Walter Investment Management Corp. is evaluating options for its reverse mortgage business, including the possibility of selling some or all of its assets or collaborating with third parties. WIMC’s reverse-mortgage segment has been adversely affected by the Department of Housing and Urban Developments new requirements, raising the need for additional working capital to finance Ginnie Mae buyouts, according to the company’s 10-Q disclosures. The company reported pre-tax losses of $93 million in the second quarter of 2017. The reverse-mortgage segment reported $16.5 million of pre-tax loss for the same period, following a pre-tax loss of $26.9 million in the prior year quarter. During the second quarter, WIMC’s reverse-mortgage business generated $15.4 million in revenue, down $0.7 million year-over-year. Cash generated by the origination, purchase and securitization of Home ...

The clock is ticking on Richard Cordray’s political ambitions in Ohio…

Walter has a market capitalization (stock price multiplied by number of shares) of just $11.8 million…

The FHFA estimates that roughly 143,000 GSE borrowers are still eligible to use the HARP program.

A California nonbank is in the market with an excess servicing deal tied to an $11 billion Ginnie Mae portfolio, according to investment bankers familiar with the auction process. Sources contend the sale is being managed in part by Andrew Platt, a former managing director at MountainView Capital Group, Denver, a firm that’s an active broker of servicing rights. Platt now serves as vice chairman of Sprout Mortgage, a nonprime lender based in Henderson, NV. The deal is...

With the troubles from the financial crisis fading in the rear-view mirror, the residential mortgage servicing industry could be on “the edge of glory,” if companies can elevate their game and keep it at a high level, according to analysts with S&P Global Ratings. “The financial crisis left mortgage servicing hanging on a moment of truth,” they said in a new report. “This led to substantial changes in the industry in the past 10 years, the effects of which are still being felt today.” The changes included...

Another digital lender that’s hiring is NewFi Lending of Emeryville, CA…

If the $10.4 billion figure proves accurate it will result in another hefty dividend payment by Fannie and Freddie to the holder of its senior preferred stock: the U.S. Treasury.

Over the past three years MountainView has sold $3.8 billion of whole loans as measured by unpaid principal balance…

Mortgage software provider Ellie Mae said in a recent SEC filing that “part” of its business strategy is to target larger mortgage lenders...