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It’s Not Going to Happen Anytime Soon: A Cut in FHA Premiums

August 18, 2016
George Brooks
The private MI share of new primary insurance rose 6.0 percentage points to 37.8 percent during the second quarter, while the FHA share fell 5.4 percentage points to 34.4 percent…
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All Production Cylinders Firing in 2Q16 but Conventional Lending Increased the Most

August 18, 2016
John Bancroft
Some 61.0 percent of loans securitized by Ginnie Mae in the first half of 2016 were purchase mortgages, compared to 46.2 percent for Fannie Mae and Freddie Mac…
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Bottom Fishers Eyeing the Mortgage Servicing Market?

August 17, 2016
Paul Muolo
“It feels like we’re getting to a floor,” said MIAC Managing Director Steve Harris.
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Short Takes: Underperforming LOs Should be Shown the Door / loanDepot’s Hsieh on What Investors Want / Former Goldman Trader Chin Takes it on the Chin / GSE Relief for Flooded Homes in Louisiana / New Hire for ATTOM

August 17, 2016
Paul Muolo, Brandon Ivey, and Carisa Chappell
Joe Garrett added: “…if you keep mediocre producers around, it sends a message that you tolerate mediocrity…”
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Ninth-Ranked Originator loanDepot Sells $150 Million of Debt. No Word on Yield or Who Bought It

August 17, 2016
Paul Muolo
Initially, loanDepot planned to register 35 million shares of common at a target price of $16 to $18 a unit, which gave it a maximum valuation of $630 million.
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HUD IG Not Done with Scrutiny of Downpayment Assistance Program

August 17, 2016
George Brooks
The IG suggested that state HFA downpayment assistance programs are no different than the seller-funded DPA arrangements that led to huge losses for the FHA…
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Caliber Only Major Subprime Servicer to Show Growth in 2Q16

August 17, 2016
Brandon Ivey
However, Ocwen is still prohibited from buying bulk servicing rights until it receives regulatory approval from certain states…
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Top Wholesale Lender Happy to See PennyMac and Others Enter the Channel

August 17, 2016
Brandon Ivey
UWM’s Mat Ishbia said competition among wholesale table-funders is a good thing…
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Short Takes: Another MI M&A Deal in the Works? / Tony Renzi’s Stock Award / Fannie Reviewed Board Seat for CEO / Don Works for Free / Regions Works Out HUD Settlement

August 16, 2016
Paul Muolo and George Brooks
Keep in mind there are just seven MI firms writing new policies today so there are antitrust implications regarding two large players merging...
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Sequential Decline in Non-QMs at Impac Blamed on Refi Activity

August 16, 2016
Brandon Ivey
Impac president Bill Ashmore said that at the end of 2Q, the lender had a $115.0 million pipeline of non-QM originations, about level compared to the pipeline the lender had at the end of the previous quarter.
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Latest Imf News

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Featured Data

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Featured Reports

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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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