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Short Takes: Changes for the HARP Program / Still Eligible: 143,000 / But Shrinking / Citadel Servicing Crosses $1B Mark / A New CIO for Freddie Mac

August 17, 2017
Paul Muolo
The FHFA estimates that roughly 143,000 GSE borrowers are still eligible to use the HARP program.
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Lenders Starting to Use Webcams to Close Loans

August 17, 2017
Brandon Ivey
The company is also working with Stewart Title...
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Mortgage Lenders Starting to Use Webcams to Close Loans, Providing Borrowers More Flexibility

August 17, 2017
Mortgage closings moved out of the office years ago to places more convenient for borrowers. Now, technology allows closing to occur without all the parties being present in the same place. United Wholesale Mortgage claims to be the first lender to have completed a “virtual e-closing” with a refinance that closed at the end of July. The lender allowed the borrowers and notary to use webcam technology and electronically sign all of the closing documents. Previously, lenders offering e-closings have required some in-person contact with a notary to e-sign closing documents. “This ultimately eliminates...
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Federal Appeals Court Rules Mortgage Underwriters are Entitled to OT Pay

August 16, 2017
George Brooks
Under this test, an employer must show that the employee is paid at least $455 per week…
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Mortgage Hiring Spree Tapering Off?

August 16, 2017
Paul Muolo
Another digital lender that’s hiring is NewFi Lending of Emeryville, CA…
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Fannie, Freddie Earnings Could Hit $10 Billion in 3Q17 Thanks to RBS Settlement

August 16, 2017
Paul Muolo
If the $10.4 billion figure proves accurate it will result in another hefty dividend payment by Fannie and Freddie to the holder of its senior preferred stock: the U.S. Treasury.
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For Sale by MountainView: $94 Million of NPLs/RPLs and More

August 16, 2017
Paul Muolo
Over the past three years MountainView has sold $3.8 billion of whole loans as measured by unpaid principal balance…
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Alternative Credit Scores for GSE Loans will Have to Wait for the Single-Security Project

August 16, 2017
Carisa Chappell
Mel Watt called the credit score explorations one of the “most difficult” evaluations he’s taken on as FHFA director.
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Short Takes: HUD Deputy Nominee Waits on the Senate, Still / Refis Rising? / A Private Placement for Ellington / Ellie Goes After the Big Boys / A Share Price Estimate of Zero

August 16, 2017
Paul Muolo
Mortgage software provider Ellie Mae said in a recent SEC filing that “part” of its business strategy is to target larger mortgage lenders...
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LIBOR is Being Phased Out. A Big Deal or Ho-Hum?

August 15, 2017
Paul Muolo
Fannie Mae and Freddie Mac are well aware of the issue and have leeway to replace LIBOR with another benchmark when the time comes, industry officials said.
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Latest Imf News

  • Agency MBS Issuance Down for Third Consecutive Month in July

  • CrossCountry Upsizes Planned Debt Offering Tied to Two Harbors

  • Consumer Advocates Oppose CRA Proposal From FDIC, OCC

  • TPG REIT to Focus on HELs Despite Cherry Hill Acquisition

More Imf News

Featured Data

  • Mortgage Complaints to CFPB Hold Steady in Second Quarter

  • Largest Servicers Lose Ground in Second Quarter

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

More Featured Data

Featured Reports

  • IMF HMDA Dashboard: 2025

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  • Mortgage Servicing Rights Report: 1Q26 (PDF)

  • Lender Profiles 1Q26: Top 25 (PDF)

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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