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More Pain, No Gain for Nation’s Largest Home Lenders

June 28, 2018
John Bancroft
With loan production hitting a wall at the megabanks, layoffs are likely to ensue...
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The Wells Fargo Layoff Tally for June: 400 and the Month’s Not Over Yet

June 28, 2018
Paul Muolo
Wells Fargo is the nation’s largest home lender and a bellwether for the overall market.
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Freddie Extends Appraisal Waivers to Condo Purchases and Refis

June 28, 2018
Carisa Chappell
Now, eligible condo loan borrowers can take advantage of the appraisal waiver if ACE deems it unnecessary.
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Short Takes: Ralph Nader Has Some Unkind (And That’s Putting it Nicely) Words for CFPB’s Mulvaney / Mulvaney Viewed Favorably Elsewhere / Nader and the GSEs (Remember that One?) / More M&A for Union Home / A New Hire for Mello

June 28, 2018
Paul Muolo
A few years back, Nader went to bat for Fannie Mae/Freddie Mac shareholders suing the federal government over the GSE net worth profit sweep...
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Carson: HUD is Examining Policies that Go Beyond FHA’s Core Mission

June 28, 2018
George Brooks
In April 2018, more than 24 percent of FHA homebuyers left the closing the table with debt-to-income ratios at or above 50 percent, up from 20 percent from the same period last year.
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It’s Official: Ditech is on the Auction Block, Hires Houlihan Lokey

June 28, 2018
Paul Muolo
The nation’s 12th largest servicer of residential loans said other options include a “business combination” or maintaining its status as a standalone entity.
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Ditech is on the Auction Block. But Who Will Buy It?

June 28, 2018
Paul Muolo
Nationstar might be a suitor...
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A Decline in FHLB Advances. Big Drops for JPM and Wells

June 27, 2018
Carisa Chappell
The figures show that compared to the first quarter of 2017, both JPM and Wells greatly reduced their FHLB borrowings…
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Short Takes: HUD Chief Carson Gives a Target Date for FHA Condo Rule / Different Agencies, Different Criteria / No Changes in Ratings on Fannie and Freddie / Angel Oak Promotes Jumbo Loan / FHFA IG Official Steps Down

June 27, 2018
Paul Muolo, George Brooks, and Carisa Chappell
FHA may soon have a new condo lending rule, but one lobbyist called it "four years too late..."
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CDFI-Designated Lender Inks Deal to buy Oregon Retailer LoanStar. Buyer will Beef Up Non-QM Production

June 27, 2018
Paul Muolo
LoanStar was founded five years ago by industry veteran Mike Baldwin…
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Latest Imf News

  • Home Equity Loan Originations Increase by 20% in Second Quarter

  • FHFA IG Blasts Budget Cut, Massive Layoffs Likely

  • GSE MBS Investors Could Penalize Loans With VS4 Scores

  • Fitch Downgrades Wells Fargo’s Servicer Ratings

More Imf News

Featured Data

  • GSE MBS Issuance Increases in August

  • Mortgage-Banking Profits on Production, Servicing Decline in 2Q

  • Banks Shed MBS/ABS From Trading Accounts in 2Q

  • Rocket, Cenlar Subservicing Portfolios Decline

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?

View Results
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