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Plenty of Talk About Mortgage M&A; RPM Mentioned as a Buyer, but Will Refis Slow or Increase the Probability of Deals?

February 18, 2016
RPM Mortgage has acquisitions on its mind once again and could be an aggressive buyer of other lending shops this year, according to industry advisors – if only falling interest rates didn’t get in the company’s way. It was originally thought that 2016 could be a robust year for mortgage mergers-and-acquisitions activity, but tumbling interest rates are making some owners think twice about selling – or getting picky about what they’re willing to take. For buyers, the best time to pounce is...
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The GSEs' HARP Program: Going, Going, Just About Gone?

February 17, 2016
John Bancroft
What might replace the GSEs' HARP program? Maybe nothing...
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The Final Tally on FHA Originations: Up 77 Percent in 2015. Credit the MIP Cut?

February 17, 2016
George Brooks
Thanks to the MIP cut, it was FHA's best year since 2010.
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REIT Rethinks Jumbos: Hatteras Will Reduce Presence in the Market

February 17, 2016
Brandon Ivey
At Hatteras Financial jumbos are "out" and mortgage servicing rights are "in"...
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Gone but Not Forgotten: Ocwen Founder Erbey Controls 17 Percent of the Company

February 17, 2016
Paul Muolo
Bill Erbey controls blocks of Ocwen's stock in his own name, but also through limited partnerships and limited liability corporations.
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Warehouse Provider’s New ‘Mortgage Correspondent Aggregation’ Business Experiences Turbulence

February 17, 2016
Paul Muolo
Texas Capital said the economics of the program are not as strong as originally projected...
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Short Takes: High Production Volume Isn’t Everything / More Loans Mean More Compliance Risk / European-Based Banks Eyeing Mortgage Pullback? / Mortgage Layoffs at Wells / New Hires for FGMC, Silver Hill

February 17, 2016
Paul Muolo
Wells Fargo continues to cut workers tied to the servicing function...
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Jumbo Originations Up Nearly 40 Percent in 2015; Market Share Highest in 10 Years

February 16, 2016
Brandon Ivey
Eight of the top 10 jumbo producers in 2015 were banks...
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Is Quicken’s BPMI Bid Potential Trouble for MI Firms?

February 16, 2016
Paul Muolo
But is the mega-lender advocating for consumers or is it another bold attempt to gain market share and thus increase profits? Industry consultant David Lykken noted: “Quicken’s being smart – they’re using their leverage.”
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Just How Dominant are Nonbanks in FHA Direct Lending? Unbelievably Dominant

February 16, 2016
George Brooks
The tone for banks likely was set by JPMorgan Chairman and Chief Executive Jamie Dimon, who in 2014 warned that without a safe harbor, his bank would be very cautious about FA lending going forward…
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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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