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Proposals Not Enough to Revive Non-Agency MBS Market

December 19, 2016
Brandon Ivey
A little less than $10.0 billion in prime non-agency MBS will be issued in 2016, according to estimates by Inside Nonconforming Markets.
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Short Takes: PHH Files Layoff Notice with NYS / Jobs Will be Offered to Certain Employees / Altisource Wanted to Buy LPS / Mortgage Network Names New President

December 19, 2016
Paul Muolo and Brandon Ivey
PHH had been subservicing the loans for HSBC and the new owner of the MSRs had opted to bring the loans inhouse instead of using PHH…
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And the Beat Goes On: Nonbanks Keep Taking MSR Share from Depositories

December 16, 2016
John Bancroft
Commercial banks reduced their securitized servicing by 1.9 percent during the third quarter, though they still accounted for 52.5 percent of that market.
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FHA Shifts Direct Endorsement Review from Pre-Closing to Post-Closing

December 16, 2016
George Brooks
A lender applying for direct endorsement authority will be required to submit loan files for FHA’s pre-endorsement review only after closing.
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As Rates Move Higher, a New Found Optimism Hits the MSR Market. Can it Last?

December 16, 2016
Paul Muolo
The 'Trump Bump' Hits the MSR market as well...
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What We’re Hearing: As Rates Move Higher, Disaster Looms for the Mortgage Industry (Not Really) / The Stock Market Will ‘Correct’ on This Date… / New Fannie Survey Finds Lenders Glum / He’s Back: Nonprime Veteran Jon Daurio

December 16, 2016
Paul Muolo
If rates don’t improve in the next few months, one area where lenders will try to save money is on loan officer compensation...
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Home-Equity Lending Softened Slightly in 3Q16 as Refis Surged

December 15, 2016
John Bancroft
Bank of America once again ranked first as the top home-equity lender in the nation, although its production fell 17.7 percent…
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FHFA Unveils GSE ‘Scorecard’ for 2017. Several Items on the List, Including CRTs, ‘Underserved Borrowers’ and Servicing Liquidity

December 15, 2016
Paul Muolo
The FHFA’s mention of servicing liquidity is an acknowledgement of the growing market share gains by nonbanks.
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With Rates Rising, CEOs Contemplate Cost Cuts and that Means LO Comp is in Play

December 15, 2016
Thomas Ressler
Lenders should never make unrealistic promises when recruiting loan officers, said one webinar panelist…
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Ocwen Shakes Up TPO, Combines Wholesale and Correspondent Sales Team at Homeward; Former ICON Executive Put in Charge

December 15, 2016
Paul Muolo
Usually, when a lender consolidates sales units, a certain amount of workers are let go...
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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

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?

View Results
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