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Seasonality Slowed Purchase Lending in 1Q17, but Outlook Still Strong for 2017

June 1, 2017
John Bancroft
Agency MBS data suggest the purchase market hit its low spot in January and has been slowing building momentum ever since…
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Warehouse Commitment Levels Down Slightly in 1Q17; Profitability of Nonbanks a Concern?

June 1, 2017
Paul Muolo
Larry Charbonneau, who conducts warehouse lending reviews for commercial banks, said usage rates are definitely improving this spring.
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First Republic, Quicken Lead Contributors to New Jumbo MBS from Redwood

June 1, 2017
Brandon Ivey
Roughly 10.8 percent of the mortgages were sourced through the Federal Home Loan Banks’ Mortgage Partnership Finance program.
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Short Takes: A Revolving Door for Mortgage CEOs? / The Fight Against an Industry Fee to Help FHA Tech / What is DOS? / Redwood’s Next MBS / SG’s Goal: A Rated Deal / Another New Branch for Castle & Cooke

May 31, 2017
Paul Muolo, George Brooks, and Brandon Ivey
“Even with optimal outcomes agreed by all parties in a typical three- to five-year contract, public and private company CEOs find themselves constantly under the ‘results’ microscope," said consultant Paul Hindman.
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FIS Fights Back Against Ocwen, Says Lawsuit was Filed to Avoid Paying Invoices

May 31, 2017
Paul Muolo
In the lawsuit, Ocwen admitted that it had stopped paying some of the invoices sent to it by FIS because of what it called “improper and non-compliant billing practices…
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Walter’s Share Price Crushed After Disclosure of Accounting Errors. DTAs Affected

May 31, 2017
Paul Muolo
Commenting on the latest revelation from Walter, Keefe, Bruyette & Woods said, “Given the lack of visibility, we maintain our underperform rating and $1 price target.”
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‘GSE Patch’ Will be Key as CFPB Assesses ATR/QM Rule

May 31, 2017
Thomas Ressler
The GSE patch expires either in January 2021, seven years after the effective date of the ATR rule, or when the GSEs are taken out of conservatorship, whichever comes first…
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AIG Ramps Up Prime Jumbo Conduit, Prepares for Non-Agency MBS Issuance

May 31, 2017
Brandon Ivey
AIG buys jumbos servicing-released with Cenlar acting as the subservicer.
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VA Production Drops in 1Q17 as the Refinancing Train Loses Steam

May 31, 2017
George Brooks
Freedom Mortgage, a nonbank, was the top VA originator in the first quarter with USAA Federal and loanDepot ranking second and third, respectively…
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Short Takes: Ocwen Registers More Stock / A 12 Day Wait to Announce / The Fidelity Empire / No Income Verification for Flippers / Norcom Hires Reverse Chief

May 30, 2017
Paul Muolo and Brandon Ivey
All Credit Considered Mortgage is offering investment-property mortgages that do not require verification of the borrower’s income or employment.
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Latest Imf News

  • First-Lien Originations Decline by 16% in Third Quarter

  • Income Spikes at Rocket in Third Quarter, Helped by Servicing

  • Redwood Issuing Private Non-Agency MBS, No AAA Ratings

  • Pennymac Sees Loss on Production in 3Q; Servicing Profits

More Imf News

Featured Data

  • Seller Repurchases of GSE Loans Bounce Up in 2Q

  • Retail Share Rising in Conventional-Conforming

  • Refi Activity Plummets, Dragging Down Agency MBS in 3Q

  • ARM Production Rebounds

More Featured Data

Featured Reports

  • Mortgage Servicing Rights Report: 2Q26 (PDF)

  • Lender Profiles 2Q26: Top 25 (PDF)

  • Agency Seller-Issuer Profile: 2Q26 (PDF)

  • Top Mortgage Players: 2Q26 (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?

View Results
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