A new poll being conducted by Inside Mortgage Finance/IMFnews shows that 47 percent of lenders are contemplating originating non-QM mortgages in 2019...
Results of an annual audit of the FHA’s Mutual Mortgage Insurance Fund turned out better than expected, showing improvements in the fund’s economic net worth and its closely watched capital reserve ratio. [Includes one data chart.]
The delinquency rate on mortgages increased significantly in the third quarter of 2018 compared with the previous period, according to Inside Mortgage Finance’s Large Servicer Delinquency Index. Industry analysts suggest that the rise was largely related to seasonal factors. [Includes one data chart.]
Waterstone Mortgage has won temporary relief on the $10.6 million in damages it had been directed to pay to 175 loan originators as part of a class-action lawsuit involving employee compensation.
With originations slowing and scores of lenders pondering exit strategies, Panorama Partners is poised to make a big splash as a buyer of companies in the quarters ahead, according to Eric Egenhoefer, who’s teaming up with the private equity firm.