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A New Frontier for Disparate-Impact Investigations: Mortgage Servicing

June 20, 2019
Yemeng Yang

At a recent American Bankers Association conference, Cathryn Abshier, fair lending officer and vice president of compliance at Mr. Cooper, said the nation’s third-largest servicer is seeing state regulators focus on disparate impact in their fair lending examinations.


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loanDepot Plans to Hire 1,400 by Year-End

June 20, 2019
Brandon Ivey

loanDepot offers paid apprenticeships for entry-level employees and an Uber-like model that allows employees to work "anytime, anywhere, on their own schedule."


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On the Mend Big Time: The Wholesale-Broker Channel Posts Big Gains (UWM)

June 19, 2019
John Bancroft
The surging broker channel is attributable to rapid growth at United Wholesale Mortgage, by far the largest platform in the business. According to IMFresearch, no other table-funder comes close.
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Pretium Inks Deal to Buy Non-QM Lender Deephaven

June 18, 2019
Brandon Ivey

Varde partnered with Deephaven in 2014 to help fuel the lender's origination of non-QM loans. Pretium is a signficant player in the single-family rental market. Last fall the firm agreed to buy specialty servicer Selene Holdings from Lew Ranieri and his partners.


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In a Light Auction Market, MIAC Offers a $1B Package

June 12, 2019
Paul Muolo

MIAC has established a bid deadline of June 18…

 


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In Trying to Prevent a ‘Hard Stop,’ Freedom Mortgage Runs Afoul of HMDA

June 6, 2019
Yemeng Yang

The CFPB said the practice was not limited to a specific location, loan officer or time period...


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Short Takes: A Refreshing Assessment from Freddie’s Don Layton / Hey, Let’s Build an AU System Everyone Can Use (Maybe Not) / FHFA Pulls the Plug on Rate Survey / Booming Loan Originations. However… / CHLA Hires Industry Vet Willison

June 5, 2019
Paul Muolo

Freddie CEO Don Layton: "People tell me, ‘Well, let’s have a common AUS that everyone can use.’ My only data point on that is that to have a common system on the backend for the security (UMBS) took seven years and $2 billion to build…”


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What We’re Hearing: Waiting on Treasury’s GSE RFP / And the Advisory Contract Goes To… / Who Is Andrew Olmem? / Angel Oak’s New MBS / Losing Faith in Mr. Cooper (The Mortgage Company, Not the Teacher) / Hindman: Banks Fail When it Comes to Social Media

May 31, 2019
Paul Muolo

Will institutional investors like Berkshire Hathaway line up to buy a new class of stock issued by Fannie Mae and Freddie Mac? We may know soon... 


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Fitch Gives Freedom Mortgage a Thumbs Up

May 31, 2019
Paul Muolo
Fitch: Freedom will buy RoundPoint with cash on hand and "available" capacity on existing lines of credit...
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Short Takes: First American’s Systems Exposed? / Forensic Team Hired / Whatever You Do, Don’t Treat Your Employees Like Family / Another New Hire for FHFA / GSE Preferred Shares Repaid?

May 28, 2019
Paul Muolo
FHFA hires a new legislative affairs director...
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Latest Imf News

  • Fannie Net Income Hit $4 Billion in Second Quarter

  • Two Harbors Turns Profit in Final Quarter as a Public Company

  • Small GSE Servicers Increase Market Share

  • Bill Seeks to End CFPB's Budgetary Independence

More Imf News

Featured Data

  • LTV Ratios on GSE Deliveries Up in Second Quarter

  • Non-Agency MBS Issuance Declines Sharply in Second Quarter

  • Nonbanks Gain More Agency Servicing Share in Second Quarter

  • Ginnie Issuance Soars in 2Q; Purchase Mortgages Strong

More Featured Data

Featured Reports

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  • Agency Seller-Issuer Profile: 1Q26 (PDF)

  • 2026 Mortgage Market Statistical Annual (PDF)

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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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