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Complaints Filed with the CFPB Fell by Double Digits in 3Q18

October 17, 2018
Yemeng Yang
The three major credit reporting bureaus – Experian, Equifax and TransUnion – continued to rank first, second and third, respectively, in the number of complaints filed…
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Ginnie Mae Terminates 360 Mortgage Group from Program

October 17, 2018
Paul Muolo
As IMFnews went to press, multiple telephone messages and emails to 360 Mortgage had not been returned.
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loanDepot Preps Second Prime Non-Agency MBS of the Year; Galton Increases ECM Issuance

October 17, 2018
Brandon Ivey
Some 20.9 percent of the loans in the new loanDepot MBS are eligible for sale to the GSEs, down from 40.7 percent in the previous deal from the nonbank…
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A Slight Gain in Originations for U.S. Bank in 3Q18

October 17, 2018
Paul Muolo
Loan production increased at U.S. Bank but mortgage revenue declined…
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Fannie Sells Three VA Buildings as it Preps for Office Consolidation

October 17, 2018
Carisa Chappell
The Fannie Mae Virginia properties were sold for roughly $130 million…
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Short Takes: What Will Ben Carson Cut? / GSE DTI Ratios Too High? / A Woman May Head the FHFA / Nomura Settles with DOJ / Strong Earnings from MGIC / Needed: Some CFPB Guidance

October 17, 2018
Paul Muolo, Brandon Ivey, and Yemeng Yang
Budget cuts coming to HUD?
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MBA Panelists Express Grave Concerns about the Current Profit Picture

October 16, 2018
Paul Muolo
Ken Logan, managing director of warehouse finance for Wells Fargo Bank, noted that nonbanks need to know “not having cash matters.”
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Flagstar Readies Non-Agency MBS Stocked with GSE-Eligible Loans for Investment Properties

October 16, 2018
Brandon Ivey
Some 78 percent of the loans are GSE-eligible mortgages for investment properties…
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Mulvaney Tells MBA: CFPB to Define ‘Abusive’ Under UDAAP; Regulation by Enforcement is Over

October 16, 2018
Yemeng Yang
CFPB chief Mick Mulvaney declared the regulation-by-enforcement approach done...
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FHA Market Grows Riskier in 2018

October 16, 2018
John Bancroft
FHA debt-to-income ratios are also deteriorating…
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