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Radian’s Profit Falls by 26 Percent, Management Says NIW will be Flat in 2017

January 26, 2017
Paul Muolo
Total revenues at Clayton, its mortgage and real estate services division, increased by 10 percent to $52.6 million.
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Short Takes: Citadel Working on Non-QM Securitization / NewLeaf Expands ‘Specialty’ Menu / CoreLogic Executive Departs / Two Mortgage Workers Shot ‘Execution Style’ / Kudos to BofA on its Origination Performance

January 26, 2017
Brandon Ivey and Paul Muolo
According to one media report, two men were shot execution-style inside a mortgage business on Staten Island Tuesday night...
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Lenders Turn Focus to LOs that Produce Purchase Mortgages as Refinances are Expected to Decline

January 26, 2017
With interest rates on mortgages expected to go up this year, some lenders are putting an emphasis on loan originators who can close purchase mortgages. Economists at the Mortgage Bankers Association predict that the average interest rate on a 30-year fixed rate mortgage will climb from 3.70 percent last year to 4.50 percent in 2017. The higher rates will help prompt a 47.7 percent decline in refi volume in 2017 compared with the estimated $901.0 billion in refi originations last year, according to the MBA. Dave Stevens, president and CEO of the MBA, said...
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Democratic AGs Seek to Defend CFPB, Intervene in PHH Case

January 25, 2017
Thomas Ressler
The states argue that the current ruling in the PHH case, if permitted to stand, will undermine the power of the Attorneys General to effectively protect consumers…
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Nonprime MBS Issuance Could Double in 2017, Says Fitch. Sounds Impressive, But…

January 25, 2017
Brandon Ivey
Thus far, only a $225.75 million nonprime MBS issued by an affiliate of Lone Star Funds in December has received AAA ratings.
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Walter Investment Shakes Up its Board. ‘Turnaround’ Specialist Named

January 25, 2017
Paul Muolo
Keefe, Bruyette & Woods has an “underperform” rating on Walter’s stock…
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The Shifting Nature of Loans Backing ‘Prime’ Non-Agency MBS: More IOs…

January 25, 2017
Brandon Ivey
Some $157.6 million of interest-only loans were included in prime non-agency MBS issued in the fourth quarter, the highest IO volume since the third quarter of 2015.
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Fannie Mae Lends its Support to Nation’s Largest SFR Operator with a $1 Billion Commitment

January 25, 2017
Paul Muolo
Through the first nine months of 2016 – which represents the latest available data – Invitation Homes posted a net loss of $51.6 million, compared to a $121.7 million loss in the same period a year earlier.
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Short Takes: loanDepot in a Hiring Mode / Some Name Change Tweaks / Movement Mortgage Hiring as Well / Give us Back Our FHA MIP Cut / ServiceLink Fined by Feds

January 25, 2017
Paul Muolo
In a poll conducted by Inside Mortgage Finance, just 14 percent of respondents said they were against a cut in FHA premiums.
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Flagstar’s 4Q16 Results: Residential Production Drops, MSRs are Marked Up

January 24, 2017
Paul Muolo
So far, the industry average on MSR markups for 4Q has been roughly 29 percent, according to a recent tally from Compass Point...
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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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