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Retail Share of Jumbo Originations Declined Slightly in Early 2017

June 9, 2017
Brandon Ivey
The retail channel accounted for 79.3 percent of the $49.49 billion of jumbo originations reported by a diverse group of top lenders in the first quarter…
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Fannie/Freddie Shareholder Cases Still Linger in Court; New Case Filed in MI

June 9, 2017
Carisa Chappell
The plaintiffs allege the net worth sweep of the GSE profits is the clearest manifestation of the FHFA’s “overarching policy” to operate Fannie and Freddie for the exclusive benefit of the federal government.
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The Mortgage CEO Turnstile is Spinning a Little Faster These Days

June 8, 2017
Paul Muolo
At PennyMac, Stan Kurland’s departure is tied to succession planning of a lender/servicer that has produced solid profits the past few years...
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The 1Q17 Tally: Jumbo Production Off by Almost 33 Percent; JPM #1 in Non-Agency Jumbos

June 8, 2017
John Bancroft
JPMorgan Chase ranked first among all non-agency jumbo originators in 1Q17, funding $10.88 billion in product. Wells Fargo was second…
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Top 25-Ranked Lender Franklin American Removes Several Overlays

June 8, 2017
Carisa Chappell
Franklin also expanded guidelines to allow for cash-out refinance transactions on investment properties.
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Fay Says it Settled CFPB Dual-Tracking Case to Put the Matter Behind It

June 8, 2017
Paul Muolo
On average, the loans that Fay Servicing boards are more than 700 days past due.
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Seneca Mortgage Ready to Unload a $55 Billion MSR Package?

June 8, 2017
Paul Muolo
At March 31 Seneca’s residential servicing portfolio totaled $61.75 billion, making the company the nation’s 25th largest processor of loans.
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Flagstar Moves to Protect Mortgage Revenue with M&A Deals

June 8, 2017
Brandon Ivey
With the Opes transaction, Flagstar acquired 39 retail offices on the West Coast, supplementing the 99 retail branches it already had in Michigan and 43 other retail home lending offices across the nation.
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Short Takes: In Defense of the CFPB / A Hit Job? / Sale of EverBank to TIAA Ready to Close / ABA: TRID Changes are Needed / Pagliara’s GSE Lawsuit Dismissed

June 8, 2017
Carisa Chappell, Paul Muolo, and Thomas Ressler
Meanwhile, Rep. Maxine Waters, D-CA, issued a statement Thursday morning, defending the CFPB...
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Refis Continue to Fizzle, Dimming Some of the Glow from a Surging Purchase Market

June 8, 2017
John Bancroft
Purchase loans accounted for a whopping 61.9 percent of the agency MBS market in May…
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Latest Imf News

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Featured Data

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Featured Reports

  • Mortgage Servicing Rights Report: 3Q25 (PDF)

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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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