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Mortgage Performance Improves in First Quarter; But FHA/VA Delinquencies Increase on an Annual Basis

May 16, 2018
Brandon Ivey
The higher delinquency rates on FHA/VA loans are likely tied to hurricanes that struck select markets last fall.
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M&A Market Heats Up, Union Home Buys Arizona Lender

May 16, 2018
Paul Muolo
UHM has roughly 130 retail branches across 36 licensed states…
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Short Takes: Time to Change the QM Rule? / Bright Tapped to Head Ginnie / MSR Sellers Sitting Pretty? / After the Recession… / Applications Decline Again / NAR’s Chief Lobbyist Sets Retirement Date

May 16, 2018
Paul Muolo and Yemeng Yang
Residential firms looking to sell mortgage servicing rights are in a sweet spot right now. However...
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HomeStreet Contemplates Selling a $5 Billion Package of Servicing Rights

May 15, 2018
Paul Muolo
HomeStreet restructured its mortgage business last year…
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Flagstar Packages GSE-Eligible Mortgages on Investment Properties into Non-Agency MBS

May 15, 2018
Brandon Ivey
Packaging the loans into a non-agency MBS suggests that Flagstar expects better execution in the non-agency market than from delivering the mortgages to Fannie Mae or Freddie Mac.
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GSE Share Prices Weaken; KBW: Risk-Sharing Deals Hurt Profits

May 15, 2018
Paul Muolo
KBR points out that risk-sharing results in premiums being shifted away from Fannie and Freddie to providers of credit risk protection.
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New Rulemaking Agenda Suggests a Restrained Role for the CFPB

May 15, 2018
Yemeng Yang
The updated agenda is the CFPB’s first under Mulvaney’s leadership.
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Short Takes: USMI Seconds that GSE Emotion / Don’t Hold Your Breath / Mid America Enters the Warehouse Arena / Fannie Selling NPLs / A Recession Coming? / Freddie Gets a New Chief Compliance Officer

May 15, 2018
Carisa Chappell and Paul Muolo
Barry Habib, who heads MBS Highway, believe that within two years, the U.S. will be in a recession...
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Provident and Stearns Lending Lost Money in 2017: Moody’s

May 15, 2018
Brandon Ivey
Moody’s detailed profitability levels for four large private nonbanks: Freedom Mortgage, Provident Funding Associates, Quicken Loans and Stearns Lending.
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Nationstar Discloses SEC Inquiry Regarding MSR Measurements

May 14, 2018
Paul Muolo
The OCA consultation process was initiated in connection with an investigation by the Division of Enforcement that remains ongoing, the nonbank said.
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Latest Imf News

  • Refi Lending Spikes in 4Q, Purchase Mortgages Slow

  • Delinquencies Climb During Fourth Quarter, Led by FHA

  • GSEs Getting Aggressive With Cash Window Pricing

  • Onity’s Earnings Helped by Release of Tax Valuation Allowance

More Imf News

Featured Data

  • FHA Delinquencies Rise to Pandemic Levels

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  • New Nonbank Servicing Giant Emerges in Fourth Quarter

  • January Ushers In New Year With Modest Gain in MBS

More Featured Data

Featured Reports

  • Mortgage Servicing Rights Report: 3Q25 (PDF)

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  • IMF HMDA Dashboard: 2024

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

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