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Impac Not Ready to Resume Mortgage Originations

April 16, 2020
Brandon Ivey

Impac had hoped to resume lending again after a shutdown of two weeks. But that was then...


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At the CFPB, Mortgage Complaints Fell for the Third Consecutive Year

April 15, 2020
Yemeng Yang

Overall, mortgage citations accounted for only 8% of total gripes...


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Heads Up: Evidence of a Delinquency Deluge is Here (Ginnie)

April 15, 2020
John Bancroft

Ginnie MBS data show an increase of 72,224 loans recorded as 30 days past due from February to March. Some 56,266 of those newly delinquent loans were FHA-insured.


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The GSEs More Risk Averse in 1Q20? You Bet

April 15, 2020
John Bancroft

Only 11.22% of purchase-money mortgages purchased by the GSEs in the first quarter had FICO credit scores below 700. That was down from 12.05% in the fourth quarter and 14.66% a year ago.


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MBA’s New Application Reading Goes Positive Again; A Gain for NY, CA and WA

April 15, 2020
Paul Muolo

Believe it or not, purchase loan applications increased 16.4% in Washington, one of the first states ravished by the pandemic...


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Regulators Allow Banks to Delay Appraisals Until After the Loan Closes

April 15, 2020
Brandon Ivey

For certain residential mortgages, including refis, banks can delay obtaining an appraisal for up to 120 days after a loan closes.


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A 14% Production Drop for Bank of America; Deferrals Near 1 Million

April 15, 2020
Paul Muolo

In the home equity department, BofA actually increased lending to $3.02 billion in the first quarter from $2.99 billion in 4Q19.


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The Legal Pitfalls of Mortgage Forbearance Requests

April 14, 2020
Yemeng Yang

Federal and state laws prohibit intentional discrimination against protected groups...


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The First to Report in the COVID Era, Wells and JPM Unveil Huge MSR ‘Marks’ for 1Q20, Residential Originations Fall as Well

April 14, 2020
Paul Muolo

On the servicing front the news was grim. Wells revealed that its massive residential servicing portfolio declined in value by 29.4% from the prior period: $8.13 billion at March 31 compared to $11.52 billion at yearend.


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Ocwen Gets Warning Notice from SEC on Low Share Price

April 13, 2020
Paul Muolo

Ocwen said it received written notification on the violation from the NYSE on April 8.


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Latest Imf News

  • FHA, VA Drive Up Primary MI Volume in Second Quarter

  • Originations Decline at U.S. Bank in Second Quarter

  • Vought Urges Congress to Further Reform CFPB

  • M&T Adds Subservicing for Bayview

More Imf News

Featured Data

  • MBS/ABS Issuance Rises in 2Q26, But Momentum Stalls

  • Lenders Put an Emphasis on FHA, VA Loans in 2Q

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

  • Originations Decline Across All Channels in 1Q

More Featured Data

Featured Reports

  • 2026 Mortgage Market Statistical Annual (PDF)

  • GSE Repurchase Activity: Cumulative Through Fourth Quarter 2025 (PDF Format)

  • Guide to Mortgage Lending to First-Time Homebuyers

  • Mortgage Servicing Rights Report: 1Q26 (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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