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Most Products Saw a Decline in 3Q18, but Expanded-Credit Loans Bucked the Trend

November 8, 2018
John Bancroft
A few mainstream lenders are starting to take notice, but most of the action is at a handful of nonbanks that have spearheaded the sector’s rise…
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Mr. Cooper Reports $54 Million Profit for 3Q18, Agrees to Buy $10B Originator

November 8, 2018
Paul Muolo
Several months ago, rumors began to surface that Pacific Union might be for sale...
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Redwood Accelerates Diversification Efforts, Remains Profitable in Third Quarter

November 8, 2018
Brandon Ivey
Redwood CEO Chris Abate: “Our game plan in the third quarter was a bit unconventional – we ran an up-tempo offense, squarely in the face of mortgage market headwinds.”
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Impac Suffers Another Loss. Revenue and Originations Take a Hit. Layoffs Too

November 8, 2018
Paul Muolo
About 41 percent of Impac's volume now entails non-QM lending...
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Short Takes: A Sale Agreement but What’s the Price, Mr. Cooper? / A Material Event? / UBS Expects DOJ Action / Ellington’s New Non-QM MBS / A New Hire for Home Point

November 8, 2018
Paul Muolo and Brandon Ivey
UBS said the Department of Justice intends to file a civil complaint against the company relating to pre-crisis MBS issuance...
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M&A Roundup: Plenty of Deals are Percolating But Will They Get Done? Is Ditech Saleable?

November 8, 2018
The potential sale of Ditech Financial – the largest prize in the mortgage M&A arena – hit a potential snag this week after the New York Stock Exchange suspended trading in the company’s common stock along with Series A and B warrants.
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NYSE Suspends Trading in Ditech, Nation’s 13th Largest Servicer

November 7, 2018
Paul Muolo
Ditech said it has no plans to appeal the NYSE’s decision.
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QM Patch Expiration Could Shift More High-DTI Loans to FHA

November 7, 2018
George Brooks
Analysts see the expiration of the QM patch as having a lesser effect on the non-agency market and a greater impact on FHA...
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Expanded-Credit MBS Underwriting Not Loosening Much, Prepayments Remain High

November 7, 2018
Brandon Ivey
Risk layering remains uncommon on the new breed of expanded-credit mortgages…
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Ocwen’s New CEO Talks About Severance Payments, but Growth Too

November 7, 2018
Paul Muolo
Ocwen CEO Glen Messina: "Having completed the merger, we now have unrestricted access to PHH employees..."
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Latest Imf News

  • Retail Channel’s Share of Originations Increases in 2Q

  • FHA to Allow VS4, FICO 10T at Beginning of 2027

  • HPC Working on Data Repository for Mortgages

  • Interest Rates Hit Another High for the Year

More Imf News

Featured Data

  • Non-Agency Jumbo Lending Increases in Second Quarter

  • FHA, VA Production Strong Even as Refis Decline in 2Q

  • Banks See Modest Increase in MBS Holdings, Ginnie Gains

  • All Products Gained in 2Q But Agency Market Lagged

More Featured Data

Featured Reports

  • 2026 Mortgage Market Statistical Annual (PDF)

  • Guide to Mortgage Lending to First-Time Homebuyers

  • Lender Profiles 1Q26: Top 25 (PDF)

  • Mortgage Profitability Report 1Q26 (PDF)

More Latest Reports

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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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