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ATTOM: Home ‘Flips’ Decline – Along with Profits

September 22, 2017
Sherry Muolo
ATTOM’s Daren Blomquist: “In markets where distressed discounts have largely dried up, flippers are showing more willingness to leverage financing when acquiring properties…”
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What We’re Hearing: A GSE ‘Black Swan’? / More TBTF, Perhaps / A Dividing Issue: Zero Capital / Will Mnuchin Cut a Deal with Speculators? / Waiting on a Ginnie Mae Nominee (Still) / A New Business Home for Anne Canfield

September 22, 2017
Paul Muolo
An impossible scenario, one that keeps Federal Housing Finance Agency Director Mel Watt up a night? We shall see...
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Don’t Look Now but Depositories are Making Modest Gains in Lending Market Share

September 21, 2017
John Bancroft
It marked the third straight quarter in which depositories raised their share among the top-100 mortgage originators.
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CFPB Modifies ‘Equal Credit’ Regs, Giving Lenders Additional Flexibility

September 21, 2017
Thomas Ressler
Originators will not have to maintain different practices based on their loan volume…
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Why Should Lenders Go ‘Digital’? Because That’s Where the Customers Are

September 21, 2017
Thomas Ressler
“Everybody’s going online to shop for most of their products, and mortgages are starting to happen the same way,” said Tim Anderson, director of eServices for DocMagic, during an Inside Mortgage Finance webinar…
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Finance of America Enters the Correspondent Channel, Focusing on CUs and Community Banks

September 21, 2017
Paul Muolo
Finance of America’s backers include The Blackstone Group…
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Underwater Mortgages Steadily Drying Up

September 21, 2017
Sherry Muolo
The average gain in equity clocked in at $12,987 for homeowners.
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Short Takes: Waiting on a Wider Credit Box / A 30 Percent Jump for Nonconforming / 5,000 Active Loan Brokers for UWM / Don’t Count on Another Refi Boom Quite Yet / A New Hire for Altisource

September 21, 2017
Brandon Ivey and Paul Muolo
Another refi spurt in the works? It may’ve looked that way a few weeks ago, but...
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15 Groups Tell Treasury and FHFA: Legislation to Reform the GSEs, Not Some Recap Plan

September 21, 2017
Paul Muolo
The signors add: “We … believe the debate over recapitalizing a broken system distracts from the critical structural issues that Congress must address to ensure that the federally supported secondary market serves key, bipartisan objectives.”
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Walter Gets $300 Million Increase in Financing from Barclays; Stock Spikes

September 20, 2017
Paul Muolo
News of the expanded repo line sent Walter's share price soaring...
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Latest Imf News

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