As part of Ditech’s dissolution, the company also disclosed that its reverse lending division – Reverse Mortgage Solutions – will be sold via a stock and asset deal to Mortgage Assets Management LLC for an undisclosed sum.
Varde partnered with Deephaven in 2014 to help fuel the lender's origination of non-QM loans. Pretium is a signficant player in the single-family rental market. Last fall the firm agreed to buy specialty servicer Selene Holdings from Lew Ranieri and his partners.
Quicken Loans signed a $32.5 million agreement with the federal government to settle FHA underwriting allegations that accused the nation’s largest direct lender with fraud. As part of the deal, the privately held nonbank – the creation of Midwestern businessman Dan Gilbert – did not admit any wrongdoing and will continue to originate and service FHA loans…
Among the top three Ginnie Mae servicers at March 31, just three were banks: Wells Fargo, U.S. Bank and JPMorgan Chase. Among those ranked 11 to 20 four are depositories, including one credit union...
Thanks to today’s high loan balances, a 50-basis-point drop in rates can do wonders for the refi market, but is bad news for companies that have large servicing portfolios to unload...
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