IMFnews

April 19, 2018

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Surprise: Ron Faris to Retire from Ocwen; Former PHH CEO Messina Named His Successor

Faris is a 27-year veteran of Ocwen, a publicly traded nonbank launched several decades ago by former GE Capital executive Bill Erbey. Read More

Nonbanks Continue to Gobble Up More of the Agency Servicing Market

Nonbank servicing of agency MBS has nearly doubled since March 2014… Read More

FHFA Under Pressure to Act More Like a Bank Regulator with Fannie & Freddie

Republican congressmen generally agreed with the IG’s recommendations and raised additional concerns about mission creep at Fannie and Freddie… Read More

Ditech Taps Bear Stearns/GMAC Veteran Thomas Marano as New CEO

Marano is no stranger to troubled financial service companies. Until 2008, he was a top executive at Bear Stearns... Read More

Phoenix Selling a Large Bulk MSR Portfolio. Bid Deadline: May 1

All of the receivables were originated through the retail channel… Read More

Short Takes: Tom Marano, Ditech’s $5 Million Man? / Ripe for a Major Disruption: The Subservicing Market? / Good News: Applications Rise / Rep. Waters Introduces FHA Bill / Ditech Gets a New COO

There are some in the industry who believe the entire subservicing sector is far behind in technology and customer service – and is ripe for a technology disruption of a major kind. Read More