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Lenders Make Plans to Recapture Borrowers With Refis

August 15, 2024
Brandon Ivey
Servicers have cited investments in technology to better track when a borrower might refinance, and investments in call center operations to complete the refis.
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Short Takes: ‘Soft Landing’ Still Possible / Neutral Housing Market / Pending Home Sales Decline / Newrez Launches Emergency Fund for Employees

August 15, 2024
Brandon Ivey
The economy is looking somewhat stronger than expected, based on data released Thursday.
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Banks’ Mortgage Earnings Steady in Second Quarter

August 14, 2024
John Bancroft
Among 26 public commercial banks, 17 took losses on their mortgage business in the second quarter.
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Refi Demand Jumps as Interest Rates Decline

August 14, 2024
Brandon Ivey
"While refi activity is up significantly over the last couple weeks, most borrowers would need mortgage rates to move much lower before they’re incentivized to refinance," said Mark Palim, deputy chief economist at Fannie Mae.
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UBS Selling Mortgage Servicer SPS for Breakeven Price

August 14, 2024
Brandon Ivey
Select Portfolio Servicing handled servicing on mortgages with an unpaid principal balance of $166.70 billion as of the end of June, according to estimates by Inside Mortgage Finance.
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IG Finds Major Holes in FHFA's IT System

August 14, 2024
Dennis Hollier
Loose IT security controls could have made it possible for a malicious employee, or an external party with access to that employee's account, to gain full control of the FHFA network.
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Short Takes: ‘Magical’ Number for Interest Rates / Some Home Price Depreciation / Fannie Selling RPLs / Loss for Fix-and-Flip Lender

August 14, 2024
Brandon Ivey
It's hard to pin down the "magical" number for interest rates that will unlock the housing market, according to the CEO of The Home Depot.
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Scotiabank to Enter Mortgage Warehouse Lending Space

August 13, 2024
Paul Muolo
Scotiabank hired the managing director of Chase's mortgage warehouse unit.
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Ginnie Volume Drives Up Agency MBS in July

August 13, 2024
John Bancroft
Ginnie MBS issuance increased by 8.3% on a monthly basis in July while GSE volume declined somewhat.
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Lender Trade Groups Caution CFPB on Mortgage Closing Costs

August 13, 2024
Shannon Clark
Any regulatory action resulting from the CFPB’s recent request for information must be grounded in the bureau’s statutory authority, the Mortgage Bankers Association said.
Read More
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Latest Imf News

  • Retail, Correspondent Channels Boost Government Lending

  • Fannie’s Investment Portfolio Shrinks in August

  • Ameritrust Files Suit Over Investor Fraud

  • Judge Sides With State AGs in CFPB Funding Lawsuit

More Imf News

Featured Data

  • Ginnie MBS Issuance Down in August as Refi Slide Continues

  • Banks Resume Adding to Mortgage Holdings in Second Quarter

  • Banks Continue to Add to Their ABS Portfolios

  • Jumbo Share of Originations Highest Since 2022

More Featured Data

Featured Reports

  • Mortgage Servicing Rights Report: 2Q26 (PDF)

  • Agency Seller-Issuer Profile: 2Q26 (PDF)

  • Mortgage Profitability Report 2Q26 (PDF)

  • IMF HMDA Dashboard: 2025

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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