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Home » Topics » News » IMFnews

IMFnews
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Industry Reps Ask CFPB for Clarification on Mortgage Servicing Rules

November 9, 2016
Thomas Ressler
One item they’re asking for is confirmation that servicers may send bankruptcy statements before the regulation’s effective date...
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Supreme Court Justices Appear Willing to Rule in Favor of Miami in Controversial Fair Housing Act Case

November 9, 2016
Brandon Ivey
The attorney for the lenders faced scrutiny from some of the liberal-leaning justices on the Supreme Court, including Justices Ruth Bader Ginsberg, Elena Kagan and Sonia Sotomayor
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Short Takes: Don’t Look Now but GSE Share Prices are Soaring / Trump Understands the GSEs? / Really? / Advising Trump on Housing Issues Are… / PHH Posts Loss, Will Bolt the PLS Business

November 9, 2016
Paul Muolo
Thanks to Trump, speculators who bought GSE shares on Tuesday are cleaning up today...
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Jumbo Originations Show Signs of Decline at Certain Banks

November 8, 2016
Brandon Ivey
EverBank – which is in the process of being sold to TIAA – originated $869.8 million of jumbos in 3Q16, a 1.5 percent sequential decline, and down 28.7 percent from the third quarter of 2015.
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GSEs Continue to Trim Portfolios; The Two are on Track to Meet the 2018 Cap of $250 Billion

November 8, 2016
John Bancroft
Under the current terms of their conservatorship, Fannie and Freddie are required to reduce their mortgage portfolios by at least 15 percent a year…
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Two Harbors Dumps Ginnie Mae Servicing Portfolio

November 8, 2016
Paul Muolo
Two Harbors invests in a variety of mortgage assets including MBS, whole loans, MSRs and commercial mortgages.
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Redwood Boosts 3Q Income with Above-Average Margins on Jumbo Operations

November 8, 2016
Brandon Ivey
Redwood sold $774.0 million of home mortgages into a welcoming whole loan market along with a $358.00 million jumbo MBS…
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Shellpoint Plans First Non-Agency MBS in More than a Year

November 8, 2016
Brandon Ivey
Shellpoint is the parent of New Penn Financial and Shellpoint Mortgage Servicing, both top-50 players…
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Short Takes: Negative Feelings on GSE Reform / Zero Capital is Not An Issue / GSE Subcommittee Chairman Garrett May be Vulnerable / Jumbo MBS Execution Improves / Stonegate Hires Ex-US Bank Official

November 8, 2016
Paul Muolo and Brandon Ivey
And roughly 24 percent of IMFnews viewers believe that reform of Fannie Mae and Freddie Mac likely won’t happen in their lifetime…
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PHH Shocker: Nonbank Will Exit the PLS Business; Agrees to Sell Ginnie MSRs to Lakeview; Posts $27 Million Loss for 3Q16

November 8, 2016
Paul Muolo
CEO Messina added: “We are continuing to evaluate possible additional sales of our remaining MSR portfolio and to evaluate the best course of action for our real estate and servicing platforms, which we expect to complete by the end of January 2017.”
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Latest Imf News

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More Imf News

Featured Data

  • GSEs Deliver Consistent Profits; No Closer to Solvency

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More Featured Data

Featured Reports

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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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