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Home » Topics » News » IMFnews

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Top Wholesale Lender Happy to See PennyMac and Others Enter the Channel

August 17, 2016
Brandon Ivey
UWM’s Mat Ishbia said competition among wholesale table-funders is a good thing…
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Ninth-Ranked Originator loanDepot Sells $150 Million of Debt. No Word on Yield or Who Bought It

August 17, 2016
Paul Muolo
Initially, loanDepot planned to register 35 million shares of common at a target price of $16 to $18 a unit, which gave it a maximum valuation of $630 million.
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HUD IG Not Done with Scrutiny of Downpayment Assistance Program

August 17, 2016
George Brooks
The IG suggested that state HFA downpayment assistance programs are no different than the seller-funded DPA arrangements that led to huge losses for the FHA…
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Bottom Fishers Eyeing the Mortgage Servicing Market?

August 17, 2016
Paul Muolo
“It feels like we’re getting to a floor,” said MIAC Managing Director Steve Harris.
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Short Takes: Underperforming LOs Should be Shown the Door / loanDepot’s Hsieh on What Investors Want / Former Goldman Trader Chin Takes it on the Chin / GSE Relief for Flooded Homes in Louisiana / New Hire for ATTOM

August 17, 2016
Carisa Chappell, Brandon Ivey, and Paul Muolo
Joe Garrett added: “…if you keep mediocre producers around, it sends a message that you tolerate mediocrity…”
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Jumbo MSR Market Hit $863 Billion at Mid-Year

August 16, 2016
Brandon Ivey
Second-ranked Chase Home Finance serviced $176.60 billion of jumbos at June 30, up 4.1 percent compared to 1Q16…
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Caliber Home Loans Taking a Look at PHH Assets?

August 16, 2016
Paul Muolo
For now, Caliber isn’t commenting on PHH and the latter isn’t discussing anything to do with a sale of its assets.
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Walter’s New CEO Tony Renzi Could be a $5 Million Man His First Year

August 16, 2016
Paul Muolo
Compared to the second quarter of last year, revenues at Walter declined an ugly 54.6 percent to $187.5 million. In other words, Renzi has a lot to turn around…
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Sequential Decline in Non-QMs at Impac Blamed on Refi Activity

August 16, 2016
Brandon Ivey
Impac president Bill Ashmore said that at the end of 2Q, the lender had a $115.0 million pipeline of non-QM originations, about level compared to the pipeline the lender had at the end of the previous quarter.
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MountainView Selling $3 Billion of Ginnie Mae Servicing Rights

August 16, 2016
Paul Muolo
In a tough Ginnie MSR market, servicing advisors believe deals can get done as long as the seller has realistic expectations on price.
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Latest Imf News

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