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Purchase Market Starts to Percolate, as First-Timers Pull Their Weight

June 30, 2017
John Bancroft
Purchase-mortgage volume has been gaining speed since bottoming out in February…
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Private Sector Tries to Lay Groundwork for Key Servicing Policy Decisions

June 30, 2017
Brandon Ivey
The goal of the collaborative: to produce research papers that will lay the groundwork for policy recommendations over the next two years…
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When it Comes to Mortgage-Tech ‘Disruptors,’ Failing is Part of the Innovation Process. Right?

June 30, 2017
Paul Muolo
As one veteran mortgage consultant put it: “There are no Amazons in this industry,” a reference to the online giant…
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A Growing Fear: Using the False Claims Act to Punish Mortgage Servicers

June 29, 2017
George Brooks
Over the past 18 months or so, the DOJ has expanded FCA use to reverse mortgages and loan servicing, according to attorneys Phil Schulman and Kristie Kully…
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House Panel May Take Up GSE Reform After All

June 29, 2017
Carisa Chappell
Rep. Luetkemeyer stresses that housing finance reform is a “very difficult” issue…
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Ginnie Mae is Now Number Two in MBS Outstanding, but Nonbanks Aren’t Exactly Lining Up to Get Approved

June 29, 2017
Paul Muolo
New applications from issuer-wannabees is at the lowest point in nearly eight years, the agency estimates.
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Angel Oak Set to Issue its Largest Nonprime MBS Deal to Date

June 29, 2017
Brandon Ivey
It’s the fourth trip to the nonprime MBS well for Angel Oak…
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The Tally: 54 Nonbanks in the Top 100; Little Change in Mortgage ‘Demographics’ for 1Q17

June 29, 2017
John Bancroft
Banks, thrifts and credit unions accounted for 50.5 percent of first-lien mortgage production by the top 100 lenders in the first quarter, according to survey figures compiled by Inside Mortgage Finance…
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After Stepping Down as PHH CEO, Messina Will Remain as a Consultant, Earning $75K

June 29, 2017
Paul Muolo
Glen Messina is no longer CEO of PHH, but he will be hanging around nonetheless…
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Beware of Promises Made by Mortgage Disruptors? Or Is Failing Just Part of the Innovation Process?

June 29, 2017
Sindeo, a mortgage technology-centric company billed as a “disruptor” in some quarters of the industry, closed its doors earlier this month, spurring new talk that making headway via innovative software isn’t so easy – especially in a challenging origination market. As one veteran mortgage consultant put it: “There are no Amazons in this industry,” a reference to the online giant that has profited by causing a wave of destruction in the traditional retail space, including clothing stores and book outlets. Regarding Sindeo’s collapse, Jordan Brown, CEO of MarketWise Advisors, added...
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