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More Signs of Trouble for PHH Mortgage? Nonbank Cuts Early Funding Facility with Fannie Mae

June 16, 2016
Paul Muolo
In trading Thursday, the share price of PHH’s common stock was down almost 2.6 percent...
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JPM’s Jumbo Originations Performing Exceptionally Well, 60+ Delinquency Rate Below 1.0 Percent

June 15, 2016
Brandon Ivey
Performance in Chase’s jumbo program has remained strong even with the lender loosening underwriting standards somewhat...
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The Final Tally: Production, Servicing Profits Fade in 1Q16

June 15, 2016
John Bancroft
The 12 firms reported a combined $700.6 million in earnings from their servicing operations, a 1.2 percent decline from the fourth quarter…
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A Trend Continues: Depositories Trim Non-Mortgage ABS Holdings

June 15, 2016
John Bancroft
It was the ninth consecutive quarterly decline in bank ABS investment since the end of 2013…
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As Rates Drop, Mortgage Lenders Increase Hiring – Even the Megabanks are Looking for Workers

June 15, 2016
Paul Muolo
One trend that appears to be gaining momentum is the increased use of call centers and loan officers working at such shops who are compensated at lower commission rates…
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Seneca Outsources $50B in Servicing to Nationstar; NSM Takes Over Platform Too

June 15, 2016
Paul Muolo
A few months back, Nationstar was awarded a $55 billion subservicing contract from a depository…
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Short Takes: Mortgage Trade Group v. Mortgage Trade Group? / MBA’s Stevens Reacts / Quicken Selling Loans to Berkshire’s Mortgage Unit / Why Moody’s Can't Rate JPM’s LO System / Fannie Hires New Chief Audit Executive

June 15, 2016
Brandon Ivey and Paul Muolo
MBA President Dave Stevens told IMFnews: “We respect the work of Glen [Corso, CMLA director] and his organization greatly...."
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CFPB TRID Exams Coming This Month

June 14, 2016
Thomas Ressler
Two industry sources confirmed this week that the Consumer Financial Protection Bureau will, indeed, begin examining for compliance with the integrated disclosure rule known as TRID this month.
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S&P Places Negative Outlook on Walter, Questions Nonbank’s Plans to Reduce Leverage

June 14, 2016
Brandon Ivey
S&P Global Ratings warned on Monday that it could downgrade the issuer credit rating of Walter Investment Management later this year due to ongoing problems at the nonbank.
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Lenders Say No More to Loosening Credit Standards

June 14, 2016
Carisa Chappell
Lenders reported a moderate net easing of credit standards across all loan types over the past three months, according to Fannie Mae’s second quarter 2016 Mortgage Lender Sentiment Survey released this week.
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Latest Imf News

  • Home Equity Loan Originations Increase by 25% on Annual Basis

  • VA Open to Reducing Appraisal Standards

  • Two Harbors Drops UWM Plan, Switches to CrossCountry

  • GSE Completes Pilot Securitization With VantageScore

More Imf News

Featured Data

  • Ginnie MBS Issuance Sees Seasonal Plunge in February

  • Non-Agency Jumbo Lending Flourished in 2025

  • Jumbo Servicing Volume Grows in Fourth Quarter

  • Plenty of Investors Ready to Cover Fed’s MBS Retreat

More Featured Data

Featured Reports

  • Agency Channel Analysis: 4Q25 (PDF)

  • IMF Mortgage Directory: Full interactive database

  • IMF HMDA Dashboard: 2024

  • Top Mortgage Players: 3Q25 (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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