IMFnews

March 22, 2017

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PHH Counsel Theodore Olson Lays Out Steps to Make the CFPB ‘Constitutional’

For the CFPB to pass the constitutionality test, its director needs to be removable by the president of the United States... Read More

Bank Holdings of First Liens Increased in 4Q16 – Ever So Slightly

It appears that depositories are growing their portfolios by adding jumbo mortgages along with loans eligible for sale to Fannie Mae and Freddie Mac… Read More

HECM Production Stumbles a Bit in 2016

Among the top 10 originators in 2016, Reverse Mortgage Solutions posted the largest annual decline at 64.5 percent. RMS is owned by Walter Investment… Read More

Finance of America Commercial Makes Big Push Into Broker Market with ‘Fix & Flip’ Lending

CEO Mark Filler said FoAC is now offering fix-and-flip loans as cheaply as 6.99 percent… Read More

Wall Streeter Phillips to Play ‘Critical’ Role at Treasury on GSE Reform; GSE ‘Principles’ Coming Soon from Trump?

Calabria joined the Trump administration from the conservative Cato Institute and is no fan of the GSEs... Read More

Short Takes: Reading the Mortgage Tea Leaves for 1Q17 / When in Doubt, Go Non-QM / Impac by the Numbers / Applications Fall, Existing Homes Sales Drop as Well

Don’t look now but the yield on the benchmark 10-year Treasury is now down to 2.40 percent. And just in time for the spring home buying season… Read More