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Depositories Post Improvement in Mortgage Banking Income

August 29, 2017
John Bancroft
In aggregate, banks and thrifts earned $3.72 billion from mortgage banking activities during 2Q17…
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New Online Lending Platform Hopes to Put Loan Officers Out of Work

August 29, 2017
Thomas Ressler
“The NOLO platform allows customers to complete the mortgage lending process entirely online without the industry standard loan officer interference at each step,” 360 said.
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Clayton Launches Service to Help Issuers Enter the Non-Agency MBS Market

August 29, 2017
Brandon Ivey
A growing number of mortgage lenders and aggregators are actively considering entry into the private label securitization market, says Clayton President Jeff Tennyson…
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GSE Loan Buybacks Edge Higher in 2Q17; Legacy Issues Fading Slowly

August 28, 2017
John Bancroft
The vast majority of Fannie buyback activity involves loans sold into MBS issued since 2015…
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Texas Mortgage Bankers React to Hurricane: It’s Terrible; Thousands of Loan Closings Delayed

August 28, 2017
Paul Muolo
“Before a loan closes there will need to be [property] reinspections,” said Pete Mills, senior vice president of residential policy and member engagement for MBA.
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Bayview Mixes New and Seasoned Loans Together for New Non-Agency MBS

August 28, 2017
Brandon Ivey
Mortgages in the deal were originated by a variety of lenders, none of which were identified…
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Former FHLB President Pollock: Bailout of GSE Sub Debt was a Bad Idea

August 28, 2017
Carisa Chappell
Pollock criticized the Treasury Department’s decision to pay off $13.5 billion of subordinate GSE debt at the start of the conservatorships nine years ago...
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Short Takes: Cherry Creek Mortgage Chairman Resigns. Why? / Healthcare Benefits Extended to Same Sex Couples / Hurricane Harvey, the Aftermath / Cancelling Closings as the Storm Approached / A New High for Home Prices

August 28, 2017
Paul Muolo and Sherry Muolo
The day before, Cherry Creek Mortgage issued a statement saying it would extend health care benefits to cover same-sex couples “effective immediately.”
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Fannie Mae Tallies Loans Affected by Hurricane Harvey: $5.12 Billion and Counting

August 28, 2017
Paul Muolo
A spokeswoman for Fannie said, “While the situation on the ground remains uncertain, areas impacted are subject to change…”
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CFPB Cuts Community Lenders Some HMDA Slack for HELOCs

August 25, 2017
Thomas Ressler
The CFPB is loosening regulations amid rumors that agency Director Richard Cordray may soon depart to run for governor of Ohio…
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Latest Imf News

  • Servicing Share for Rocket, Chase Down in Second Quarter

  • Income Declines at Rocket After Slow Spring Homebuying Season

  • MBS Investors Call for Changes With GSEs’ Credit Score Framework

  • Weak Jobs Report Could Delay Rate Hike by Fed

More Imf News

Featured Data

  • Largest Servicers Lose Ground in Second Quarter

  • MSR Transfers Increase in 2Q, UWM’s Sales Spike

  • Reset Activity Drives 2Q26 Boost in CLO/CDO Issuance

  • Originations Increase in 2Q Amid Headwinds From Rates

More Featured Data

Featured Reports

  • Guide to Mortgage Lending to First-Time Homebuyers

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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?

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