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Short Takes: Layoffs of Almost 1,000 at Ditech / Employee Retention Woes / Fannie Mae is a Large Customer / JPMorgan Readies Another Prime Non-Agency Deal / Quicken Teams up with Airbnb-Like Firm

April 18, 2019
Brandon Ivey and Paul Muolo

The Chapter 11 bankruptcy filing also reveals that Fannie Mae is a large subservicing client of Ditech’s, though not its largest. That distinction belongs to New Residential Mortgage, the REIT…


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IG: CFPB Examined Nonbanks Outside Its Jurisdiction

April 18, 2019
Yemeng Yang

The CFPB OIG found that the supervisory team, multiple times, scheduled examinations at institutions it had no authority over.


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JPM Has a New Mortgage (Consumer) Chief: Marianne Lake

April 18, 2019
Paul Muolo

The Lake promotion comes about two weeks after JPM Chairman and CEO Jamie Dimon in a letter to shareholders said the megabank is considering significant changes in its home lending operations...


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Short Takes: A ‘Perfect Storm’ Hammered Mortgage Profits / How Bad? Try 2008 / Ocwen Grants CEO Messina Stock Awards / Colony Set to Buy PFB Mortgage / Evolve Hires Former Wells Executive as Mortgage President

April 17, 2019
Paul Muolo

The negative factors include higher rates, lower originations, and rising expenses, resulting in the lowest net production income per loan reading since 2008...


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No Decision Yet on Curbing Access to the CFPB’s Complaint Database

April 17, 2019
Yemeng Yang

It's been nearly a year and the CFPB still hasn't acted on what to do about the complaint database...


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M&A Heats Up: Home Point Buys Wholesale Lender, RE Tech Firm Acquires Direct Funder

April 17, 2019

Willie Newman's Home Point seems to have acquisitions on its mind these days...


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Rates Creeping Back Up and That Means One Thing: Lower Applications

April 17, 2019
Paul Muolo

No one in the industry is hitting the panic button quite yet. After all, it’s the spring home buying season...


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360 Mortgage Plans Up to $1.0 Billion of No-Income, No-Asset Mortgages

April 17, 2019
Brandon Ivey

360 Mortgage is focusing on non-owner-occupied investment properties, which aren't subject to ability-to-repay requirements...


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A Weak Start for Ginnie MBS Issuance

April 16, 2019
John Bancroft

Ginnie production hadn’t been that low since the second quarter of 2014...


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GE Hit with $1.5 Billion Penalty from DOJ for Problems with Pre-Crisis Mortgages

April 15, 2019
Brandon Ivey
WMC Mortgage "jacked up volume without controls," according to a member of General Electric's corporate audit staff.
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Latest Imf News

  • Jumbo Mortgages Gain Originations Share in Second Quarter

  • Senate Committee Advances Johnson’s CFPB Director Nomination

  • MBS Investors, Lenders Ponder GSE Score Disclosures

  • Verus Expanding Into Prime Non-Agency MBS Issuance

More Imf News

Featured Data

  • Banks’ Mortgage Income Down in First Half

  • Mortgage Repurchases by Banks Increase in 2Q

  • Big Bank Borrowing Boosts FHLBank Profits in 2Q

  • Homebuying Boosts Agency MBS Issuance in August

More Featured Data

Featured Reports

  • IMF HMDA Dashboard: 2025

  • Agency Channel Analysis: 2Q26 (PDF)

  • 2026 Mortgage Market Statistical Annual (PDF)

  • Guide to Mortgage Lending to First-Time Homebuyers

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?

View Results
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