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Short Takes: Tom Marano, Ditech’s $5 Million Man? / Ripe for a Major Disruption: The Subservicing Market? / Good News: Applications Rise / Rep. Waters Introduces FHA Bill / Ditech Gets a New COO

April 19, 2018
George Brooks and Paul Muolo
There are some in the industry who believe the entire subservicing sector is far behind in technology and customer service – and is ripe for a technology disruption of a major kind.
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Strong 1Q Earnings for MGIC, but NIW Declines; Freddie’s IMAGIN Pilot Gets a Mention…

April 18, 2018
Paul Muolo
In 1Q18, MGIC wrote $10.6 billion of new MI policies compared to $12.8 billion in 4Q17 and $9.3 billion in the first quarter of last year.
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Complaints Filed with the CFPB Surged in 1Q18

April 18, 2018
Yemeng Yang
Acting CFPB Director Mick Mulvaney is considering removing the CFPB complaint database from public view…
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MBA Casts the Net Far and Wide for New Chief. Jeb Hensarling?

April 18, 2018
Paul Muolo
The way things stand today, those finalists include at least two industry veterans…
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Mortgage Industry Sees Promise in Blockchain Technology. Ranieri Enters the Space…

April 18, 2018
Brandon Ivey
MISMO noted that blockchain is based on digitized, distributed ledgers…
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MBA: Lower Lending Profits, and Fewer Firms Making Money

April 18, 2018
Paul Muolo
An ominous sign: 80 percent of mortgage companies surveyed earned a pre-tax financial profit for the year, compared to 94 percent tin 2016.
Read More

Short Takes: FHFA IG Issues Heavily Redacted Report on GSE Cybersecurity / Ditech Worries about Cybersecurity / IBM Says Nothing About Seterus (Again) / What’s in a Title? Off with Their Heads!

April 18, 2018
Carisa Chappell and Paul Muolo
As a practice, IBM rarely says a word about Seterus...
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Ditech Finally Releases 4Q17 Results – A Loss and a Warning About 2018

April 17, 2018
Paul Muolo
Ditech added that under new leadership, the lender/servicer “continues to develop and execute various strategies to improve” its performance.
Read More

Prime Non-Agency MBS Issuers Getting More Creative…

April 17, 2018
Brandon Ivey
Due diligence reviews can be costly, especially when the mortgages being produced are pristine.
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Now in the Works: A ‘State Level’ CFPB (Thanks to Mulvaney?)

April 17, 2018
Yemeng Yang
The Garden State is following in the footsteps of Pennsylvania, which created a Consumer Financial Protection Unit last July and hired a former CFPB attorney to lead the initiative.
Read More
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Latest Imf News

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Featured Data

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Featured 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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