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IMFnews - February 23, 2017

Wholesale-Broker Production Suffers the Most in 4Q16, Down 6.7 Percent

By John Bancroft

Caliber Home Loans climbed into second place in the wholesale-broker market thanks to a huge 63.7 percent gain in annual funding volume.

Fairholme Chief Bruce Berkowitz on GSE Legal Setback: ‘This is far from over.’

By Paul Muolo

At last check, Fairholme valued its stake in Fannie/Freddie at roughly $115.7 million.

An ‘Alt’ Theory Emerges on the Spike in FHA Delinquencies. MSR Transfers the Culprit?

By George Brooks

Higher FHA delinquencies may have been caused by administrative mistakes…

Angel Oak Set to Issue its First Nonprime MBS Deal of the Year

By Brandon Ivey

The Angel Oak family of mortgage lenders finished 2016 with roughly $700 million of nonprime/non-QM originations, according to officials at the company.

More Red Ink from Ocwen with Future Losses Anticipated; Originations Down Almost 10%; Share Price Clocked

By Brandon Ivey

Officials at Ocwen warned of more financial turbulence throughout the year...

Short Takes: More on Ocwen’s CFPB Problem / An Invitation to Write a NORA Letter / MSR Buying Dreams Up in Smoke? / Ocwen for Sale Eventually? / A New Hire for ClosingCorp

By Paul Muolo

The disclosure comes on the heels of a recent legal settlement in California that paves the way for Ocwen to buy servicing rights once again...


With rates higher this year, there has been talk of lenders liberalizing their underwriting standards in an effort to increase volume and make up for lower refis.

Do you think your shop will loosen standards over the coming three months?

Yes, but not by much.
Yes, by a lot.
Yes and, heck, we may even do non-QM lending.
No, not at all.
No and we may even tighten credit.

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