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The Wells Fargo Layoff Tally for June: 400 and the Month’s Not Over Yet

June 28, 2018
Paul Muolo
Wells Fargo is the nation’s largest home lender and a bellwether for the overall market.
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Freddie Extends Appraisal Waivers to Condo Purchases and Refis

June 28, 2018
Carisa Chappell
Now, eligible condo loan borrowers can take advantage of the appraisal waiver if ACE deems it unnecessary.
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Short Takes: Ralph Nader Has Some Unkind (And That’s Putting it Nicely) Words for CFPB’s Mulvaney / Mulvaney Viewed Favorably Elsewhere / Nader and the GSEs (Remember that One?) / More M&A for Union Home / A New Hire for Mello

June 28, 2018
Paul Muolo
A few years back, Nader went to bat for Fannie Mae/Freddie Mac shareholders suing the federal government over the GSE net worth profit sweep...
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M&A Roundup: LenderLive Hires Houlihan Lokey to Weigh Options, Stearns Lending Looks at Opportunities

June 28, 2018
LenderLive, a third-party service provider and correspondent lender, is weighing its options and has hired investment banker Houlihan Lokey, according to industry advisors familiar with the firm.
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Bank Loan Sales Down Sharply in First Quarter, JPM Especially

June 27, 2018
John Bancroft
Second-ranked JPMorgan Chase reported a hefty 48.3 percent decline in mortgage sales.
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CFPB Expected to Revisit Views on Marketing Services Agreements

June 27, 2018
Yemeng Yang
“There is potential for them to issue more guidance, and we hope it to be the right guidance that’s consistent with 40 years of the RESPA law,” said Kenneth Trepeta…
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A ‘Scratch and Dent’ Market Develops for VA ‘Orphan’ Loans

June 27, 2018
Paul Muolo
Some warehouse lenders are nervous about the VA ‘orphan loan’ mess as well, sources told Inside Mortgage Finance…
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CDFI-Designated Lender Inks Deal to buy Oregon Retailer LoanStar. Buyer will Beef Up Non-QM Production

June 27, 2018
Paul Muolo
LoanStar was founded five years ago by industry veteran Mike Baldwin…
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A Decline in FHLB Advances. Big Drops for JPM and Wells

June 27, 2018
Carisa Chappell
The figures show that compared to the first quarter of 2017, both JPM and Wells greatly reduced their FHLB borrowings…
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Short Takes: HUD Chief Carson Gives a Target Date for FHA Condo Rule / Different Agencies, Different Criteria / No Changes in Ratings on Fannie and Freddie / Angel Oak Promotes Jumbo Loan / FHFA IG Official Steps Down

June 27, 2018
George Brooks, Carisa Chappell, and Paul Muolo
FHA may soon have a new condo lending rule, but one lobbyist called it "four years too late..."
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Latest Imf News

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Featured Data

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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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