Struggling Ditech Goes Dark on Most Future SEC Filings May 16, 2019 Paul Muolo Ditech management is calling it a day on filing 8-Ks, 10-Qs and the like as its shares trade for pennies on the dollar...Read More
Sources: Bids Due on Ditech Financial by Month’s End May 15, 2019 Paul Muolo Under supervision of the court, the Ditech franchise continues to operate, originating loans and servicing mortgages.Read More
Jumbo Servicing Continues to Gain, Except at Wells and JPM May 14, 2019 Brandon Ivey Ocwen posted a huge gain in jumbo servicing, but only because of its acquisition of PHH Mortgage...Read More
Ditech’s Top Brass Took Home $8 Million-Plus Last Year May 14, 2019 Paul Muolo Traded on the OTC market, Ditech's stock price is roughly four cents a share...Read More
Chase to Issue its First Post-Crisis MBS Backed by Investment Properties May 14, 2019 Brandon Ivey A number of lenders and issuers have seen better execution for GSE-eligible investment-properties in non-agency MBS instead of delivering the product directly to Fannie and Freddie...Read More
Losses Continue as Impac Shifts Focus to Non-QMs May 10, 2019 Brandon Ivey Impac's increased emphasis on non-qualified mortgages has yet to translate into profits. The nonbank's GOS was hammered compared to 1Q18...Read More
The Ginnie ‘Liquidity Letter’ Meetings are Over. Now What? May 9, 2019 Paul Muolo The 14 Ginnie Mae nonbank issuers were never identified by the agency but everyone in the industry knows who they are...Read More
‘Mega’ Nonbanks Saw Their Mortgage Profits Suffer Last Year May 9, 2019 Brandon Ivey The Moody's report mentions Stearns' "deteriorating financial performance" as well...Read More
Short Takes: Which Shops Received Subpoenas? / Not Just the Top Dogs / What Ginnie MBS Investors Hate: Fast Prepays / Ocwen’s Challenges / Lending Can Be Expensive May 8, 2019 Paul Muolo The loan application losing streak has ended!Read More
Bank Mortgage Profits Improve. However… May 8, 2019 John Bancroft While most banks posted improved revenue from the previous quarter, seven reported declining profitability...Read More
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