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CFPB Suffers Another RESPA Blow; A Victory for Affiliated Business Arrangements?

July 18, 2017
Thomas Ressler
It’s unclear whether the CFPB will appeal the decision. Bureau officials declined to comment.
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Short Takes: EverBank CEO Now the Head of LenderLive / Strong Volumes at Skyline / Refi Shops Hurting / Walter Files Layoff Notice on Irving Office / loanDepot Snatches Top LO from Guaranteed Rate

July 18, 2017
Paul Muolo
Walter Investment filed a WARN notice with the Texas Workforce Commission, saying it will close its Irving, TX, office and cut 437 workers...
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Walter’s Warehouse Lenders Show Patience – but for How Long?

July 18, 2017
Paul Muolo
In late May, Walter disclosed in an SEC filing that some of its previously issued financial statements could not be relied upon because of what it called an “accounting error.”
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Residential Production at BofA Rises 16 Percent; MSR Balances Continue to Fall

July 18, 2017
Paul Muolo
Compared to the same period a year ago, servicing balances have fallen by 19.5 percent.
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Fannie/Freddie Single-Family MBS Business Slumped in 2Q17; Bank and Thrift Business Weak

July 18, 2017
John Bancroft
Wells Fargo saw an 18.6 percent drop in its GSE business during the April-June cycle, but the three other megabanks had much bigger declines…
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Flagstar Bancorp to Issue its First Post-Crisis Jumbo MBS

July 18, 2017
Brandon Ivey
All of the mortgages Clayton reviewed for the MBS are safe harbor qualified mortgages.
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UI: Single-Security Efforts Alleviated GSE Pricing Disparities

July 17, 2017
Carisa Chappell
Freddie Mac’s prepayment speeds are no longer faster than Fannie’s…
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Short Takes: LOs, You’ve Been Put on Notice / Citigroup’s MSR Holdings: Down 68 Percent / GOS Outlook / Two Harbors Prices Preferred Shares / Castle & Cooke Hires Compliance Manager

July 17, 2017
Paul Muolo
Mortgage gain-on-sale margins likely will be flat...
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CFPB Cuts ‘Smallish’ Lenders Some HMDA Slack (Temporarily)

July 17, 2017
Thomas Ressler
Under the proposal, the CFPB would increase that threshold to 500 loans through calendar years 2018 and 2019…
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Retail Channel Losing Steam in 2Q17 Agency Business; Brokers Rising

July 17, 2017
John Bancroft
Agency mortgages produced by mortgage brokers actually rose 4.4 percent in the second quarter, even as the overall market was falling 6.1 percent.
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Latest Imf News

  • Housing Executive Order Less Expansive Than Hoped For

  • GSE Primary MI Volume Up in 3Q, FHA Slips

  • Profits Skyrocket at Rithm’s Mortgage Unit in 3Q, Helped by Servicing

  • UWM Selling Large Chunk of Servicing During Fourth Quarter

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 Seller-Issuer Profile: 2Q26 (PDF)

  • Top Mortgage Players: 2Q26 (PDF)

  • Lender Profiles 2Q26: Top 25 (PDF)

  • Agency Channel Analysis: 2Q26 (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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