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Top Prime MBS Contributors are Mostly Banks

February 8, 2017
Brandon Ivey
Quicken Loans ranked third in terms of contributions to prime non-agency MBS…
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The CFPB Focuses on a Traditional Interpretation of RESPA Violations

February 8, 2017
Thomas Ressler
The CFPB said Prospect Mortgage entered into agreements to buy leads from more than 200 different counterparties, most of which were real estate brokers.
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Fitch Gives ‘Average’ Ratings to Nonprime Lenders Angel Oak, Citadel and Deephaven

February 7, 2017
Brandon Ivey
The assessment matches the rating service’s “grade” on Caliber Home Loans, which issued the first AAA-rated nonprime MBS backed by new originations.
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FHA Production Up 7.3 Percent in 2016; Banks Account for Just Two of the Top 15 FHA Lenders

February 7, 2017
George Brooks
Banks continue to pull away from directly funding FHA loans in the retail channel, citing the potential legal liability…
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Flagstar Makes a Bold Move: Agrees to Buy Stearns’ Correspondent Platform

February 7, 2017
Paul Muolo
With its consent order in the rear-view, look for Flagstar to do more deals, industry advisors told IMFnews...
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Short Takes: Blackstone’s Tentacles / MBA Sides with PHH in CFPB Case / Banks Might Ease GSE Standards / The ‘Silver Bullet’ to Replace LOs with Machines / Stonegate Hires SunTrust Executive

February 7, 2017
Paul Muolo and Thomas Ressler
Correspondent lending accounts for 21.4 percent of Stearns’ total origination volume, based on fourth quarter figures from Inside Mortgage Finance…
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Blackstone in Takeover Talks with ‘Fix & Flip’ Lender Jordan Capital

February 7, 2017
Paul Muolo
Over the past two years, the Wall Street giant has purchased a handful of nonbank lenders, including Gateway Funding...
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Fed Survey: Demand for Subprime Mortgage Credit Fell in 4Q16

February 7, 2017
Thomas Ressler
The Fed LO survey does not include sentiments expressed by loan officers and account executives who work at nonbanks…
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Flagstar Makes a Bold Move: Agrees to Buy Stearns’ Correspondent Platform

February 6, 2017
Paul Muolo
The business that Flagstar will acquire has 250 correspondent relationships that account for roughly $7 billion in production tied to agency and GSE loans.
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PHH Promises More Disclosures on its Future When it Releases 4Q16 Results

February 6, 2017
Paul Muolo
PHH Corp., for years, has been trying to unload its entire mortgage franchise, a process complicated by both regulatory sanctions and large accounting losses tied to declining interest rates.
Read More
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Latest Imf News

  • Servicing Portfolios Decline at Rocket, Chase in 3Q

  • Onity Adjusting MSR Acquisition Strategy, Subservicing

  • Ending GSE Conservatorship by 2028 Looks Unlikely

  • Consumer Advocates Seek Stronger Regulation of HEIs

More Imf News

Featured Data

  • Top Ginnie Servicers Increase Portfolios in Third Quarter

  • Major Lenders Pull Back on ECM MBS in 3Q

  • Resets Drive CLO/CDO Issuance Higher in 3Q

  • Originations Tumble 16% in Third Quarter

More Featured Data

Featured Reports

  • Mortgage Profitability Report 2Q26 (PDF)

  • Guide to Mortgage Lending to First-Time Homebuyers

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  • Lender Profiles 2Q26: Top 25 (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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