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Volume 2018 - Number 7

April 6, 2018

News Briefs

Bill Ashmore, the former president of Impac Mortgage Holdings, is trying to raise money for a new venture that will focus on non-qualified mortgages. Ocwen Financial forgave approximately $857 million in mortgage debt in 2017, according to the firm. Since the beginning of 2008, the servicer has completed more than $18.5 billion of principal forgiveness via loan modifications, largely on non-agency mortgages. Velocity Commercial Capital is set to ... [Includes three briefs]

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With mortgage production down noticeably this year from 2017, how many lenders might disappear via M&A or failure during the next 12 months?

10% or less. It’s not that bad out there.
11% to 25%. It’s a challenging market.
25% to 40%. It’s going to be very ugly.
No opinion.

vote to see results