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Investment Banker Craig Phillips is Treasury's ‘Point Person’ on GSE Reform

April 11, 2017
Paul Muolo
One trade group said Phillips has already reached out to the industry, gathering opinions on key issues facing the market, including Fannie and Freddie…
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With Originations Down in 1Q17, Lenders Keep an Eye on Expenses; Some Banks Pondering FHA Again?

April 11, 2017
Paul Muolo
“There are a couple of big banks looking at FHA again,” said the consultant, but he declined to identify the shops, citing client confidentiality.
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Mortgage Brokers Lost GSE Market Share in 1Q17; Lowest Reading in Six Years

April 11, 2017
John Bancroft
A new Inside Mortgage Trends analysis reveals that the supply of mortgages originated in the wholesale-broker market fell 42.8 percent during 1Q17…
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UWM Parent Agrees to $1.4 Million Settlement with California for Improper Interest Rate Charges

April 11, 2017
Brandon Ivey
CEO Mat Ishbia said the interest-rate issue concerned just 5 percent of the lender’s loans that were closed in California between 2011 and 2014. “We didn’t benefit one penny and not one borrower was harmed,” he said.-
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Mortgage Employment Keeps Rising, but for How Long?

April 11, 2017
Paul Muolo
Jeff Detwiler, president of Long & Foster, which also owns a mortgage banking firm, said the company’s attrition rate “is at its lowest.”
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Treasury Backs Away from Supporting Current FHFA Structure

April 11, 2017
Carisa Chappell
In a March 24 advisory, the Treasury Department announced its change of heart regarding the legal structure of the FHFA…
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Short Takes: Consumer Complaints Center on Credit Bureaus / LenderLive Completes PHH Deal / New Rez Issues Non-Agency MBS / Ben Carson’s ‘Listening Tour’ Arrives in Jacksonville, FL / Norcom Opens Denver Branch

April 11, 2017
Brandon Ivey, Paul Muolo, and Thomas Ressler
LenderLive hired a majority of the former PHH employees and rebranded the private-label facility...
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Mortgage Complaints Down Without Exception, Data Show

April 10, 2017
Thomas Ressler
Compared to the fourth quarter of last year, mortgage complaints declined by 14.8 percent.
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Are Nonbanks Losing Their Mojo with Fannie and Freddie? GSE Market Share Slips Again

April 10, 2017
John Bancroft
Single-family volume was down from the unusually high level in the fourth quarter of last year…
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Phoenix Capital Selling $2.5 Billion of Bulk GSE Servicing Rights

April 10, 2017
Paul Muolo
It’s not often that FHLB servicing rights hit the auction block…
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Latest Imf News

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Featured Data

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Featured Reports

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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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