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Amid the Pandemic, Auto Finance Drives Away in a Slumping ABS Market

July 24, 2020
John Bancroft

The vehicle-finance sector hit a pothole as new issuance skidded 26.0% from the first quarter to $21.61 billion. But that represented 62.9% of new ABS production for the second quarter.


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Are the Non-Agency COVID-19 Forbearance Numbers Reliable?

July 24, 2020
Brandon Ivey

In general, the nature of the non-agency market makes it difficult to standardize practices across the industry, let alone in individual MBS.


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CFPB Settles With Foreclosure Relief Firm for $3M

July 24, 2020
Yemeng Yang

The CFPB said Certified Forensic Loan Auditors charged each customer $1,495 upfront prior to providing any services.


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Origination Boom Creating ‘Millionaire’ Loan Officers? Yes, Some

July 24, 2020
Paul Muolo

One mortgage CEO suggested LOs might spend their hard earned money on a new Tesla or maybe a beach house...


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Dems Worry About OCC’s COVID-19 Preemption

July 23, 2020
Yemeng Yang

The OCC last month issued several bulletins on federal preemption, including one on states’ foreclosure moratoria...


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The Final (Amazing) Tally for 2Q20: $865 Billion, a 17-Year High

July 23, 2020
John Bancroft

The top gainer among the 20-largest originators: Guaranteed Rate of Chicago...


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A Slight Increase in Mortgage Repurchases by Depositories

July 23, 2020
John Bancroft

The call-report figures generally track buyback trends documented by Fannie and Freddie, though the bank figures may include repurchases and indemnifications linked to other buyers.


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Court Rules in Favor of RoundPoint, Allows M&A Lawsuit Against Freedom to Proceed

July 23, 2020
Paul Muolo

Freedom's proposed acquisition of RoundPoint Mortgage has turned into a legal mess...


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Another Quarterly Loss for New Residential, Originations Suffer

July 22, 2020
Paul Muolo

NRIC’s mortgage banking affiliate, NewRez, funded $8.3 billion of residential loans in 2Q20, a sequential decline of 27.2%...


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A Cloud Hanging Over Jumbos?

July 22, 2020
Brandon Ivey

Lenders across the nation are taking a close look at their jumbo underwriting standards, including market leader Wells Fargo...


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Latest Imf News

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Featured Data

  • GSE Buybacks Slow in 1Q, Freddie’s Pipeline Up

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  • Nonbank Tops Home Equity Lenders for First Time

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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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