Walter Investment fined $29.6 million for False Claims Act violations

Walter Investment fined $29.6 million for False Claims Act violations

Subsidiaries allegedly submitted false reverse mortgage claims to HUD

The Wrap: Appraisal volume ticks down after two weeks up

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loanDepot graph shows they can barely save for retirement
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Items Tagged with 'non-agency'

ARTICLES

Värde Partners to purchase Deephaven Mortgage

Will provide $300 million to invest in non-agency loans
Deephaven Mortgage and Värde Partners have announced that the two companies have entered into a purchase agreement, “under which certain affiliates of Värde will acquire Deephaven Mortgage,” the companies stated in a release.
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Lone Star invests $1 billion in high-risk Caliber loans

New loans will target Alt-A and "high quality" subprime borrowers
According to a report from Bloomberg Businessweek, after about $200 million worth of loans have been made, the debt will be packaged into bonds and sold, with the new fund, Lone Star Residential Mortgage Fund I, retaining the riskiest pieces, according to the materials. The company expects to provide investors gross returns of 15% after three years.
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