M&A Roundup: Plenty of Deals are Percolating But Will They Get Done? Is Ditech Saleable? November 8, 2018 The potential sale of Ditech Financial – the largest prize in the mortgage M&A arena – hit a potential snag this week after the New York Stock Exchange suspended trading in the company’s common stock along with Series A and B warrants.Read More
NYSE Suspends Trading in Ditech, Nation’s 13th Largest Servicer November 7, 2018 Paul Muolo Ditech said it has no plans to appeal the NYSE’s decision.Read More
QM Patch Expiration Could Shift More High-DTI Loans to FHA November 7, 2018 George Brooks Analysts see the expiration of the QM patch as having a lesser effect on the non-agency market and a greater impact on FHA...Read More
Expanded-Credit MBS Underwriting Not Loosening Much, Prepayments Remain High November 7, 2018 Brandon Ivey Risk layering remains uncommon on the new breed of expanded-credit mortgages…Read More
Ocwen’s New CEO Talks About Severance Payments, but Growth Too November 7, 2018 Paul Muolo Ocwen CEO Glen Messina: "Having completed the merger, we now have unrestricted access to PHH employees..."Read More
Short Takes: GSE Oversight Hearing Delayed Yet Again / Coming in 2019? / Maxine Water’s GSE Reform Bill? / Bermuda Insurer Partners with Radian / Ocwen’s New Name? Maybe Newco? / PrimeLending’s New Hire November 7, 2018 Paul Muolo Will Rep. Maxine Waters tackle GSE reform?Read More
Ginnie Asks Top Servicers to Come up with ‘Liquidity Plan’ November 6, 2018 Paul Muolo One observer with clients who received the letter, said: “This has spooked the horses.”Read More
Another Quarterly Loss for Ocwen, New CEO Messina Calls for ‘Re-engineering’ the Cost Structure November 6, 2018 Paul Muolo Ocwen is planning a re-engineering of its cost structure...Read More
LoanStream Branches Out into Correspondent, Aims to ‘Dominate’ the Market November 6, 2018 Brandon Ivey LoanStream was already originating nonprime mortgages via retail and wholesale outlets...Read More
Rated MBS Backed by Fix-and-Flip Bridge Loans Likely November 6, 2018 Brandon Ivey Fix-and-flip financing has gradually increased each year since 2011…Read More