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In the Trump Administration, DOJ Doesn’t Have the CFPB’s Back in the PHH Case; Uncle Sam Leans Toward PHH

March 7, 2017
Thomas Ressler
Attorney Barbara Mishkin notes: “…the amicus brief to be filed by the U.S. can be expected to support PHH’s position that the CFPB’s single-director-removable-only-for-cause structure is unconstitutional.”
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Rating Services Getting (Slightly) More Comfortable with TRID Compliance Issues on Jumbo MBS

March 7, 2017
Brandon Ivey
Four mortgages from First Republic Bank were subject to limited reviews that didn’t include checks for compliance with TRID.
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How Much Longer Can Hedge Funds Hold on to their GSE Stock Wagers?

March 7, 2017
Paul Muolo
Fairholme extolled the GSE’s massive fourth quarter profits of almost $10 billion, and called them “indispensable” to the mortgage insurance industry…
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Will Treasury Take a Look at Mortgage Servicing Compensation?

March 7, 2017
Paul Muolo
Perhaps, residential servicers should receive 33 basis points for servicing Fannie/Freddie loans, not 25 bps...
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Short Takes: It Appears Carson Likes the MI Industry / New HUD Chief Carson Asks Employees to Take ‘The Niceness’ Pledge / You Can’t Overload the Human Brain? / Prestwick Selling GSE Servicing Rights / Freddie’s New Whole Loan Deal

March 7, 2017
Paul Muolo and Brandon Ivey
"You can't overload the human brain," said newly minted HUD secretary Ben Carson. And there was more...
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Ginnie Mae Issuance Takes a Tumble in February

March 6, 2017
George Brooks
Just three depositories ranked among the top 15 issuers for February…
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Plenty of ‘Home Equity’ Now, but Less of a Desire to Tap the ‘House ATM’

March 6, 2017
Brandon Ivey
Researchers at the Federal Reserve Bank of New York said there’s still plenty of demand for home equity loans and cash-out refis but…
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Redwood Trust Prepares its Third Jumbo MBS of the Year. Execution Stronger than Whole Loan Sales

March 6, 2017
Brandon Ivey
Redwood officials note that in recent months pricing for jumbo MBS has been stronger than the bid for whole loan sales…
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The Trump ‘Wire Tap’ Accusation and What it Means for the GSEs

March 6, 2017
Paul Muolo
Cowen notes: “…this latest flare up reinforces our view that Treasury is unlikely in 2017 to unilaterally change the profit sweep at Fannie and Freddie…”
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Freedom May be a Buyer of Mortgage Servicing Rights

March 6, 2017
Paul Muolo
Although Freedom is private, a few years back it launched a publicly traded REIT called Cherry Hill Mortgage Investment, which lately has been trading near its 52-week high.
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Latest Imf News

  • GSEs Sharply Slow Pace of Portfolio Additions in Second Quarter

  • Newrez Settles Servicing Issue With States for $15.5 Million

  • Income Nearly Doubles at Figure in Second Quarter

  • Non-QM Originations Expected to Continue to Rise

More Imf News

Featured Data

  • Agency MBS Issuance Sags in July as Refi Market Fades

  • Rocket, Chase Give Up Some Servicing Share in 2Q

  • Mortgage Complaints to CFPB Hold Steady in Second Quarter

  • Largest Servicers Lose Ground in Second Quarter

More Featured Data

Featured Reports

  • 2026 Mortgage Market Statistical Annual (PDF)

  • IMF HMDA Dashboard: 2025

  • Guide to Mortgage Lending to First-Time Homebuyers

  • Mortgage Servicing Rights Report: 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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