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A New Option Emerges: Downpayment ‘Protection’ for the Homebuyer

November 9, 2017
George Brooks
A spokesman described the new product as “an additional feature not unlike private mortgage insurance” although he refuses to call it an insurance policy…
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Digital Use Up, Customer Satisfaction Down. How Can That Be?

November 9, 2017
Thomas Ressler
Among the key findings: digital use is surging, but not digital satisfaction...
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Private MIs Gained Ground in 3Q17, but VA Shined the Most

November 9, 2017
John Bancroft
Arch MI remained the top private insurer in the third quarter and year-to-date, although its competitors gained some ground…
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Impac Posts Small Profit for 3Q17. Nonbank Says it’s Not for Sale

November 9, 2017
Paul Muolo
Impac says it’s not for sale, but sources contend the company is pitched by investment bankers quite frequently…
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Short Takes: $250K a Year in Severance for Impac President / Capital One will Remain in Multifamily / Goldman Wins Fannie Mae Bid / Quicken Gets Some Company at the Top / A New Hire for AmeriFirst

November 9, 2017
Paul Muolo and Thomas Ressler
Although Capital One is exiting single-family lending, the bank will continue to provide “specialized" multifamily financing...
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FHA Market Share Drifting Lower as Private MIs And VA Post Bigger Gains During Third Quarter

November 9, 2017
Private mortgage insurers remained busy during the third quarter of 2017, but the VA loan guar-anty sector saw the biggest growth in primary MI business, a new Inside Mortgage Finance ranking and analysis reveals.
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SFIG Details Key Performance Indicators for Deal Agents on Non-Agency MBS

November 9, 2017
Brandon Ivey
While the concept was introduced more than a year ago, the specific duties for a deal agent remained a work in progress…
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House Tax Reform Bill Expected to Have a Negative Impact On Housing, Industry Pushes for Numerous Adjustments

November 9, 2017
Tax reform legislation detailed last week by Republican leaders in the House would have a nega-tive impact on the housing market, according to some industry analysts. The bill prompted a strong re-action from industry participants, who are hoping for a variety of changes in the legislation.
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PennyMac Focuses on Originations and Servicing Growth With Launch of Wholesale Channel, Tech Development

November 9, 2017
PennyMac Financial Services is set to launch broker-direct originations, complementing its correspondent production and retail originations. Officials note that in-house technology development plays a major role in the nonbank’s efforts to increase originations and servicing.
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Under New HMDA Regime, Lenders Must Adapt to New Platform, Face New Fair Lending Vulnerabilities

November 9, 2017
As the mortgage industry prepares for a substantially expanded Home Mortgage Disclosure Act data collection and reporting environment from the Consumer Financial Protection Bureau, compliance experts are getting a clearer sense of some of the biggest challenges lenders will face – most notably on the technology front as well as fair lending scrutiny.
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