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Private MI Lost Some Ground to FHA Insurance in 1Q16

May 12, 2016
John Bancroft
United Guaranty was the largest MI in terms of total policies written in 1Q16, but Arch Mortgage Insurance and National MI were the fastest growers.
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Quicken Loans May Have 1.25 Billion Reasons Not to Settle with DOJ

May 12, 2016
George Brooks
Mortgage officials tracking the case note that almost a year ago Quicken raised $1.25 billion through a debt sale, money that can be employed for legal help as it fights the DOJ case.
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Altisource Goes from Challenging ‘Myths’ by ‘Self-Serving’ Activist Investors to Agreeing to Add Directors

May 12, 2016
Brandon Ivey
Analysts at PiperJaffray said the agreement “removes the near-term risk of Altisource being liquidated.”
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CFPB Probe (If There is One) of ‘Private’ Mortgages A Waste of Time?

May 12, 2016
Paul Muolo
In general, private mortgages are extended by the owner of the property to a borrower through a private contract. Terms can vary greatly from deal to deal.
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EverBank Slows Jumbo Correspondent Lending

May 12, 2016
Brandon Ivey
EverBank sold jumbos with an unpaid principal balance of $981.3 million, up 60.4 percent from the previous quarter.
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Short Takes: Banks Aren’t Touching Subprime / Bad News for Specialty Servicers: Delinquencies Stay Low / A Multiyear Low for FHA Late Payments / Time to Dream of an FHA Premium Cut? / Mortgage Broker Falls Short in House Bid

May 12, 2016
Brandon Ivey and Paul Muolo
Perhaps, the time is drawing near to once again raise the thorny issue of whether the Department of Housing and Urban Development should cut FHA premiums...
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FHA Originations – When in Doubt, Use the Correspondent Channel

May 11, 2016
John Bancroft
Over half (51.1 percent) of VA loans securitized through Ginnie MBS in the first quarter of 2016 were retail originations, but only 39.1 percent of FHA loans came through that channel.
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Some Nonprime/Non-QM Lenders Get Right With TRID, Expect Good Things

May 11, 2016
Paul Muolo
As for TRID, Citadel obtained legal opinions on how to properly fix errors on loan applications and over time grew comfortable with the process.
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Five Oaks Takes $17.8 Million Loss in 1Q16, Sees Opportunities with Risk Retention

May 11, 2016
Brandon Ivey
The market did not react kindly to Five Oaks' earnings news. At one point in trading, its share price was down 13 percent on the day.
Read More

HUD Sends Final Condo Rule to OMB for Clearance

May 11, 2016
George Brooks
The rule is expected to reflect measures in the interim guidance, including modification of the requirements for condo project recertification...
Read More
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Latest Imf News

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  • Originations Up on Annual Basis in 1Q at Chase, Wells

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  • Sales of Existing Homes Decline in March

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Featured Data

  • ARM Production Bounces Back in Fourth Quarter

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Featured Reports

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