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Short Takes: Banks Aren’t Touching Subprime / Bad News for Specialty Servicers: Delinquencies Stay Low / A Multiyear Low for FHA Late Payments / Time to Dream of an FHA Premium Cut? / Mortgage Broker Falls Short in House Bid

May 12, 2016
Brandon Ivey and Paul Muolo
Perhaps, the time is drawing near to once again raise the thorny issue of whether the Department of Housing and Urban Development should cut FHA premiums...
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FHA Originations – When in Doubt, Use the Correspondent Channel

May 11, 2016
John Bancroft
Over half (51.1 percent) of VA loans securitized through Ginnie MBS in the first quarter of 2016 were retail originations, but only 39.1 percent of FHA loans came through that channel.
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Some Nonprime/Non-QM Lenders Get Right With TRID, Expect Good Things

May 11, 2016
Paul Muolo
As for TRID, Citadel obtained legal opinions on how to properly fix errors on loan applications and over time grew comfortable with the process.
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Five Oaks Takes $17.8 Million Loss in 1Q16, Sees Opportunities with Risk Retention

May 11, 2016
Brandon Ivey
The market did not react kindly to Five Oaks' earnings news. At one point in trading, its share price was down 13 percent on the day.
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HUD Sends Final Condo Rule to OMB for Clearance

May 11, 2016
George Brooks
The rule is expected to reflect measures in the interim guidance, including modification of the requirements for condo project recertification...
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Signs of Life in Mortgage Hiring; Quicken Looks to Fill 770 Positions

May 11, 2016
Paul Muolo
Mortgage brokerage firms added 200 workers during March. Employment in the sector now stands at 80,400 positions.
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Short Takes: Technology Vendors Still Not Getting it Right on TRID? / Remember What Cordray Said About LOS Firms? / Former Fannie Tech Exec Lands at Sindeo / PMI Gaining on FHA? / Muldering Advances at FHA

May 11, 2016
George Brooks and Paul Muolo
Recent studies suggest reduced pricing and declining costs have given conventional mortgages with private MI an edge over FHA in the battle for high-quality borrowers...
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An Ugly 1Q For Stonegate: Large MSR Writedown, A Large Loss and a Decline in Originations

May 10, 2016
Paul Muolo
Stonegate’s results were affected by declining interest rates, a plague that has marred the performance of residential servicers from coast to coast...
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Clayton Assessed as First Deal Agent for Non-Agency MBS

May 10, 2016
Brandon Ivey
Even with the assessment of Clayton, the functions that a deal agent complete remain nebulous.
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Angel Oak Working on Second Subprime MBS

May 10, 2016
Paul Muolo
Last year, the two Angel Oak companies originated roughly $350 million in non-QM loans. This year they are hoping for production that could top $850 million.
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Latest Imf News

  • Primary MI Volume Declines in 1Q

  • Delinquencies on the Rise to Start 2026

  • Clean-Up Calls on Non-Agency MBS on the Rise

  • First-Time Homebuyers Open to 50-Year Mortgage

More Imf News

Featured Data

  • Banks Report Slight Drop in Mortgage-Banking Income

  • Retail Lenders Boosted by Rising Refis

  • Fannie and Freddie Earnings on Different Trajectories

  • Agency MBS Issuance Hits Four-Year High in April

More Featured Data

Featured Reports

  • Guide to Mortgage Lending to First-Time Homebuyers

  • Top Mortgage Players: 4Q25 (PDF)

  • Agency Channel Analysis: 1Q26 (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?

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