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IMFnews - January 17, 2019

Nonbanks Significantly Increase Agency Servicing Market Share

By John Bancroft

Eighth-ranked Mr. Cooper also had huge quarter in MSR growth…

‘Digital’ Lender Better Mortgage Triples Originations

By Brandon Ivey

Better said the company’s LOs originate an average of 40 loans per month versus the industry average of 4.2 loans...

Ditech Gets a Breather from Its Note Holders (For Now); COO Terminated

By Paul Muolo

Ditech also terminated the employment of Chief Operating Officer Ritesh Chaturbedi.

Mortgage Employment Falls to 10-Month Low

By Paul Muolo

Conventional lenders will have a tougher time of it this year...

Short Takes: A Landmark Non-QM MBS from Angel Oak / Better Mortgage Sees Furloughed Government Workers and Comes Up with a Product to Serve Them / Retail Declines at BB&T / Seterus Hands Out Pink Slips to 300 / MGIC’s Results / MBA Promotes Knowlton

By Brandon Ivey, Paul Muolo

The Seterus platform will cut 300 full-time workers in the Durham area. The unit is being sold to Mr. Cooper...

Poll

Do mortgage lenders really need a new credit-scoring model or is the current FICO system adequate?

It’s fine. Stick with what works.
Time for a change. Borrowers are different today.
Undecided, still assessing the situation.

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