IMFnews

March 30, 2017

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PHH CEO Glen Messina is Out; CFO Crowl Will Take Over in Late June

Despite the huge losses posted by PHH, James Egan, chairman of the board, said Messina “has led PHH with vision, decisiveness and integrity through one of the most turbulent periods in the mortgage industry in decades...” Read More

Top-Ranked Lenders Reclaim Some Market Share; Community Banks Still Major Players

The top 100 lenders produced a hefty $1.622 trillion in first-lien mortgages last year, including their correspondent and wholesale-broker programs… Read More

FHFA Releases Annual GSE ‘Scorecard,’ Cites ‘Significant Progress’ on Meeting Conservatorship Goals

The GSEs have developed proposals to more closely align their mortgage insurance master policies with their reps-and-warranties policies, which will be reviewed by the FHFA this year. Read More

GSE Dividend Brouhaha Breaks into the Open; Senators Warn About Nixing it; FHFA Complies (For Now)

But the issue is hardly settled. Ron Haynie, senior vice president of mortgage policy at the ICBA, told Inside Mortgage Finance that he expects a change in the dividend payment this year. Read More

MBS Trading Volume Weak in February; Market Nervous About Stocks, Trump Agenda

Joe Farr, director of marketing for MBS Quoteline, said MBS prices have actually improved since the Federal Reserve’s decision to hike rates one week ago. Read More