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A Very Busy New Residential Posts a Smaller Profit

July 26, 2018
Paul Muolo
In early July, the REIT closed on its previously announced $190 million purchase of Shellpoint Partners, an acquisition that includes mortgage banking firm New Penn Financial.
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Mortgage Originations Rebounded in 2Q18, but Market Lags 2017 Production

July 26, 2018
John Bancroft
An estimated $445.0 billion of first-lien home loans were originated during the second quarter, an 18.7 percent sequential gain…
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Legislative Roundup: House Reauthorizes NFIP, More Changes to ‘Points and Fees’ Definition

July 26, 2018
George Brooks
The revised definition excludes from points-and-fees any compensation included in the interest rate…
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Short Takes: 25 Comments So Far on GSE Capital / Count Stegman and DeMarco Among Them / A FHFA Director Candidate? / China Changes Gears on U.S. RE / Large Georgia Bank Buys Florida Depository

July 25, 2018
Paul Muolo and Carisa Chappell
Among those weighing in on GSE capital: Michael Stegman, senior fellow at the Milken Institute, and former FHFA Acting Director Ed DeMarco...
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Arizona Nonbank Tells LOs at Other Companies They’re Getting Ripped Off

July 25, 2018
Paul Muolo
Geneva Financial has a message for all loan officers: “Compensation isn’t everything … said no one!”
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Flagstar Posts Decent Originations but Expresses Concern About GOS

July 25, 2018
Paul Muolo
At June 30, Flagstar serviced $120.3 billion in home mortgages, but 77.5 percent of that represents subservicing contracts…
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MSR Market Still Hot but Quieter Times May Lie Ahead

July 25, 2018
Paul Muolo
Some MSR investors are suffering from "buyer exhaustion," said one deal maker...
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Industry Trade Groups Want Consumers to Contact Firms First, Not the CFPB

July 25, 2018
Yemeng Yang
“Customers are more promptly and efficiently served when they contact their financial institution directly with a concern,” said the American Bankers Association…
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Freddie Official: Big Data and Advanced Analytics will Change the Business

July 25, 2018
Brandon Ivey
Chris Boyle, chief client officer at Freddie Mac: “I don’t know how half of you make money.”
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FHFA Says No Decision in 2018 Regarding Updating Credit Score Models

July 24, 2018
Carisa Chappell
After two years of work, the FHFA throws the idea out the window...
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Latest Imf News

  • GSEs Set LLPAs for VantageScore

  • Mortgage Repurchases by Banks Increase in 2Q

  • Chase Marketing Large Jumbo MBS

  • Opendoor Moves Back Break-Even Date Amid Tough Market

More Imf News

Featured Data

  • Banks See Modest Increase in MBS Holdings, Ginnie Gains

  • All Products Gained in 2Q But Agency Market Lagged

  • Slowing Refis Drag on Ginnie Issuance in July

  • Chase Non-Agency RMBS Servicing Rebounds in 2Q

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

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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