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What Ails the Mortgage Market? For Starters, a Lack of Homes to Buy…

May 11, 2018
Brandon Ivey
Flagstar says the problem is exacerbated by a lack of inventory in certain geographic markets…
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What We’re Hearing: Anxiety Rising Regarding GSE Reform / Higher G-Fees? No More Cash-out Refis? / What Mick Mulvaney Might Do if He Headed the FHFA / Mulvaney’s PADs / Layoffs at Impac

May 11, 2018
Paul Muolo
Surely, conservatives are applauding the way Mulvaney is trying to remake the Consumer Financial Protection Bureau...
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CFPB Chooses Not to Appeal PHH RESPA Ruling. A Shift from ‘Regulation by Enforcement’

May 10, 2018
Yemeng Yang
Former CFPB Director Richard Cordray challenged PHH’s captive reinsurance program, ruling that any referral of settlement business that involves payments is prohibited under RESPA…
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Private MIs Lost Market Share in Early 2018 but Insurance in Force Topped $1 Trillion

May 10, 2018
John Bancroft
Arch maintained its large market share lead in insurance-in-force, while Radian ranked first in terms of new insurance written…
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Impac Posts a $3.9 Million Profit for 1Q18, Aided by MSR Markup. Originations Drop 20.1 Percent

May 10, 2018
Brandon Ivey
New CEO George Mangiaracina said the nonbank’s servicing portfolio is serving as a counter-cyclical balance to declining originations…
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Non-QM Lender Angel Oak Ventures into Small-Balance Commercial Market

May 10, 2018
Paul Muolo
Angel Oak's small-balance commercial unit employs 19 full-timers and hopes to add an additional 30...
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Short Takes: Impac Employees Looking Around? / Ex-CFPB Chief Cordray Wins in Ohio, but… / Will Warren Pick Cordray to Head the CFPB (Again)? / AIG Unit Readies Jumbo MBS / PennyMac Restarts Jumbo Unit

May 10, 2018
Brandon Ivey and Paul Muolo
Cordray was never popular in the mortgage industry because of all the regulations he heaped on lenders and servicers...
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As Originations Slow, Warehouse Providers Face Tight Profit Margins at Some Borrowers and Riskier Credits

May 10, 2018
The nation’s warehouse providers ended the first quarter with $63.0 billion of commitments on their books, a slight decline from yearend and a gain compared to March 2017, but the numbers mask some of the pain being felt in the sector. [Includes one data chart.]
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Capital One Selling $17.0 Billion Loan Portfolio to Subsidiary of Credit Suisse, Which Will Sell to PIMCO

May 9, 2018
Brandon Ivey
As of the end of March, Capital One handled a $25.78 billion servicing portfolio, making the firm the 49th largest servicer, according to Inside Mortgage Finance.
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Retail, Mortgage Brokers Dominate in Expanded-Credit Lending

May 8, 2018
Brandon Ivey
MBS from Angel Oak Companies had the highest share of broker originations…
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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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