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FHA Loan Production Soars; Quicken Dominates Again

November 30, 2015
George Brooks
Quicken Loans once again led the pack in FHA production, funding $3.77 billion in 3Q15, giving the nonbank a market share of 5.14 percent.
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Skyline CEO: Look for More Mortgage Lenders to Offer Personal Loans

November 30, 2015
Paul Muolo
Dallas also sized the comfort level on personal loans, saying the loan amounts would probably be in the range of $10,000 to $35,000.
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BKFS: Home Prices Up 5.5 Percent for the Year

November 30, 2015
Sherry Muolo
According to Black Knight’s home price index (HPI), the average home value is now $253,000, which is still lower than the June 2006 peak of $268,000.
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HUD OIG Issues Alert Regarding Use of Inflated Appraisals in HECM Refis

November 30, 2015
George Brooks
The HUD IG said it has investigated a number of HECM lenders suspected of using inflated appraisals in refinance transactions.
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MBS Investors Call for Feds to Set Minimum Standards for Non-Agency MBS

November 30, 2015
Brandon Ivey
Monique Rollins, deputy assistant secretary for the Treasury Department’s Office of Capital Markets, said the Treasury supports industry-driven efforts.
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Short Takes: Two is the Loneliest (FHA) Number / Three Banks Out of 20 / If You’re Funding $1 Billion or More, Time to Hire an Attorney? / Cross-Selling Under Fire?

November 30, 2015
Paul Muolo
At one point should a mortgage originator hire a full-time attorney to oversee compliance?
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Baseline Conforming Loan Limit for GSEs will Remain at $417,000 Next Year

November 25, 2015
Carisa Chappell
High-cost loan limits for Fannie Mae and Freddie Mac will increase in 39 counties next year, up to a maximum of $625,500.
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Servicing ‘Marks’ Ugly in 3Q, but It’s All in the Rearview Mirror, Right?

November 24, 2015
Paul Muolo
All of the red ink spilled on MSR marks in the third quarter will be reversed and turned into gains when servicers report their results early next year? “Generally, that’s correct,” said one mortgage CEO.
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CFPB Inspector General Has Five Agency Assignments Slated for 1Q16

November 24, 2015
Thomas Ressler
First on the IG's "to-do" list is an audit of the CFPB’s space-planning activities, largely in response to the bureau’s renovation of its headquarters building.
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It’s Thanksgiving Week but the MSR Auctions Keep Coming

November 24, 2015
Paul Muolo
The average loan size is $15.36 million, the average interest rate 3.60 percent.
Read More
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Latest Imf News

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