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Mortgage Sector Bucks the Trend, Adds Jobs During Pandemic

May 8, 2020
Paul Muolo

The mortgage employment reading, while strong, trails the national numbers by one month.


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PennyMac Reports Large 1Q Profit, Says Its Future Looks Bright

May 8, 2020
Brandon Ivey

Officials at PennyMac said the nonbank is prepared to handle servicing-advance requirements and that origination activity remains strong...


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Impac, Still Hanging On, Agrees to Sell Most of its MSRs to PNC Bank

May 7, 2020
Paul Muolo
The MSR sale should close by the end of May...
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Fannie and Freddie Limit Purchases on Certain Loans

May 7, 2020
Dennis Hollier

Fannie's lender-letter states: "We are temporarily suspending bulk transactions"...


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Jumbos, the Biggest Loser in the 1Q20 Originations Slump

May 7, 2020
John Bancroft

GSE and government-insured loans accounted for 86.1% of the market in early 2020, a period that featured a historic nosedive in mortgage interest rates and frenetic volatility caused by the pandemic...


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Hard Data: FHA/VA Credit Scores Move Higher (More to Come)

May 6, 2020
Brandon Ivey

The average credit score for VA loans rose 1.3 points from the fourth quarter to 716.1 in the first three months of 2020. That’s the highest reading since loan-level MBS became available from Ginnie in 2014.


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Arch Posts Slightly Lower MI Premiums, Establishes COVID-Related Reserves

May 6, 2020
Paul Muolo

Arch MI: “The loss ratio for the 2020 first quarter reflected 12.0 points of losses which resulted from financial stress due to the COVID-19 global pandemic."


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Fannie/Freddie to Pay Servicers a $500 Fee Related to (COVID) Forbearance

May 5, 2020

The $500 deferment fee is scheduled to take effect on July 1, pending approval from the Federal Housing Finance Agency.


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FHFA Extends Appraisal and Documentations Flexibilities

May 5, 2020
Dennis Hollier

In addition, Fannie and Freddie have helped reduce face-to-face interactions during the closing process by expanding the use of powers of attorney and remote online notarizations.


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Single-Family Rental M&A Called Off Due to Coronavirus Complications

May 4, 2020
Brandon Ivey

Amhert's planned acquisition of Front Yard was announced weeks before the financial impact of the coronavirus was apparent.


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Latest Imf News

  • FHA Plans De-Regulation to Address Origination Costs

  • Mortgage-Banking Income Ticks Up at Nonbanks

  • Reasons for Refi Denials Shift in 2025

  • Credit Score Providers Tout Expanded Mortgage-Borrower Pool

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

  • Lender Profiles 4Q25: Top 25 (PDF)

  • Guide to Mortgage Lending to First-Time Homebuyers

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  • Agency Channel Analysis: 1Q26 (PDF)

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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