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Suddenly, 2016 Residential Production Isn’t Looking So Bad; Then Again…

October 26, 2015
John Bancroft
Mike Fratantoni, chief economist at the MBA, said the purchase market could keep growing right off the end of the forecast table.
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Shake Up in Mortgage Division at Citizens Bank

October 26, 2015
Paul Muolo
During his career, Chris Nard also headed ORI’s mortgage insurance division, Republic Mortgage Insurance.
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Mortgage Trade Group Chief Marc Savitt to Run for Congress, Again

October 26, 2015
Paul Muolo
As the head of the NAIHP, Savitt has been a frequent critic of the Consumer Financial Protection Bureau...
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Phoenix Capital Selling ‘Flow’ Deal that Could Top $600 Million

October 26, 2015
Paul Muolo
Phoenix Capital is out with a new “flow” servicing offering where the seller will deliver $40 million to $50 million per month in Fannie Mae and Freddie Mac product.
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Short Takes: $500,000 the New GSE Loan Limit? / Coming Soon: The GSE Scorecard / CEO Pay Capped? / Declining Earnings and Revenue for ASPS / Mortgage Network Opens New Office in West Roxbury

October 26, 2015
Paul Muolo
In other GSE news, the Senate version of legislation to cap CEO salaries at Fannie and Freddie is moving along and a vote could happen this week…
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Trouble Ahead? Non-Mortgage ABS Issuance Down Sharply in 3Q

October 23, 2015
John Bancroft
On a year-to-date basis, new ABS production was down 4.5 percent from the first nine months of 2014.
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Stonegate Mortgage Shedding Branches? Or Perhaps More?

October 23, 2015
Paul Muolo
Firms looking to take over those branches from Stonegate include Skyline Home Loans and Prospect Mortgage...
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Fannie, Freddie CEOs Urge Patience to the Industry on the Single GSE Security

October 23, 2015
John Bancroft
The CSP joint venture is staffed and “no longer living like poor cousins” at the GSEs themselves.
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Industry has PHH’s Back in RESPA Battle Against CFPB

October 23, 2015
Thomas Ressler
When the CFPB assumed RESPA enforcement from HUD in July 2011, it pledged to apply its predecessor’s official commentary, guidance and policy statements until further notice, the brief argues.
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Industry Participants Look for Further Guidance From Regulators on Risk-Retention Requirements

October 23, 2015
While federal regulators issued a final rule setting risk-retention requirements for a variety of MBS and ABS in December 2014, uncertainty regarding implementation persists. Industry participants are seeking guidance from regulators on a variety of issues, including the application of risk retention to asset classes that weren’t prevalent when the Dodd-Frank Act was drafted. “It’s absolutely astonishing how much becomes unclear when you actually sit down to build a risk-retention solution,” Rick Jones, chair of finance and real estate groups at the Dechert law firm, said in a recent commentary. He noted...
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Latest Imf News

  • Rocket Tops Agency Servicers With Mr. Cooper Acquisition

  • MBA Economist Still Sees Interest Rates Staying Above 6.0%

  • Agency MBS Investors Await Details on GSE Purchases

  • Servicing Valuations Cut Into Banks’ Mortgage Earnings in 4Q

More Imf News

Featured Data

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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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