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Short Takes: Will CIT be a Player in Mortgages? / Another New CEO for Union Mortgage / Credit Suisse Buying NPLs from Astoria / JPM Gets Some Credit / IMA in Market with $1B of MSRs

July 22, 2014
Brandon Ivey and Paul Muolo
Union Mortgage has been losing some of its top executives over the past year. A few months back, its president and CEO Robert Eastep departed for Stonegate Mortgage…
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FHA Endorsements Rise for 620 to 679 FICO Scores

July 21, 2014
George Brooks
The distribution of FHA borrower credit scores continued the migration seen in previous quarters, though at a slower pace in 1Q14.
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Jumbo Loan Quality Remains Strong, But It’s Still Hard Getting MBS Deals Done

July 21, 2014
Brandon Ivey
Even if home prices fall by 10 percent, most borrowers in jumbo MBS issued in recent years will have more equity than they had at the time of origination, said Grant Bailey of Fitch Ratings.
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Market Share Loss in Mortgages by Megabanks Bottoming Out?

July 21, 2014
Paul Muolo
But have layoffs by the megabanks hurt their ability to fund loans should mortgage rates fall further?
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Signing Bonuses for Loan Officers: $20k to $30k, Or Even More

July 21, 2014
Sherry Muolo
A signing bonus for an LO sounds nice, but keep in mind that a lender has to find a way to pay for that bonus, which could result in an increase in pricing.
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Freedom Mortgage Hires Six New Executives

July 21, 2014
Paul Muolo
On the residential side, the top hire was David Firestone, who carries the title of vice president of financial operations.
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Short Takes: A $300,000 Signing Bonus for an LO? / PennyMac Files to ‘Resell Shares’ / DBRS Updates Non-Agency Criteria / ‘House of Cards’ Star to Speak at MBA / So Long Eric Billings

July 21, 2014
Brandon Ivey, Paul Muolo, Sherry Muolo, and Charles Wisniowski
Did someone really pay a $300,000 signing bonuses to a new LO?
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Non-Agency MBS Issuance Sputtered in Second Quarter

July 18, 2014
John Bancroft
Nationstar Mortgage ranked first among non-agency MBS issuers, but its volume was tied to servicer advances.
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‘Flow’ Servicing Deals Rule the Roost, for Now

July 18, 2014
Paul Muolo
Did to raise cash in a tough origination market? Sell your MSRs.
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Put Ginnie Mae in Charge of All Government MBS?

July 18, 2014
Charles Wisniowski
Over five years, Fannie and Freddie would be wound down, but would be allowed to be sold and recapitalized as private entities with different business plans.
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Latest Imf News

  • Pennymac Top Originator for Non-Agency MBS Issued in 1Q

  • UWM Increases Bid for Two Harbors Again

  • Low Downpayment Borrowers Struggle to Compete

  • Voters Want More Housing Legislation Passed

More Imf News

Featured Data

  • Mixed Trends for Largest Ginnie Servicers in 1Q

  • Investment-Property Loans Drive Up ECM MBS Issuance

  • Mixed Trends for Mortgage Originations in 1Q

  • Mortgage Complaints Filed With the CFPB Surge in 1Q

More Featured Data

Featured Reports

  • IMF HMDA Dashboard: 2025

  • 2026 Mortgage Market Statistical Annual (PDF)

  • Mortgage Servicing Rights Report: 4Q25 (PDF)

  • Agency Seller-Issuer Profile: 4Q25 (PDF)

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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