IMFnews

May 10, 2017

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By Selling Assets, Walter Investment Posts a Gain After Years of Losses

At March 31, Ditech serviced 1.9 million accounts, with an unpaid principal balance of $220.2 billion. During the quarter, the company suffered a net disappearance rate of 13.56 on its MSR portfolio. Read More

CEO of Finance of America’s ‘Fix & Flip’ Unit Departs a Few Months After Company is Bought

The fix-and-flip market has been red hot the past few years… Read More

Originations Down Sharply for Impac in 1Q17, but Firm Remains Profitable; An Emphasis on Non-QM

Impac Mortgage is making major run at the non-QM market, advertising its products on cable TV… Read More

Yet More Red Ink for PHH Mortgage; Loan Production Down 34 Percent from 4Q16

Glen Messina is slated to step down as CEO in June. He has served as CEO since January 2012. Read More

Fannie and Freddie Would be Subject to FOIA Requests

The Structured Finance Industry Group has voiced concerns about what information might become publicly available… Read More

Short Takes: Nonprime Lender Angel Oak Hires Correspondent Chief from Freedom Mortgage / A Nice Pay Check if you Can Get Fired / Can the Senate Banking Committee Count? / A QM Exemption? / Former MI, GSE Exec Gets Top Post at HUD

PHH's new CEO, Robert Crowl, has a termination package that could be worth $4.54 million… Read More

Thinking About MBS Investors, FHFA Chief Watt Testifies that it would be ‘Irresponsible’ for Fannie and Freddie Not to Have a Capital Buffer

A former Congressman, Watt knows full well that by allowing Fannie and Freddie to build capital once again it will set off a political firestorm... Read More