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3Q17 Results: Third-Party Lenders Gained Market Share in a Purchase-Heavy World

November 21, 2017
John Bancroft
In the broker channel, United Wholesale Mortgage once again dominated…
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Short Takes: Franklin Codel’s Immediate Plans / Forfeiture of Stock / Entitled to a Severance Package of $2 Million? / MBA Weighs in on CFPB’s Strategic Plan

November 21, 2017
Paul Muolo and Thomas Ressler
Codel joined the megabank in 1993. He’s a graduate of Harvard University with a degree in engineering science…
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One Week After Cordray Declared He’s Leaving the CFPB, Trump Still Hasn’t Named a Replacement

November 21, 2017
Thomas Ressler
So, where’s Mick?
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A 40-Page GSE ‘Draft’ Bill is Circulating in the Senate

November 21, 2017
Paul Muolo
As press time, details were sketchy, but lobbyists who claim to have knowledge of the draft caution there are several “different pieces” to the measure...
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(A Ton) of Mortgage Executives on the Move?

November 21, 2017
Paul Muolo
Industry consultant Paul Hindman: “There seems to be a growing number of participants in this year’s game of musical chairs."
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FHA’s ‘Tangible Benefit Test’ Might be the Solution to VA’s Churning Problem

November 21, 2017
George Brooks
However, a tool currently used by FHA appears to be an obvious solution to the churning problem…
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Publicly Traded Nonbanks Post Earnings Gain for 3Q17 – Thanks to PennyMac

November 21, 2017
John Bancroft
Excluding PennyMac, the eight remaining nonbanks had a combined $41.21 million net loss on mortgage banking activity…
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Phoenix Announces Two ‘Flow’ MSR Auctions

November 20, 2017
Paul Muolo
The Fannie/Freddie receivables would come primarily from California, Florida and Texas.
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GSE Sellers Take Baby Steps on Risk – but at a Glacial Pace

November 20, 2017
John Bancroft
This most-risky bucket accounted for just 2.6 percent of refi business in the third quarter...
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PHH Hires Former Freddie Mac Executive, CSS Consultant Celini as SVP

November 20, 2017
Paul Muolo
Celini also worked for Sun National and Ally Bank, formerly known as GMAC Bank…
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Latest Imf News

  • Ginnie Servicing Up in 3Q, Nonbanks Take More Share

  • First Horizon Selling $4.5 Billion of Mortgages at 10% Discount

  • Ginnie Making Improvements to its Tech Systems

  • M&T Bank Sees Boost in Mortgage Revenue From Subservicing

More Imf News

Featured Data

  • Seller Repurchases of GSE Loans Bounce Up in 2Q

  • Retail Share Rising in Conventional-Conforming

  • Refi Activity Plummets, Dragging Down Agency MBS in 3Q

  • ARM Production Rebounds

More Featured Data

Featured Reports

  • Agency Channel Analysis: 2Q26 (PDF)

  • Top Mortgage Players: 2Q26 (PDF)

  • Mortgage Profitability Report 2Q26 (PDF)

  • IMF Mortgage Directory: Full interactive database

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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