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Impac Posts Small Profit for 3Q17. Nonbank Says it’s Not for Sale

November 9, 2017
Paul Muolo
Impac says it’s not for sale, but sources contend the company is pitched by investment bankers quite frequently…
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A New Option Emerges: Downpayment ‘Protection’ for the Homebuyer

November 9, 2017
George Brooks
A spokesman described the new product as “an additional feature not unlike private mortgage insurance” although he refuses to call it an insurance policy…
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Short Takes: Angel Oak Rolls Out New Non-QM Product / A Banner Month for Citadel / Radian Says Don’t Worry About Clayton / Tax Overhaul and the MID? Relax / A New Hire for Stearns Lending

November 8, 2017
Paul Muolo
A handful of mortgage executives have suggested to us that trade groups are overreacting to the GOP’s tax overhaul plan and the way it treats the mortgage interest deduction...
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Another Quarterly Loss for PHH; Revenues Down Too but New CEO Sees Hope

November 8, 2017
Paul Muolo
Despite the red ink, PHH’s board approved a new $100 million share repurchase authorization…
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Treasury’s GSE Plan Still a ‘Work in Progress.' No Balance Sheet Allowed?

November 8, 2017
Paul Muolo
A guarantee fund would be developed to cover losses.
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Ellington Readies First Non-Agency MBS. Loans Supplied by LendSure Mortgage

November 8, 2017
Brandon Ivey
LendSure has financial backing from Ellington, among other investors…
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Capital One Will Exit Mortgage Business but will Keep MSR Portfolio

November 8, 2017
Paul Muolo
Back in February, Capital One’s Senior Director of Home Loans Eric Declercq left the company for a position at loanDepot.
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New HMDA Data Privacy Concerns Emerge in Wake of Data Breaches

November 8, 2017
Thomas Ressler
Heightened concerns have emerged about the effectiveness of the CFPB’s information security systems…
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Short Takes: The ‘Think-Tank’ GSE Hearing / More Red Ink for AAMC / AmeriSave’s New President / A Servicing Milestone for Flagstar / Equity Prime Hires New CFO

November 7, 2017
Paul Muolo and Carisa Chappell
Tuesday’s panel discussion has been dubbed the “think tank” hearing because it includes representatives from the Urban Institute, the Milken Institute and American Enterprise Institute…
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Ocwen Requests Oral Arguments in CFPB Case, Sans Trump’s DOJ

November 7, 2017
Thomas Ressler
The Trump White House has made it clear that it’s no fan of the CFPB, but the DOJ has yet to weigh in on the case…
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Latest Imf News

  • Fannie Economists Sharply Increase Interest-Rate Forecast

  • Mortgage Originations, Revenue Decline at U.S. Bank in 3Q

  • Prime Non-Agency MBS Issuance Up in 3Q

  • Agency MBS REIT Orchid Island Takes Loss in Third Quarter

More Imf News

Featured Data

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

  • ARM Production Rebounds

  • Originations of Home Equity Loans Rise 20% in 2Q

  • Origination Share Up for Nonbanks, Large Lenders in 2026

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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