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What We’re Hearing: GNMA’s Michael Bright is Taking No Chances / Ginnie Servicing is Now Worth… / Bright and the FHFA Job / The Bigger You Are… / 47 Percent of Lenders Eyeing the Non-QM Market? / Radian Gets a New Controller

November 16, 2018
Paul Muolo
A new poll being conducted by Inside Mortgage Finance/IMFnews shows that 47 percent of lenders are contemplating originating non-QM mortgages in 2019...
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After Cutting 400 Mortgage Workers in June, Wells Fargo Plans to Cut 900 More

November 16, 2018
Paul Muolo
Back in June, Wells trimmed 400 mortgage jobs, including 63 mortgage workers in Frederick, MD.
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House Power Shift May Have Little Impact on GSE Reform While Dampening Reg Relief

November 16, 2018
Yemeng Yang
In a recent eight-page memo outlining her priorities, Rep. Maxine Waters did not address the conservatorships of Fannie Mae and Freddie Mac…
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Under Michael Bright, Ginnie Mae Continues to Tighten Issuer Standards, Accountability

November 16, 2018
Paul Muolo
Ginnie said the evaluation will be “similar to those employed by credit rating agencies.”
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REIT MBS Holdings Grew in 3Q18. Non-Agency Product in Demand

November 16, 2018
John Bancroft
Non-agency MBS holdings by REITs grew slightly faster than agency securities…
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After Cutting 400 Mortgage Workers in June, Wells Fargo Plans to Cut 900 More

November 15, 2018
Paul Muolo
The megabank currently employs 27,000 mortgage-related workers or what it calls “team members.”
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FHA’s FY 2018 Audit Shows MMIF in Great Shape, HECM Continues to Bleed Forward Portfolio

November 15, 2018
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.]
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Mortgage Delinquencies Spike in 3rd Quarter on Seasonal Issues; Foreclosures Limited

November 15, 2018
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.]
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Large Judgement Against Waterstone Mortgage in Limbo After Ruling by Appeals Court on Arbitration Issue

November 15, 2018
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.
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As Mortgage M&A Heats Up, Panorama Partners Ready to Pounce; Will Ocwen be a Buyer Again?

November 15, 2018
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.
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Latest Imf News

  • FHFA Eliminates Haircut on VS4 Scores With GSEs

  • Homeseller Impersonation Fraud Rising, Aided by AI

  • GSEs Lose More Servicing Share in Second Quarter

  • Court Dismisses Lawsuit by Former HUD Office of Fair Housing Attorneys

More Imf News

Featured Data

  • Ginnie MBS Issuance Down in August as Refi Slide Continues

  • Banks Resume Adding to Mortgage Holdings in Second Quarter

  • Banks Continue to Add to Their ABS Portfolios

  • Jumbo Share of Originations Highest Since 2022

More Featured Data

Featured Reports

  • Mortgage Servicing Rights Report: 2Q26 (PDF)

  • Agency Seller-Issuer Profile: 2Q26 (PDF)

  • Mortgage Profitability Report 2Q26 (PDF)

  • IMF HMDA Dashboard: 2025

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results
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