Correspondent

There is substantial doubt about Walter Investment Management Corp.'s ability to continue as a going concern if a restructuring plan is not approved and it needed to file a prepackaged bankruptcy plan.

Ocwen Financial Corp. recorded a $44.4 million net loss in the second quarter related to its court battles and other expenditures, including costs related to its exit from correspondent lending.

Home Point Financial Corp. has formed an Institutions Group to bring the correspondent, capital markets and warehouse lending teams under one umbrella.

American International Group Inc. could securitize through a unit it has previously used to buy jumbo loans.

Optimal Blue, a mortgage technology provider owned by private equity firm GTCR, has acquired Comergence Compliance Monitoring.

David Schneider has joined Stearns Lending as its chief executive officer, replacing Brian Hale, who will be leaving the company at the end of the month.

Walter Investment Management Corp.'s first-quarter net income included a $42 million after tax gain from the sale of Green Tree Insurance Agency.

Shellpoint is marketing another offering of private-label mortgage bonds backed primarily by loans it acquired rather than loans originated by its own New Penn subsidiary.

Walter Investment Management Corp. narrowed its fourth-quarter losses, as disappointed CEO Anthony Renzi called the nonbank lender and servicer's third consecutive annual loss "not acceptable."

Freddie Mac is preparing a transaction that transfers credit risk on $640 million of super-conforming residential mortgages.