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Agency MBS Issuance Up Again in August – Six Straight Months of Increases

September 9, 2016
John Bancroft
Fannie, Freddie and Ginnie issued a combined $138.25 billion of single-family MBS in August, their strongest aggregate monthly output since July 2013.
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After the M&A Deal Closes, Keep the Loan Officers Happy

September 9, 2016
Paul Muolo
And one big no-no, the consulting firm points out, would entail the new owner making substantive changes to loan officer compensation plans…
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Candidate Clinton Supports QM ‘Safe Harbor’ for Portfolio Lending

September 9, 2016
Thomas Ressler
Candidate Clinton noted: “But when community banks and credit unions offer mortgages, they’re looking to invest in their neighborhoods and communities to help them grow and prosper…”
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United Wholesale Mortgage Joins the ‘Record Production Month Club’

September 9, 2016
Paul Muolo
From July to August, UWM grew its production by roughly 40 percent, noted company CEO and President Mat Ishbia…
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What We’re Hearing: A Shortage of Mortgage Underwriters? / In Demand: Top Mortgage Dogs / Record Originations at Some Shops – Thanks to Brexit / A $600 Billion Quarter? / Impac Returns to the Well / Who Might MBA’s Dave Stevens Vote For? (Follow the Money

September 9, 2016
Paul Muolo
Meanwhile, one mortgage executive told us that earlier in the year Impac approached his shop about a sale. This executive, who did not want his company identified, turned Impac down…
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Surge in Purchase-Mortgage Lending Fueled 2Q16 Production Boom

September 8, 2016
John Bancroft
-The average credit score for purchase mortgages securitized by Fannie Mae, Freddie Mac and Ginnie Mae during the second quarter was 722.8, down a few points from the first quarter.
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UI: It’s Time for Lenders to Loosen Underwriting. (Delinquencies Over the Past Five Years are Just too Good.)

September 8, 2016
Brandon Ivey
UI’s Laurie Goodman said borrowers who took out mortgages in the past five years are better at paying their mortgages than any other group of mortgage borrowers in history.
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Ocwen Faulted for Noncompliant Processes Involving Force-Placed Insurance; Hold on Foreclosures Removed

September 8, 2016
Brandon Ivey
Ocwen had a 24.2 percent error rate on a metric involving the timeliness of force-placed insurance notices, well above the 5.0 percent error rate allowed under the settlement…
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IMA Offers GSE Bulk Portfolio and MSR Flow Component

September 8, 2016
Paul Muolo
The largest chunk of collateral is located in Florida at 29.6 percent. Maryland is a distant second at 15.3 percent.
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JPMorgan Chase Official Jumps Ship for the Ailing Walter/Ditech

September 8, 2016
Paul Muolo
In the fourth quarter of last year, Walter/Ditech made a decision to exit the consumer retail channel, selling branches where possible and laying off staff.
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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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