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Home » Topics » News » IMFnews

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HomeStreet Fined by FDIC for RESPA Compliance Issues

November 7, 2019
Brandon Ivey

HomeStreet was faulted for paying mortgage referrals to real estate brokers and homebuilders...


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Agency Market Rides Heavy Refi Wave in 3Q19, Best Showing Since 2003

November 7, 2019
John Bancroft

According to a new tally from Inside Mortgage Finance, refis accounted for 47.6% of first-lien originations in 3Q19 compared to 35.9% and 35.2% in the second and first quarters, respectively.


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An Upbeat Projection for the Pending FHA MMIF Actuarial Audit

November 7, 2019
George Brooks

Consultant Brian Chappelle credits FHA for taking action earlier in the year to stop risk layering on borrowers with lower credit scores.


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Short Takes: In Praise of Current GSE Management / Sharp Elbows When it Came to Lobbying / Awaiting a Revival? / One is the Loneliest Number (Stock Analysts) / New MBS from Redwood, New Rez / Stearns Exec Finds New Job

November 6, 2019
Paul Muolo and Brandon Ivey

If Fannie and Freddie are in fact released from conservatorship will they quickly rebuild their lobbying shops?


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Consolidation and Competition Reduces the Number of LOS Vendors

November 6, 2019
George Brooks

The decrease in LOS vendors comes courtesy of industry consolidation from M&A deals, fewer vendor offerings of multi-system platforms and the failure by some platforms to adapt...


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Is Trump Pondering a Ginnie Mae Pick? Or Something Else?

November 6, 2019
Paul Muolo

“Acting” is a title worn by many political appointees in the current administration…


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Deephaven to Issue its Largest Expanded-Credit MBS to Date

November 6, 2019
Brandon Ivey

The MBS marks the first deal from Deephaven since the firm was acquired by Pretium Partners.


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Short Takes: Time to Raid Your Competitor for LOs? / Watching Rates Rise / Apple Unveils Mortgage Assistance Program / IMA Selling S&D Loans / NAR Hires HUD Official, Deephaven Taps Quicken AE

November 5, 2019
Paul Muolo and Brandon Ivey

In case you haven’t noticed, the yield on the benchmark 10-year Treasury was at 1.86% as IMFnews went to press compared to 1.46% in early September. That’s a difference of 40 basis points…


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HUD Seeks Comment on Proposed Loan Level Certifications

November 5, 2019
George Brooks

HUD’s addendum to the Uniform Residential Loan Application form is being revised to reflect regulations, ensure accuracy of borrower information, reduce lender uncertainty and maintain FHA’s ability to enforce program requirements.


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Ellington Preps its Second Non-QM MBS of the Year

November 5, 2019
Brandon Ivey

All of the loans in the MBS were originated by LendSure Mortgage. Ellington owns a 45% stake in the lender and provides a warehouse line of credit to the firm.


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