IMFnews

January 13, 2017

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What Does the Future Hold for PHH?

Bose George, who follows PHH for Keefe, Bruyette & Woods, also used the phrase “liquidation” to describe the company’s sale of assets. Read More

The Final Tally: Non-Agency MBS Production Tumbled Sharply in 2016

Oddly enough, the nonprime space showed some signs of life last year and hopes are high for 2017 as well… Read More

A Different Type of Mortgage Fraud: ‘Reverse-Occupancy’ Scams Involving FTHBs

Borrowers completing reverse-occupancy fraud aim to qualify for a mortgage with help from the theoretical rental income from the so-called investment property… Read More

What We’re Hearing: Reading the Wells Fargo (Origination) Tea Leaves / Nonbanks Rule? / MSR Mark-up Mania / CA-Based Nonbank Plans to Hire 1,000 LOs? / The First To Go: Operations Staff / Cordray is Going to be Fired. No Duh

It’s been no secret in Washington financial circles that shortly after Donald Trump was elected president, the decision was made by his “team” to fire CFPB director Richard Cordray... Read More

Wells Fargo, JPM and BofA All Managed to Increase Production in 4Q16. The Last Squeezing of the Mortgage Grapes?

In general, nonbanks have been gaining origination market share from depositories over the past few years, a trend that shows no sign of abating. Read More