Non-QM, Tech, Sales Products; M&A Continues; U.S. Bank Correspondent Reorganization

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Posted To: Pipeline Press

Lenders, investors, and servicers don’t like bankruptcy, and for good reason. Thank you to Brian B. up in New Jersey who sent along this note about how courts are beginning to try to stem the tide of serial debtors who file multiple petitions for bankruptcy protection. “Recently, the U.S. Court of Appeals for the Seventh Circuit issued an opinion that serves as both a warning to serial filers and a potential remedy for lenders.” M&A & investor shifts There are plenty of deals going on out there, large and small. Some public, some private, some merely hinted at. (For example, why would Maryland’s Corridor be taking applications under the SWBC name, but without a formal announcement?). One seasoned vet likened the lender M&A environment to, “Owning a mortgage company,…(read more)

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