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Still Festering: the VA IRRRL ‘Orphan’ Loan Mess

July 17, 2018
Paul Muolo
“We want to get more bidders involved,” said MBA’s Pete Mills…
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Nonprime Mortgage Executive Calls Investor Demand ‘Unlimited’

July 17, 2018
Brandon Ivey
Some Wall Street firms are now quietly extending repo lines to originators of non-QMs...
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Nationstar Reports 2Q18 Results: Income and Servicing Down, Originations Up

July 17, 2018
Paul Muolo
Nationstar said it continues to “evaluate significant servicing growth opportunities” and expects to end 2018 with at least $530 billion of MSRs...
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Despite a Slim Profit Margin, Redfin Hopes to Raise $239 Million by Selling Equity and Debt

July 17, 2018
Paul Muolo
The company released an estimate of earnings for the second quarter of 2018, forecasting a profit of $2.6 million to $3.2 million on revenues of about $142.1 million.
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Court Rules FHFA’s Structure Violates the Constitution. But Upholds Treasury Sweep

July 17, 2018
Carisa Chappell
The court said Congress encased the regulator in layers of insulation, which limits the president’s power to remove and replace the FHFA director...
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Short Takes: A Change of (Jumbo) Heart at Wells Fargo / An Anti GSE ‘Intifada’? / Looking the Other Way on Charter Creep? / DeMarco for FHFA Director? / Production Official Bolts Movement Mortgage for Union Bank / Correction

July 16, 2018
Paul Muolo, John Bancroft, and Brandon Ivey
Capital Alpha said its choice to be the next FHFA director is Ed DeMarco, who held the job once before...
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Trades Urge Congress to Extend NFIP. NAR Fears Lost Home Sales…

July 16, 2018
George Brooks
NAR fears a major loss in home sales...
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Phoenix Announces GSE Flow MSR Auction

July 16, 2018
Paul Muolo
The average loan size could be as high as $227,000…
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High DTIs and Other Concerns at FHA Give Way to Weekly ‘Triage’ Meetings

July 16, 2018
Paul Muolo
Among FHA loans endorsed in April and May, only 41.9 percent were at or below the benchmark DTI test for qualified mortgages, which is 43.0 percent.
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A 23 Percent Increase in Home Lending for Bank of America

July 16, 2018
Paul Muolo
Bank of America no longer breaks out mortgage income separately.
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Latest Imf News

  • Interest Rates on Mortgages Still Rising

  • GSEs Extend Deadline for Adoption of Uniform Appraisal Dataset Revision

  • Banks Reduce Holdings of Residential MBS in Trading Accounts

  • Insurance Affiliate to Buy Majority Stake in Invictus

More Imf News

Featured Data

  • Ginnie MBS Issuance Down in August as Refi Slide Continues

  • Banks Resume Adding to Mortgage Holdings in Second Quarter

  • Banks Continue to Add to Their ABS Portfolios

  • Jumbo Share of Originations Highest Since 2022

More Featured Data

Featured Reports

  • IMF Mortgage Directory: Full interactive database

  • Mortgage Servicing Rights Report: 2Q26 (PDF)

  • Agency Seller-Issuer Profile: 2Q26 (PDF)

  • Mortgage Profitability Report 2Q26 (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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