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Short Takes: Quicken’s Message to Loan Brokers / A Big Gain in Quicken’s Broker Market Share? / Lennar Picks New CEO for its Mortgage Sub / Fintechs Should be in CFPB’s Complaint Database

September 4, 2018
Paul Muolo and Yemeng Yang
The marketing message from Quicken goes on to say: “Brokers are taking notice as we’ve doubled our market share over the last year..."
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Mortgage Banking Income at Depositories Held Steady in 2Q18, Call Reports Show

September 4, 2018
John Bancroft
For many depositories, there’s a significant mismatch between their reported mortgage banking income and what’s on their call reports…
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Lower GSE-Eligible Share in Latest Prime Non-Agency MBS from Flagstar

August 31, 2018
Brandon Ivey
All of the loans in the deal were originated by Flagstar...
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CFPB Clarifies HMDA Relief, Formal Rulemaking to Come Later

August 31, 2018
Yemeng Yang
The CFPB said 26 data points are no longer required for those covered lenders...
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In July, FHA Delinquencies Dropped Ever So Slightly

August 31, 2018
George Brooks
At the end of July, mortgage bankers serviced 7.9 million FHA loans. Wells Fargo ranked first with a market share of 19.2 percent.
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Competition for Jumbos Squeezing Margins

August 31, 2018
Brandon Ivey
John Anzalone of Invesco Mortgage: “In particular, there are a few very aggressive large buyers out there that get a lot of attention and have caused quite a bit of spread compression…”
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What We’re Hearing: Fannie and Freddie, 10 Years Gone / Betting on Two Stocks for Retirement / MBA Weighs In / Housing is Elemental / Meanwhile, Back at the Ranch, An Industry Grows Concerned

August 31, 2018
Paul Muolo
Meanwhile, a dozen or so mortgage, housing and consumer groups are putting the final touches on a new letter to Treasury Secretary Steven Mnuchin...
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Home Sales Likely to be Flat this Year with an Uptick in 2019

August 30, 2018
Brandon Ivey
Sam Khater, chief economist at Freddie Mac, said some prospective homebuyers didn’t complete transactions this summer due to a limited supply of homes for sale…
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MVFS Offering $1.6 Billion of GSE Bulk MSRs

August 30, 2018
Paul Muolo
In an interview this month, MVFS Executive Vice President Mark Garland described the MSR auction market as “very, very strong…”
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What’s Going on with the FHA’s ‘Defect Taxonomy’? Answer: Not Much

August 30, 2018
George Brooks
Despite calls by the industry to improve and clarify the process, the FHA has yet to make a move to meet industry demands for a more detailed defect taxonomy…
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Latest Imf News

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Featured Data

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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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