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Citi Settles CFPB Servicing Allegations for $29 Million

January 24, 2017
Thomas Ressler
The CFPB accused CitiFinancial Servicing of misleading consumers about the effect of deferring payment due dates…
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A Warning from MBA’s Stevens: An Industry Paradigm Shift is Underway. What to do About Refi-Heavy LOs?

January 24, 2017
Brandon Ivey
The MBA chief stressed that the market is set to shift from mortgage loan officers who can thrive as “gatherers” to a market that requires “hunters.”
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Suspending FHA Premium Cut is a Good Thing, Says AEI’s Ed Pinto

January 24, 2017
Thomas Ressler
At least some factions of the industry are happy about the FHA not cutting premiums, including Ed Pinto of AEI…
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Short Takes: Wells Fargo Accused of Improperly Charging for Rate-Lock Extensions / A Big Deal or Not? / The Golden West-Sandler-Wells Fargo Connection / UWM Chief to Educate on ARMs

January 24, 2017
Paul Muolo and Thomas Ressler
Some of the allegations surfaced in a Nov. 2016 letter sent to Congress by a former Wells LO named Frank Chavez...
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A Spike in FHA/VA Default Rates for 4Q16; A Three-Year High is Reached

January 23, 2017
John Bancroft
Meanwhile, the supply of Ginnie single-family MBS outstanding continued to set new records…
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Past FHA Commissioner Montgomery Suggests Common Standards for FHA,VA, GSEs…

January 23, 2017
George Brooks
Brian Montgomery’s proposed Office of National Housing Policy would be headed by a “housing policy czar…”
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Fannie and Freddie are About to Provide a Nice Revenue Gift to Trump Administration

January 23, 2017
Paul Muolo
In 2016, Fannie and Freddie guaranteed $973.72 billion of single-family loans, an 18.1 percent improvement from the year prior.
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Bad News for Specialty Servicers: Foreclosure Rate Plunged 31 Percent in 2016

January 23, 2017
Thomas Ressler
As delinquencies and foreclosures decline, specialists that deal with problem loans should see a drop in business...
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Deephaven Bought $550 Million of Nonprime/Non-QM Loans in 2016

January 23, 2017
Paul Muolo
Deephaven's CEO, Matt Nichols, is a former managing director at Goldman Sachs where he worked for 12 years.
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Short Takes: The MIP Cut: No Big Deal? / A True FHA Jumbo? / New MF MBS From Freddie Mac / Nice Earnings from MGIC / Annaly’s Chief Legal Officer to Retire

January 23, 2017
Paul Muolo
One loan officer said FHA should consider building a "true jumbo program that is exclusive of Fannie Mae and Freddie Mac…”
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Latest Imf News

  • Purchase-Mortgage and Refi Volume Diverge in Second Quarter

  • Losses Increase at Homebuilder Hovnanian Enterprises

  • Insurance Companies Add to Whole-Loan Mortgage Holdings

  • New Listings for Homes Up, Asking Price Slips

More Imf News

Featured Data

  • GSEs Deliver Consistent Profits; No Closer to Solvency

  • Bank Mortgage Earnings Tick Up in Second Quarter

  • Non-Agency Pushes CMBS Issuance Up Slightly in 2Q

  • PMIs Gain Purchase Share, Refinance Share Slips

More Featured Data

Featured Reports

  • Agency Seller-Issuer Profile: 1Q26 (PDF)

  • 2026 Mortgage Market Statistical Annual (PDF)

  • IMF HMDA Dashboard: 2025

  • Guide to Mortgage Lending to First-Time Homebuyers

More Latest 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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