With originations slowing and scores of lenders pondering exit strategies, Panorama Partners is poised to make a big splash as a buyer of companies in the quarters ahead, according to Eric Egenhoefer, who’s teaming up with the private equity firm.
Waterstone Mortgage has won temporary relief on the $10.6 million in damages it had been directed to pay to 175 loan originators as part of a class-action lawsuit involving employee compensation.
The delinquency rate on mortgages increased significantly in the third quarter of 2018 compared with the previous period, according to Inside Mortgage Finance’s Large Servicer Delinquency Index. Industry analysts suggest that the rise was largely related to seasonal factors. [Includes one data chart.]
Results of an annual audit of the FHA’s Mutual Mortgage Insurance Fund turned out better than expected, showing improvements in the fund’s economic net worth and its closely watched capital reserve ratio. [Includes one data chart.]
One New Jersey-based loan officer told IMFnews, “It’s very un-nerving right now.” He noted that on a recent workday he had account executives from three different companies come into his office. “One of them, I hadn’t seen in a year.”
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