Impac's Justin Moisio: “Everyone’s getting into this game.”

After federal courts overturned the Consumer Financial Protection Bureau’s aggressive interpretation of the anti-kickback provisions in the Real Estate Settlement Procedures Act, lenders are more confident about forging marketing services agreements, industry experts said.

Geneva Financial, Tempe, AZ, is offering loan officer recruits a compensation package of 250 basis points or higher, attracting scores of resumes as well as the ire of some of its competitors.

A spokesman said Impac is now funding $100 million per month in nonprime loans and plans to grow the business further.

Private mortgage insurers had one of their strongest quarters in recent memory in the spring of 2018, thanks to a surge in new insurance written and a healthy upturn in profitability, according to a new Inside Mortgage Finance ranking and market analysis. [Includes two data charts]

There’s been a resurgence of MSAs among other settlement service providers…

In June, Ditech agreed to sell MSRs to New Penn Financial...

Arch wrote $19.94 billion of traditional policies in the second quarter, ranking first overall, according to exclusive figures compiled by Inside Mortgage Finance. Radian was second with $16.36 billion…

But the bailout calculations – mandated under the Dodd-Frank Act Stress Tests – were not done by the FHFA.

At the very least, the MBA wants a timeframe from the regulators…