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Inside Mortgage Trends
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Mortgage Profits at Depositories Tumbled 29 Percent in 2017

February 6, 2018
John Bancroft
Many lenders cited increased competition in a declining market for the weaker results…
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Despite Anticipated Production Downturn, Mortgage Firms Paying up for LOs

February 6, 2018
Paul Muolo
One branch manager told Inside Mortgage Finance: “I get two calls per week from headhunters and recruiters. I’ve never seen recruiting so hot.”
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Citadel Posts Record Originations in January. Angel Oak is Busier than Ever

February 5, 2018
Paul Muolo
Citadel is working on its first MBS deal…
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Rising Mortgage Payments Will Jump Even Higher

February 2, 2018
The American homebuyer’s “typical mortgage payment” is up 12 percent over last year, and the trend is expected to continue in the year ahead, according to a new report from CoreLogic.
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Speculators Bet Against LendingTree

February 2, 2018
Although the stock market remains in the stratosphere, the share price of LendingTree Inc., Charlotte, has been smacked around the past few weeks, and is now trading at an 8.0 percent discount to its January high of $404.40.
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Churchill Puts New Spin on ‘Pre-Approval’

February 2, 2018
Is pre-approval truly the first step in loan origination? The folks at Churchill Mortgage do not think so. There is a common misconception about “pre-approval” and its importance in the lending process, says Matt Clarke, Churchill’s chief financial officer and chief operating officer. He views pre-approval as nothing more than taking a mortgage loan application and approving it for underwriting. …
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Knock.com Launches Home Trade-In Platform

February 2, 2018
Knock.com, a fledgling online real estate service, has announced a novel way of buying and selling homes based on a “trade in.”
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Hurricanes Drive Up 90-Day Delinquencies

February 2, 2018
It’s been a few months since hurricanes Irma and Harvey pounded coastal areas of the U.S. mainland, but the storms are continuing to wreak havoc on many affected homeowners. The latest data from Black Knight, in Jacksonville, finds that 90-day delinquencies have jumped due to the hurricanes’ impact.
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Walter’s $5 Million CEO Tony Renzi to Depart. No Successor Named

February 2, 2018
Among residential servicers, Ditech ranked 11th at yearend, according to figures compiled by Inside Mortgage Finance.
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Walter’s $5 Million CEO Tony Renzi to Depart. No Successor Named

February 2, 2018
Paul Muolo
Among servicers, Ditech ranked 11th at Dec. 31, according to figures compiled by Inside Mortgage Finance.
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