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Redwood Selling Assets at a Loss, Meeting Margin Calls

April 2, 2020
Brandon Ivey

Redwood has been able to meet margin calls but is selling mortgage securities at a loss.


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On the Decline in 1Q20: GSE Acquisitions of Loans with PMI

April 2, 2020
John Bancroft

Private MI business depends heavily on purchase-mortgage activity, and that’s where Fannie and Freddie saw the biggest decline...


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Extra CRA Credit for Low/Mod Lending During COVID-19 Pandemic

April 1, 2020
Yemeng Yang

Additional community development activities (loans, investments or services that support digital access, health care, small business operations and food supplies) will receive consideration for CRA credit during the pandemic.


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Subservicing Sector Continues to Grow

April 1, 2020
Paul Muolo

Ditech Financial, the nation’s 10th largest subservicer last time around, disappeared from the ranking because a large chunk of the company’s business, including subservicing assignments, was sold to New Residential Investment Corp.


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New Loan Applications Head North Amid Coronavirus Uncertainty

April 1, 2020
Paul Muolo

As New Jersey loan broker Brian Benjamin put it, “Most lenders I see now want a paystub within 30 days of closing and a verbal VOE [verification of employment] within five days of closing.”


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New 'Flexibilities' from the GSEs Might Actually Hamper Production

April 1, 2020
Dennis Hollier

The new “flexibilities” cover both originations and appraisals. On the origination front, Fannie and Freddie will reduce the acceptable age of income documentation on most loans to 60 days from 120...


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Banks Originating Jumbo Mortgages Despite Market Turmoil

March 31, 2020
Brandon Ivey

Some good news: The top five producers of jumbo mortgages all continue to originate the loans, despite the market turmoil caused by the coronavirus...


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FHFA Directs Fannie and Freddie to Wind Down ‘Up Front’ CRT Arrangements

March 31, 2020
Dennis Hollier

PennyMac Mortgage Investment Trust is one of just a handful of companies invested in what Fannie calls front-end CRT…


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No.-4 Ranked Servicer Cuts Dividend to Maintain Liquidity

March 31, 2020
Paul Muolo

Keefe, Bruyette & Woods said the dividend cut is in line with expectations. "However, we think investor focus remains on the company's ability to finance its non-agency MBS."


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MBA Pleads with Feds Over Margin Calls; Large Hedging Losses Feared

March 30, 2020
Paul Muolo
MBA is warning the implications for housing finance and home buying are dire...
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Latest Imf News

  • UWM Considering Selling MSRs in Smaller Batches

  • Deliveries to GSEs Shift to Higher-Risk Characteristics in 3Q

  • FICO Boosts Mortgage Score Revenue, Withholds Guidance

  • Non-Agency-Focused Arc Home Breaks Even in Third Quarter

More Imf News

Featured Data

  • Resets Drive CLO/CDO Issuance Higher in 3Q

  • Originations Tumble 16% in Third Quarter

  • Seller Repurchases of GSE Loans Bounce Up in 2Q

  • Retail Share Rising in Conventional-Conforming

More Featured Data

Featured Reports

  • Mortgage Profitability Report 2Q26 (PDF)

  • Guide to Mortgage Lending to First-Time Homebuyers

  • Mortgage Servicing Rights Report: 2Q26 (PDF)

  • Lender Profiles 2Q26: Top 25 (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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