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Citi Settles CFPB Servicing Allegations for $29 Million

January 24, 2017
Thomas Ressler
The CFPB accused CitiFinancial Servicing of misleading consumers about the effect of deferring payment due dates…
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A Warning from MBA’s Stevens: An Industry Paradigm Shift is Underway. What to do About Refi-Heavy LOs?

January 24, 2017
Brandon Ivey
The MBA chief stressed that the market is set to shift from mortgage loan officers who can thrive as “gatherers” to a market that requires “hunters.”
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4Q16 So Far: Mixed Results for Banks and Mortgages. An MSR Hedging Gaffe for BOK

January 24, 2017
Paul Muolo
On the servicing front, BOK Financial revealed that 4Q16 income was reduced because it left servicing-related hedges on the books for too long...
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Flagstar’s 4Q16 Results: Residential Production Drops, MSRs are Marked Up

January 24, 2017
Paul Muolo
So far, the industry average on MSR markups for 4Q has been roughly 29 percent, according to a recent tally from Compass Point...
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Bad News for Specialty Servicers: Foreclosure Rate Plunged 31 Percent in 2016

January 23, 2017
Thomas Ressler
As delinquencies and foreclosures decline, specialists that deal with problem loans should see a drop in business...
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Deephaven Bought $550 Million of Nonprime/Non-QM Loans in 2016

January 23, 2017
Paul Muolo
Deephaven's CEO, Matt Nichols, is a former managing director at Goldman Sachs where he worked for 12 years.
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Short Takes: The MIP Cut: No Big Deal? / A True FHA Jumbo? / New MF MBS From Freddie Mac / Nice Earnings from MGIC / Annaly’s Chief Legal Officer to Retire

January 23, 2017
Paul Muolo
One loan officer said FHA should consider building a "true jumbo program that is exclusive of Fannie Mae and Freddie Mac…”
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Fannie and Freddie are About to Provide a Nice Revenue Gift to Trump Administration

January 23, 2017
Paul Muolo
In 2016, Fannie and Freddie guaranteed $973.72 billion of single-family loans, an 18.1 percent improvement from the year prior.
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A Spike in FHA/VA Default Rates for 4Q16; A Three-Year High is Reached

January 23, 2017
John Bancroft
Meanwhile, the supply of Ginnie single-family MBS outstanding continued to set new records…
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Past FHA Commissioner Montgomery Suggests Common Standards for FHA,VA, GSEs…

January 23, 2017
George Brooks
Brian Montgomery’s proposed Office of National Housing Policy would be headed by a “housing policy czar…”
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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

  • Mortgage Servicing Rights Report: 2Q26 (PDF)

  • 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?

View Results
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