Ditech CEO Tom Marano: “I am pleased with the improving performance of our servicing business; however, I am disappointed with the performance of the origination business...”
Over the years it seems as though commercial banks have basically ceded the multifamily market to nonbanks that use the GSEs as their secondary market takeout…
A Wells Fargo spokesman: "We currently have 33 home lending locations in those states and no home lending team members will be moving to Flagstar as part of this divestiture."