Items Tagged with 'Option One Mortgage Co.'

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  • Former WMC CEO Leads Acquistion of "High-Touch" Special Servicer

    Vantium Capital Inc., a new private equity investment outfit headed up by former WMC Mortgage CEO Amy Brandt, said on Tuesday that it had joined the ranks of investors looking to snag a slice of the growing distressed mortgage business. The company snapped up Dallas-based Acqura Loan Services, a third-party special servicing platform established last year by former Option One Mortgage Co. exec David Vida.
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  • Lender Processing Services Adds American Home

    Signaling that the integration of American Home Mortgage Servicing, Inc. and the former Option One Mortgage Co. servicing platform is progressing, the two companies have settled on a single servicing platform to manage the more than 475,000 loan files serviced between them.
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  • FHA Mortgage Focus Fuels Lend America's Rise

    The changing landscape in mortgage banking is propelling fast-growth for lenders that specialize in originating mortgages endorsed by the Federal Housing Administration; Melville, New York-based Lend America is a perfect example of what may be the new reality in mortgage lending.
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  • Friday Night, Lights Out -- Fitch Downgrades $5.3 Billion in RMBS

    Keeping up with the downgrades on various subprime RMBS deals here at HW is turning into a full time job. (And one that requires plenty of coffee.) Here's a list of the downgrades issued tonight by Fitch alone -- remember, these are the downgrades issued just in one night at one rating agency. Total downgraded dollar value: $5.3 billion. $9.53 million downgraded from a 2002 Centex RMBS deal -- 17.90 percent of loans 60+ days delinquent.
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  • H&R Block: Losses Soar on Option One Debacle

    H&R Block, Inc., the nation's largest tax preparer, said this morning in a filing with the Securities and Exchange Commission that it will report surprisingly large losses for the quarter ended October 31, 2007 due to problems at its Option One Mortgage Company franchise -- once one of the largest subprime lenders in the United States.
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