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Home » Topics » News » IMFnews

IMFnews
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Short Takes: In Praise of Current GSE Management / Sharp Elbows When it Came to Lobbying / Awaiting a Revival? / One is the Loneliest Number (Stock Analysts) / New MBS from Redwood, New Rez / Stearns Exec Finds New Job

November 6, 2019
Paul Muolo and Brandon Ivey

If Fannie and Freddie are in fact released from conservatorship will they quickly rebuild their lobbying shops?


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Consolidation and Competition Reduces the Number of LOS Vendors

November 6, 2019
George Brooks

The decrease in LOS vendors comes courtesy of industry consolidation from M&A deals, fewer vendor offerings of multi-system platforms and the failure by some platforms to adapt...


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Is Trump Pondering a Ginnie Mae Pick? Or Something Else?

November 6, 2019
Paul Muolo

“Acting” is a title worn by many political appointees in the current administration…


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Deephaven to Issue its Largest Expanded-Credit MBS to Date

November 6, 2019
Brandon Ivey

The MBS marks the first deal from Deephaven since the firm was acquired by Pretium Partners.


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Short Takes: Time to Raid Your Competitor for LOs? / Watching Rates Rise / Apple Unveils Mortgage Assistance Program / IMA Selling S&D Loans / NAR Hires HUD Official, Deephaven Taps Quicken AE

November 5, 2019
Paul Muolo and Brandon Ivey

In case you haven’t noticed, the yield on the benchmark 10-year Treasury was at 1.86% as IMFnews went to press compared to 1.46% in early September. That’s a difference of 40 basis points…


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HUD Seeks Comment on Proposed Loan Level Certifications

November 5, 2019
George Brooks

HUD’s addendum to the Uniform Residential Loan Application form is being revised to reflect regulations, ensure accuracy of borrower information, reduce lender uncertainty and maintain FHA’s ability to enforce program requirements.


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Ellington Preps its Second Non-QM MBS of the Year

November 5, 2019
Brandon Ivey

All of the loans in the MBS were originated by LendSure Mortgage. Ellington owns a 45% stake in the lender and provides a warehouse line of credit to the firm.


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Refi Surge Bolsters Agency Retail Deliveries

November 5, 2019
John Bancroft

Purchase-loan activity increased significantly and continued to account for most agency business.


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Yet More Red Ink for Struggling Ocwen. Firm Finally Decides to Hedge Its MSRs

November 5, 2019
Paul Muolo

There was some positive news in the form of originations. Ocwen funded $412.2 million in forward and reverse mortgages in 3Q, declaring that its annualized run rate (based on October production) now totals $2.6 billion.


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Juiced by Originations, Mortgage Banking Income Soars in 3Q19

November 4, 2019
John Bancroft

JPMorgan Chase was the top earner in the third quarter with $886.0 million in mortgage banking fees and related income, a three-fold increase from the previous period. However, the huge gain comes with a significant asterisk…


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Latest Imf News

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