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Short Takes: Hedge Fund Chief Reduces Personal Stake in Ocwen / More on the OCN-SEC Settlement / Redwood Remains an Investor in GSE Credit-Risk Deals / MGIC Will Change MI Pricing / Sharga Gets Promotion at Ten-X

January 21, 2016
Brandon Ivey and Paul Muolo
MGIC CEO Patrick Sinks noted that the mortgage insurer will be revising its premium rate cards soon. Stay tuned...
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Nation’s Largest Subservicer Says ‘Fad’ of Hiring Overseas Mortgage Workers Has Passed

January 20, 2016
Paul Muolo
For some servicers, including Ocwen Financial, the math of outsourcing is simple: pay back-office workers the equivalent of $2 an hour when their U.S. counterparts can earn at least five times that.
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Mortgage Trade Group Urges CFPB to Require Universal Loan Officer Test

January 20, 2016
Thomas Ressler
Nonbanks don't like the idea that bank LOs can avoid passing a test...
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Impac Re-Hires Pre-Crisis Chief Credit Officer to Boost Originations of Non-QMs

January 20, 2016
Brandon Ivey
Impac is working to increase originations of non-QMs as part of an effort to mitigate against reduced refinance volumes.
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Survey of Real Estate Agents Will Provide Details on the Changing Nature of Lender Referrals

January 19, 2016
Brandon Ivey
Where Realtors were once the first source of information for homebuyers, increasingly independent mortgage lenders are attempting to provide leads on homes for sale and more...
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Short Takes: KBW Shifts Coverage of mREITs / Oil Rout Could Lead to Mortgage Delinquencies? / A Rumor of Layoffs at One Shop / AmeriHome Hiring

January 19, 2016
Paul Muolo
Should mortgage servicers begin to worry about residential delinquencies in such oil producing states as North Dakota, Oklahoma and Texas?
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RoundPoint President Dave Worrall Departs; Servicer Still Open to Offers?

January 12, 2016
Paul Muolo
At one point, PIMCO had been eyeing RoundPoint, sources told IMFnews...
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Mortgage Bankers and Brokers Shed Jobs at Yearend; Loan Officers Still in Demand

January 11, 2016
Paul Muolo
Although residential lending could fall by 20 percent in 2016, the demand for retail LOs with strong ties to Realtors and home builders should remain strong.
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Short Takes: TRID is Costing Consumers Too. Here’s How… / Midcap Banks Stressed Out? / loanDepot Flies the ‘Marketplace Lender’ Flag / More MSR Deals from IMA / ORM Chief Resigns

January 11, 2016
Paul Muolo
In a new press release touting its 2015 results, the privately held loanDepot LLC refers to itself on a few occasions as a “marketplace” lender...
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What We’re Hearing: TRID, a Major Crisis? / Will Public Mortgage Firms Answer the TRID Question? / Commercial Bank Rejects Most TRID Loans / Genworth, PennyMac Hit 52-Week Lows / CMLA Lists Its Priorities

January 8, 2016
Paul Muolo
Then again, we also hear reports that the worst of the TRID mess will be over by the end of February…
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