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IMFnews - March 22, 2017

Wall Streeter Phillips to Play ‘Critical’ Role at Treasury on GSE Reform; GSE ‘Principles’ Coming Soon from Trump?

By Paul Muolo

Calabria joined the Trump administration from the conservative Cato Institute and is no fan of the GSEs...

Bank Holdings of First Liens Increased in 4Q16 – Ever So Slightly

By Brandon Ivey

It appears that depositories are growing their portfolios by adding jumbo mortgages along with loans eligible for sale to Fannie Mae and Freddie Mac…

Finance of America Commercial Makes Big Push Into Broker Market with ‘Fix & Flip’ Lending

By Paul Muolo

CEO Mark Filler said FoAC is now offering fix-and-flip loans as cheaply as 6.99 percent…

PHH Counsel Theodore Olson Lays Out Steps to Make the CFPB ‘Constitutional’

By Thomas Ressler

For the CFPB to pass the constitutionality test, its director needs to be removable by the president of the United States...

HECM Production Stumbles a Bit in 2016

By George Brooks

Among the top 10 originators in 2016, Reverse Mortgage Solutions posted the largest annual decline at 64.5 percent. RMS is owned by Walter Investment…

Short Takes: Reading the Mortgage Tea Leaves for 1Q17 / When in Doubt, Go Non-QM / Impac by the Numbers / Applications Fall, Existing Homes Sales Drop as Well

By Paul Muolo, Brandon Ivey

Don’t look now but the yield on the benchmark 10-year Treasury is now down to 2.40 percent. And just in time for the spring home buying season…


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.