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IMFnews - February 21, 2018

In Wake of Warehouse Fraud, Santander Sells Business to Flagstar. Deal Will Create Nation’s Fourth Largest Warehouse Provider

By Paul Muolo

Flagstar also will hire Santander’s “existing" warehouse relationship managers...

PennyMac Readies Another ABS Backed by Ginnie Mae MSRs, Deal Receives Preliminary BBB- Rating

By Brandon Ivey

PennyMac likely will use the proceeds to buy additional servicing rights…

A Great Time to Sell Servicing Rights: IMA, MIAC and Prestwick Launch Auctions

By Paul Muolo

The MSR auction calendar is starting to look crowded…

Seniors Had Fewer Mortgage-Related Complaints in 2017

Most complaints from seniors over the past two years centered on conventional mortgages…

High (Interest Rate) Anxiety Starts to Seep Into the Mortgage Industry

By Paul Muolo

“The new year has all of us in the MSR market off to a running start as we see increases in mortgage rates and lower originations leading to greater demand, allowing for improved pricing of the MSR asset,” said Tom Piercy, managing director of Incenter Mortgage Advisors, Denver.

Short Takes: IU Chief Pagliara Weighs in on Supreme Court Decision / Bill Ackman is Now Underwater on his GSE Bets / NAMB Wants Ban on ‘Trigger Leads’ / Ditech Names Interim CEO but Does He Get the $5 Million?

By Carisa Chappell, Brandon Ivey, Paul Muolo

It appears that Pershing Square is now under water on its GSE investments...

CFPB Seeks Feedback on External Engagements, Seven More RFIs to Come

By Yemeng Yang

The agency will issue seven more RFIs in the coming weeks on such topics as complaint reporting and inherited rules.


How many new retail loan officers (net) is your shop looking to hire in the first quarter of 2018?

1 to 10. We’re being careful.
11 to 30. We’re feeling slightly bullish.
31 or more. We’re in expansion mode.
None. We’re staying right where we are, for now.
We’re cutting back.

vote to see results