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Megabank Originations Surged in 2Q16, but Mortgage Profits Sagged

July 25, 2016
John Bancroft
The bigger issue was a sharp drop in net servicing income…
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In a Move to Boost Liquidity, Ginnie Will Update ‘Acknowledgment’ Agreement

July 25, 2016
Paul Muolo
Several large banks accept the current acknowledgement agreement, while others avoid it like the plague.
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Small Banks and Nonbanks Rally Around Bill that Provides CFPB Relief

July 25, 2016
Thomas Ressler
The Community Mortgage Lenders of America said the bill strikes a balance of maintaining safe lending while freeing up resources so more consumers can obtain a mortgage.
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Greenwich-Based Investment Advisor Reveals 8.3 Percent Stake in PHH

July 25, 2016
Paul Muolo
Who is Silver Point and why does it now own so much of PHH?
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IMA, Phoenix Capital Out With Bulk MSR Portfolios

July 25, 2016
Paul Muolo
Bids on both packages are due later in the week.
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Short Takes: Big Servicing Markdowns for Nationstar and Walter? / The Tally, Thus Far, on MSR ‘Marks’ / Five Years and $7,000 / Victorian Joins CMLA / A Promotion at Capital Bank

July 25, 2016
Paul Muolo
Since the CFPB was born, the cost to originate a home mortgage has exploded...
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Half of Outstanding Agency Mortgages Have Interest Rates Higher than 4.000%

July 22, 2016
Brandon Ivey
Wells Fargo handled 20.2 percent of the $841.42 million in agency mortgages outstanding at the end of the second quarter of 2016 that had interest rates between 4.510 percent and 5.000 percent.
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Lenders Prevail in Effort to Limit Liability on Data Submissions to State Regulators

July 22, 2016
Brandon Ivey
State regulators had removed a clause from previous forms which said information from the submitting lender was “to the best of my knowledge, information and belief.”
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Realtors Say Low-Downpayment Programs Readily Available

July 22, 2016
Brandon Ivey
“Most real estate agents say high loan-to-value ratio mortgages are readily available, especially for homebuyers with good credit,” said Tom Popik, research director for Campbell Surveys.
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With Threat of Servicing Moving Away from Ocwen, Altisource Works to Diversify

July 22, 2016
Brandon Ivey
With the possibility of investors transferring non-agency servicing rights away from Ocwen Financial, Altisource Portfolio Solution has put an emphasis on providing services to other companies.
Read More
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Latest Imf News

  • Bayview Tops Ginnie Servicers, Passing Freedom in 1Q

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Featured Data

  • Seasonal Slowdown Hits Ginnie Issuance in First Quarter

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  • ECM Drives Non-Agency MBS Issuance in Early 2026

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More Featured Data

Featured Reports

  • Agency Seller-Issuer Profile: 4Q25 (PDF)

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  • Agency Channel Analysis: 4Q25 (PDF)

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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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