Ditech runs into trouble with creditors; boots COO after just 9 months
Well, we’ve gone a solid two months without a bad headline for Ditech Holding Corp., the nonbank formerly known as Walter Investment Management, but it looks like the company is in trouble again. The company disclosed in an SEC filing that it’s run into more trouble with creditors and is firing its COO after just nine months.
ATTOM: Foreclosure activity falls to 13-year low
Foreclosure activity has reached its lowest point since 2005, falling 8% from the previous year, according to ATTOM Data Solutions. Foreclosure filings – which include default notices, scheduled auctions and bank repossessions – were reported on 624,753 properties in 2018, down 78% from their 2010 peak of 2.9 million.
Is GSE reform just weeks away?
Calls for government-sponsored enterprise reform have gone on for years – but now that reform could be just weeks away from becoming a reality. FHFA Acting Director Joseph Otting is said to be just weeks away from releasing a plan.
PennyMac jumps into home equity business
PennyMac is betting on opportunity in home equity lending, announcing Friday that its Loan Services subsidiary will now offer HELOCs. The nonbank’s foray into home equity lending comes at an interesting time, as some experts say certain market dynamics signal the likelihood of an impending home equity boom, while others are saying quite the opposite.
Moody’s chief economist: Prolonged government shutdown is “fodder for recession”
Moody’s Chief Economist Mark Zandi warns that if the government shutdown persists into February or March, Americans could lose faith in the economy and GDP growth will slow. And that could help fuel a recession.
Westcor agent completes RON purchase
Westcor Land Title Insurance Co.’s agent Momentum Title in Houston recently completed its first purchase transaction utilizing remote online notarization. The seller was in France and not returning to the U.S. anytime soon, and subsequently learned there was a two-month waiting period to have the documents notarized through the U.S. consulate.
Boston National expands DC presence
One of the nation’s largest independent title agencies has opened a new office to serve clients in the Washington, D.C.-area. Read on to learn where the new office is located and who will oversee its operations.
SafeChain digitally converts county’s transfer process
SafeChain has completed the digital conversion of Perry County, Ohio’s deed transfer and conveyance process between the engineer and auditor. Read on for more details.
2019’s hottest affordable neighborhoods
The hottest affordable neighborhoods are predominately in Philadelphia and Baltimore, according to a new report from Redfin. Read on for more details.
Black Knight enhances digital closing solution
Black Knight, Inc. has enhanced its digital closing solution Expedite Close with advanced intelligence and data recognition capabilities. Read on for more details.