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Quicken’s Parent Launches Personal Loan Unit, Touting Tech Similar to Rocket Mortgage

February 2, 2016
Brandon Ivey
Another large nonbank enters the space for unsecured consumers loans. A trend in the making?
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Short Takes: Selling Your Mortgage Firm? Be Prepared to Stick Around / What do Mortgage CEOs Earn Each Year? / The Falling Yield on the 10-Year / First Tennessee Settles with Uncle Sam / LenderLive Hires Ex-Impac Official

February 2, 2016
George Brooks and Paul Muolo
Earnings are high at most nonbank lenders these days, which makes them attractive to investors...
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Bank Holdings of Non-Agency MBS Take a Tumble

February 1, 2016
Brandon Ivey
While most players holding non-agency MBS have seen their investments decline, two types of investors actually increased their holdings...
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Slow Growth for Ginnie Mae Servicing in 2015, Lower Delinquencies

February 1, 2016
John Bancroft
However, the VA market grew more than the FHA market last year, up 13.5 percent from the end of 2014…
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Consumers Complaining a Lot Less About Mortgages. What’s Up With That?

February 1, 2016
Thomas Ressler
Kvetching about mortgage servicing was down sharply too, off 23.1 percent compared with the third quarter.
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Cenlar Ordered to Pay Borrower More than $200,000 for Causing ‘Emotional Distress’ after ‘Outrageous Conduct’

February 1, 2016
Brandon Ivey
The subservicer started charging the borrower various attorney fees after completing the modification and didn’t respond to the mortgagor’s questions about those fees in a timely matter...
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FBR Drops Coverage of PHH, Fannie and Freddie Too; No Earnings Date for PHH Yet

February 1, 2016
Paul Muolo
In the announcement on dropping coverage, FBR quoted PHH management as saying “organic growth is hard to come by, strategic initiatives are taking longer to achieve, and prepayment speeds on the company’s MSR are still elevated…”
Read More

Wells Fargo Files 13G on Ocwen Ownership, but It’s Not What You Think

February 1, 2016
Paul Muolo
Although Wells does not own the shares per se, it shows that some of the bank’s wealthier clients are speculating in Ocwen’s stock.
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Short Takes: Equifax Includes FHA in its ‘Subprime’ Numbers / When is Subprime Not FHA? / It Appears PHH is Trading at a Discount / A Jumbo Loan for the Playboy Mansion? / President Trump Might Free the GSEs

February 1, 2016
Brandon Ivey and Paul Muolo
Super-jumbo lenders take note: Hugh Hefner’s Playboy mansion is now officially for sale.
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A Secondary Market Develops for ‘Scratch & Dent’ TRID Loans; Mid-America, Others are Buying

February 1, 2016
Paul Muolo
One company that confirmed its interest in scratch-and-dent TRID loans is Mid America Mortgage.
Read More
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Latest Imf News

  • Rocket Tops Agency Servicers With Mr. Cooper Acquisition

  • MBA Economist Still Sees Interest Rates Staying Above 6.0%

  • Agency MBS Investors Await Details on GSE Purchases

  • Servicing Valuations Cut Into Banks’ Mortgage Earnings in 4Q

More Imf News

Featured Data

  • Correspondents Gain Market Share in Government Lending

  • Solid 4Q Carries 2025 MBS/ABS to $2 Trillion

  • Agency Refi Market Rises to Three-Year High in 2025

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More 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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