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Home » Topics » IMFnews » Servicing

Servicing
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Short Takes: Ethos is Now One American Mortgage / Sen. Crapo Takes to the Senate Floor in Support of Calabria / Ditech’s Warning / Industry Elder Statesman Felix Beck Passes Away / A Product Update from Arch

April 4, 2019
Paul Muolo
Ditech continues to point out in SEC filings that trading in its securities is “highly speculative and poses substantial risks.”
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Senate Confirms Calabria as Next FHFA Director. His First Move?

April 4, 2019
Paul Muolo and Dennis Hollier
Although Fannie and Freddie were taken over by the government in the fall of 2008, the two have been wildly profitable – with a few bumps along the way – since 2012.
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Calabria Vote Could Be This Week

April 3, 2019
Dennis Hollier
A handful of Democrats could cross party lines and vote for the FHFA nominee...
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Ditech Says 10-K Filing Will Be Late. Oh, and It Wants $2.5M for ‘Key’ Employees

April 2, 2019
Paul Muolo
Ditech said its advisors and debtors have created a “key employee incentive program” (KEIP) valued at $2.5 million to pay “base” employees “who are largely responsible” for operations...
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MorVest Hires M&A Veteran Larry Charbonneau

April 2, 2019
Paul Muolo
Over the years, Charbonneau has advised on at least 90 M&A transactions, involving both depositories and nonbanks.
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Short Takes: No April Fools Day Joke: Policy Whiplash / A Drop in Policy Risk? / Trying to Figure Out Democrats and Republicans / Drowning in Student Loan Debt? / If Loan Officers Don’t Move Up, Move Them Out / A New Branch for Castle & Cooke

April 1, 2019
Paul Muolo
One consultant advises loan officers to move up or get moved out...
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A Large Debt Offering from Freedom Mortgage

April 1, 2019
Paul Muolo
The $250 million in debt is in the form of senior unsecured notes due in 2024.
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Ocwen Settles with Massachusetts, Lawsuit Focused on Legacy Servicing Issues

April 1, 2019
Brandon Ivey
The state accused Ocwen of widespread servicing violations that increased mortgage and insurance expenses…
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What We’re Hearing: President Trump and GSE Reform / The NEC and Treasury, Cheek-to-Cheek on Fannie and Freddie? / Time to Hire an Investment Banker / Tim Who? / Altisource Unloads a Division / Odeon Hires Bove

March 29, 2019
Paul Muolo
Wells Fargo ranks first among home lenders and servicers – and with or without Tim Sloan, that’s not likely to change anytime soon…
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Thanks to SCOTUS, a Bump in the Road for Non-Judicial Foreclosure-Related Damage Claims

March 29, 2019
Brandon Ivey
The Supreme Court based its decision on the wording of the FDCPA and the legislative history of the statute.
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