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Short Takes: Varde Who? / Rich Investors Making Money Off Subprime / The 10-Year Goes South / Radian Set to Report Earnings / Does the CFPB Dislike Mortgage Brokers?

October 15, 2014
George Brooks, Paul Muolo, and Thomas Ressler
Deephaven founder Matt Nichols isn’t ready to provide details on the subprime lender's game strategy quite yet...
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NAR Goes to Bat for ‘Mini-Corr’ Lending Channel

October 14, 2014
Thomas Ressler
Under a “mini-corr” arrangement, a warehouse lender provides a line of credit to a loan broker, transforming that broker into an actual funder instead of just a loan facilitator.
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Consumer Complaints Filed with the CFPB Fell by Double Digits in 3Q

October 14, 2014
Thomas Ressler
When it comes to individual lenders, most of the top 50 targets of consumer gripes generally either stay in the same ranking or move up or down one or two levels.
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Is Wells Fargo Losing its Origination Mojo?; 3Q Fundings Almost Flat

October 14, 2014
Paul Muolo
Compared to the same quarter a year ago, residential originations fell 40 percent at Wells. At JPM the downdraft was even worse...
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Walter Reveals Additional Scrutiny on its Servicing Practices; It Met With AGs

October 14, 2014
Paul Muolo
The $17 million reserve will be booked as part of Walter's third quarter earnings.
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Just One Nonbank Had a Jumbo Market Share North of 1 Percent

October 14, 2014
Brandon Ivey
Banks were the top nine jumbo lenders, led by Wells Fargo with $41.49 billion in originations, accounting for a healthy 15.8 percent of all jumbo lending.
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Short Takes: Walter Joins the ‘New Low’ Club / When Will the ‘Dark Days’ End for the Public Nonbanks? / ETA on Wingspan Announcement? / MBA Wants Faster Action on a Single Security / In MI We Trust

October 14, 2014
Paul Muolo and Charles Wisniowski
Specialty servicer Wingspan is expected to issue a press release this week, providing some clarity about a change of control at the company and the future of its founder...
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FHA Loan Reviews Continue to Find Defects

October 13, 2014
George Brooks
Given the wide gap between the initially unacceptable findings and the subsequent “refresh” results, some lenders may ask the FHA to discontinue its disclosure of initially unacceptable findings.
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A Sign of Hope for Regulatory Relief: CFPB Proposes Program for Lender ‘No-Action’ Letters

October 13, 2014
Brandon Ivey
However, the CFPB official said the no-action letters would not give a requesting entity an exemption from complying with any statutory or regulatory rules.
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MBA Wants to Reopen the Debate on Basel III Cap for MSRs; 50 Percent for Thrifts?

October 13, 2014
Paul Muolo
One forensic accountant said of the matter: “Basel basically treats MSRs as a toxic asset. It’s a huge topic.”
Read More
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Latest Imf News

  • Refi Lending Spikes in 4Q, Purchase Mortgages Slow

  • Delinquencies Climb During Fourth Quarter, Led by FHA

  • GSEs Getting Aggressive With Cash Window Pricing

  • Onity’s Earnings Helped by Release of Tax Valuation Allowance

More Imf News

Featured Data

  • FHA Delinquencies Rise to Pandemic Levels

  • Expanded-Credit MBS Issuance Slows in 4Q

  • New Nonbank Servicing Giant Emerges in Fourth Quarter

  • January Ushers In New Year With Modest Gain in MBS

More Featured Data

Featured Reports

  • Mortgage Servicing Rights Report: 3Q25 (PDF)

  • IMF Mortgage Directory: Full interactive database

  • Agency Seller-Issuer Profile: 3Q25 (PDF)

  • IMF HMDA Dashboard: 2024

More Latest Reports

Featured Poll

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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