain language to be controlling…
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PRMI President and CEO Dave Zitting to Depart After Selling His Stake in the Lender

December 19, 2018
Paul Muolo
Founded 20 years ago, PRMI is a retail-only lender that funded $3.7 billion through the first nine months of 2018…
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FHA Drops Warranty Requirements for New Single-Family Construction

December 19, 2018
George Brooks
FHA says positive trends in the housing sector have weakened the need for the multi-year warranty.
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