Consultant Dave Lykken: “There are some firms out there that are just flat out of cash. They just didn’t get ahead of this thing.”

Incenter and Ferncliff Investments are advising the FDIC on the HECM auction.

With loan production suffering a noticeable decline in the first two months of the year, several small and medium-sized firms are struggling with profitability, causing intense speculation that the industry could be in for a wicked round of consolidation.

It’s believed that one of the “pieces” the new owner planned to spin off was Xome, a real estate vendor that works with consumers…

PHH’s common once traded as high as $28 a share, Ocwen $58 a share. Today they trade for $10.50 and $3.50, respectively…

A few years back, Pinto and AEI unveiled a new mortgage product called the Wealth Building Home Loan, which was intended to provide an affordable mortgage option for low- and middle-income borrowers.

Loans in Tennessee account for the largest portion of the portfolio at 28 percent…

Ocwen Financial midweek agreed to buy PHH Corp. for roughly $360 million in cash, a deal that caught the market by surprise and has analysts and advisors wondering whether two money-losing lender/servicers can make a go of it in a tough origination market.

Both publicly traded nonbanks have struggled with profitability the past four years – but for different reasons.

Vanderbilt of Maryville, TN, is known mostly for its role as a financier of manufactured and modular homes.