Highbridge Capital Management, New York, this week disclosed a 9.79 percent stake in the troubled Ditech Financial, a once bankrupt servicing giant whose future continues to be an open question.
Private equity firms hoping to cash out their ownership stakes in nonbank lenders via an initial public offering of stock will have to wait a little longer, thanks to a tough origination market and institutional investor interest that lies elsewhere.
SG Capital Partners, a boutique investment banking firm chock full of former Goldman Sachs executives, has launched a new wholesale lender to originate non-qualified mortgages, most of which will wind up in MBS deals.
JPMorgan is the parent company of the nation’s second largest residential lender, Chase. Trump last decade started a small mortgage brokerage operation in Long Island and then killed it...