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Home » Topics » News » IMFnews

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CFPB Faults Lenders for Poor Compliance Management Systems, Violations of Various Regulations

November 1, 2016
Brandon Ivey
The CFPB also found that some banks used employees from a staffing agency who were not properly registered or licensed...
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Phoenix Selling $1.8 Billion of GSE Servicing Rights

November 1, 2016
Paul Muolo
According to the offering circular, 82 percent of the underlying mortgages were sourced through loan brokers...
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Short Takes: Freddie’s Multifamily Segment Had Better Income than SF / Shrinkage not Exit / Analysts Turn Negative on Altisource / Some Good News for the Vendor / Boomers Have Home Equity, but…

November 1, 2016
Paul Muolo
The research firm also cites what it calls a “lack of transparency regarding fundamental business and accounting drivers”…
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Appraisal Trade Group to FHFA: Freddie Mac is Making a Big Mistake on Appraisals

November 1, 2016
Carisa Chappell
In an interview with IMFnews, Freddie CEO Don Layton defended the GSE’s move toward automated appraisals…
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Freddie Mac Hits Earnings Home Run: $2.3 Billion for 3Q; All of it Headed to Uncle Sam

November 1, 2016
Paul Muolo and Carisa Chappell
Through the first nine months of 2016, Freddie Mac earned $2.97 billion. It lost $354 million in 1Q and then turned around and posted a $993 million profit in the second quarter.
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Banks Post Strong Mortgage Profits for 3Q16

November 1, 2016
John Bancroft
The four megabanks had significantly greater earnings as a group: $2.684 billion, but the gain was slightly lower, 21.2 percent.
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As of Halloween, BofA’s MLOs are LOs and Must Offer Auto Loans Too

October 31, 2016
Paul Muolo
One observer called the change “huge.”
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Short Takes: Trouble Ahead for the GSEs, Warns Former Audit Committee Director / A $3 Billion Capital Buffer Should Do the Trick / Shadow = Illegal? / Stonegate GC Jumps Ship for FGMC / A Correction

October 31, 2016
Paul Muolo and Brandon Ivey
Are nonbanks 'shadow' institutions, and if so, is that a bad thing?
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Agency MSR Transfer Market Gained Speed in 3Q16

October 31, 2016
John Bancroft
Pingora Loan Servicing, Matrix Financial Services and Arvest Bank were the top acquirers of GSE servicing through co-issuance over the first nine months of the year.
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Mortgage Industry Catches a Break, for Now, on Change to IRS Tax Transcript Process

October 31, 2016
Thomas Ressler
Earlier in the year, the IRS said it planned to strengthen the protections for e-services accounts by requiring a stronger identity verification process for existing and new accounts.
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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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