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The Final Origination Tally for 2016: $2 Trillion-Plus; Second Best Year of the Decade

January 26, 2017
John Bancroft
To be sure, individual lenders were all over the map in their reported production trends. A handful of top producers reported significant increases from the third quarter, including loanDepot, which was up 13.4 percent…
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Jefferies to Issue Another Warehouse Securitization. Ditech, loanDepot and Plaza to Benefit

January 26, 2017
Brandon Ivey
Jefferies issued two similar rated warehouse-funding securitizations in 2016, totaling $435 million.
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Fannie Mae Lends its Support to Nation’s Largest SFR Operator with a $1 Billion Commitment

January 25, 2017
Paul Muolo
Through the first nine months of 2016 – which represents the latest available data – Invitation Homes posted a net loss of $51.6 million, compared to a $121.7 million loss in the same period a year earlier.
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Short Takes: loanDepot in a Hiring Mode / Some Name Change Tweaks / Movement Mortgage Hiring as Well / Give us Back Our FHA MIP Cut / ServiceLink Fined by Feds

January 25, 2017
Paul Muolo
In a poll conducted by Inside Mortgage Finance, just 14 percent of respondents said they were against a cut in FHA premiums.
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Walter Investment Shakes Up its Board. ‘Turnaround’ Specialist Named

January 25, 2017
Paul Muolo
Keefe, Bruyette & Woods has an “underperform” rating on Walter’s stock…
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The Shifting Nature of Loans Backing ‘Prime’ Non-Agency MBS: More IOs…

January 25, 2017
Brandon Ivey
Some $157.6 million of interest-only loans were included in prime non-agency MBS issued in the fourth quarter, the highest IO volume since the third quarter of 2015.
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Democratic AGs Seek to Defend CFPB, Intervene in PHH Case

January 25, 2017
Thomas Ressler
The states argue that the current ruling in the PHH case, if permitted to stand, will undermine the power of the Attorneys General to effectively protect consumers…
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Nonprime MBS Issuance Could Double in 2017, Says Fitch. Sounds Impressive, But…

January 25, 2017
Brandon Ivey
Thus far, only a $225.75 million nonprime MBS issued by an affiliate of Lone Star Funds in December has received AAA ratings.
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Suspending FHA Premium Cut is a Good Thing, Says AEI’s Ed Pinto

January 24, 2017
Thomas Ressler
At least some factions of the industry are happy about the FHA not cutting premiums, including Ed Pinto of AEI…
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Short Takes: Wells Fargo Accused of Improperly Charging for Rate-Lock Extensions / A Big Deal or Not? / The Golden West-Sandler-Wells Fargo Connection / UWM Chief to Educate on ARMs

January 24, 2017
Paul Muolo and Thomas Ressler
Some of the allegations surfaced in a Nov. 2016 letter sent to Congress by a former Wells LO named Frank Chavez...
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Latest Imf News

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Featured Data

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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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