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Banks Continue to Invest in First Liens; Holdings Up 4.1 Percent

March 12, 2018
Brandon Ivey
Wells remained the top portfolio holder at the end of 2017, though Chase and BofA grew faster.
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M&A Market Heats Up; Skyline Entertaining Takeover Talks?

March 12, 2018
Paul Muolo
Consultant Dave Lykken: “There are some firms out there that are just flat out of cash. They just didn’t get ahead of this thing.”
Read More

Mortgage Brokers Add Jobs, Bankers Don’t; JPM, Quicken, Others are Hiring

March 12, 2018
Paul Muolo
Quicken Loans continues to hire technology-related workers…
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Citadel Loosens Underwriting Standards on Nonprime Products, Citing Strong Loan Performance

March 12, 2018
Brandon Ivey
Citadel introduced a 5/1 hybrid adjustable-rate mortgage and a 5/25 interest-only term loan…
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KBW Issues Caution on New Freddie MI Pilot; Looks Like USMI Implored FHFA to Kill the Product?

March 12, 2018
Paul Muolo
The USMI fears the pilot “marks an unprecedented encroachment of Freddie Mac’s footprint into primary mortgage markets…”
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Short Takes: Amazon Wants to Enter the Mortgage Industry (Good Luck with That) / Who is Nick Clemente? / Risk and the GSEs / Essent’s Risk-Sharing Deal / A New Hire for Recovco

March 12, 2018
Paul Muolo and Brandon Ivey
From what we understand, the Amazon executive spearheading the effort is Nick Clemente...
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Agency MBS Production Slumped in February

March 9, 2018
John Bancroft
Higher mortgage interest rates are squashing the refinance sector…
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Broker Group Continues Attack on What it Views as Unfriendly Wholesalers

March 9, 2018
Brandon Ivey
Six lenders were deemed by BRAWL to be true partners, including Plaza Home Mortgage and United Wholesale Mortgage…
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Attorneys Expect Changes to CFPB Policy on ‘No Action’ Letters

March 9, 2018
Yemeng Yang
Donald Lampe, a partner in Morrison & Foerster, said: “the basic design of the no-action letter process was not very effective from day one,” because of excessive burdens it imposed on applicants.
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Will the White House Tap Michael Bright to be the Permanent President of Ginnie?

March 9, 2018
Paul Muolo
Before going into government service, Bright co-authored a housing-finance reform paper with former Federal Housing Finance Agency Acting Director Ed DeMarco…
Read More
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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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