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...

MIAC has established a bid deadline of June 18…

Ditech’s M&A advisor is the investment banking firm of Houlihan Lokey...

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...

Will institutional investors like Berkshire Hathaway line up to buy a new class of stock issued by Fannie Mae and Freddie Mac? We may know soon... 

In a statement, Morningstar said over the short-term, the acquisition will change nothing and it will be “business as usual.”