Ditech CEO Leaves, Interim Replacement Named
The chief executive officer of the company formerly known as Walter Investment Management Corp. has left, and an interim replacement has been named from within the company.
Best Mortgage Employers of 2018
Five mortgage-related companies were rated among the country's 100-best employers by their workforce. The top-rated mortgage firm has made the list each of the last 15 years.
Employees Take Over USA Mortgage
Employees of USA Mortgage have become the owners of the company, though the current owner will stay on as chief executive officer.
Hilltop Holding's Home Lending Falling
Home lending volume turned lower in the final quarter of last year at Hilltop Holdings Inc., and a more sharp decline is likely ahead. Overall earnings increased, but mortgage income fell.
Freddie Finances Fewer Housing Units in 2017
The Federal Home Loan Mortgage Corp. provided financing for 110,000 fewer housing units last year than it did in 2016. Quarterly earnings deteriorated.
Fannie to Request Funds from Treasury on Loss
After-tax losses at the Federal National Mortgage Association will result in a request for funding from the Department of the Treasury. Single-family refinance volume sank last year.
Nationstar Merging With Former WaMu Bank Parent
The former parent of Washington Mutual Bank is merging with Nationstar Mortgage Holdings Inc. The transaction follows the sale of Nationstar's primary shareholder.
Walter Investment Emerges from Bankruptcy
Walter Investment Management Corp. has successfully emerged from bankruptcy. The surviving organization is a restructured entity with a new name for the parent.
Originations Fall, Servicing Grows at PennyMac
Home-lending activity slowed at PennyMac Financial Services Inc. But the company reported growth in both its servicing and staffing.
Name Change Ahead for Walter Investment
In addition to changing its chief executive officer, Walter Investment Management Corp. will change its name. The company has updated the date it expects to emerge from bankruptcy.