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Home » Topics » IMFnews » Originations

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Freedom Mortgage: Cash In Hand and Ready to Buy?

August 9, 2019
Paul Muolo

Not only does the Mt. Laurel, NJ-based company rank seventh among originators, it’s also the 11th largest servicer.


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Agency MBS Issuance Soars in July, Purchase Loans Star

August 9, 2019
John Bancroft

At Fannie and Freddie, cash-out refinance volume was up 16.0% from June, while rate-term transactions rose 12.6%.


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Impac Posts a Profit in 2Q19 but Reports a Drop in Non-QM Lending

August 9, 2019
Brandon Ivey

Impac’s return to profitability occurred as the nonbank slashed spending on marketing and reduced staffing levels. The lender spent $2.0 million on business promotion in the second quarter compared to $9.0 million a year ago...


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Freedom Mortgage Inks Another M&A Deal. More on the Way?

August 8, 2019
Paul Muolo
The top-10 originator recently agreed to buy mid-sized lender J.G. Wentworth Home Loans of the mid-Atlantic. M&A sources contend that Stan Middleman’s shop has more deals in the pipeline.
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Short Takes: FHFA Toys With the Residential Application Form / Rising Like a Rocket: Impac / And Then There’s Ocwen / A 41% Drop in Employment for this One Company / The Kill Fee Revealed

August 8, 2019
Paul Muolo

Roughly four years ago, Ocwen Financial employed 10,500 workers worldwide. The firm's headcount is down dramatically since then...


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Primary MI Volume Soars in 2Q19, Best Showing Since Late 2016

August 8, 2019
John Bancroft

The top three MIs in terms of risk-in-force: Arch, Radian and MGIC...


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HUD Sides With Lenders on Disparate-Impact Claims

August 8, 2019
George Brooks

In its analysis of the Fair Housing Act, the Supreme Court noted the importance of limiting disparate-impact liability so as not to hinder lenders…


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Short Takes: All Eyes on Stocks and Bonds / Fear the ‘Transition’ Tax? / A Fee, Not a Tax / Applications Finally Rise / A Small Profit at AAMC Because of a Stock Markup

August 7, 2019
Paul Muolo and Yemeng Yang

New mortgage applications increased 5.3% for the week ending August 2, according new figures released by the Mortgage Bankers Association. The refi share inched up to 53.9% of new business from 50.5% the week prior.


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FHA’s Loan Review System Back Online. Documents Lost? Unclear

August 7, 2019
George Brooks

FHA originators use LRS for post-endorsement loan reviews, unconditional direct-endorsement test cases, lender monitoring reviews, and self-reporting of fraud…


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Plenty of Million Dollar-Plus Mortgage CEOs Out There? Probably

August 7, 2019
Paul Muolo

Oftentimes, when discussing compensation, the focus is on the top earners but those interviewed by IMF said there’s plenty of middle-market CEOs and production chiefs earning at least $1 million a year.


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