IMFnews

June 8, 2017

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The 1Q17 Tally: Jumbo Production Off by Almost 33 Percent; JPM #1 in Non-Agency Jumbos

JPMorgan Chase ranked first among all non-agency jumbo originators in 1Q17, funding $10.88 billion in product. Wells Fargo was second… Read More

Top 25-Ranked Lender Franklin American Removes Several Overlays

Franklin also expanded guidelines to allow for cash-out refinance transactions on investment properties. Read More

Fay Says it Settled CFPB Dual-Tracking Case to Put the Matter Behind It

On average, the loans that Fay Servicing boards are more than 700 days past due. Read More

Seneca Mortgage Ready to Unload a $55 Billion MSR Package?

At March 31 Seneca’s residential servicing portfolio totaled $61.75 billion, making the company the nation’s 25th largest processor of loans. Read More

Flagstar Moves to Protect Mortgage Revenue with M&A Deals

With the Opes transaction, Flagstar acquired 39 retail offices on the West Coast, supplementing the 99 retail branches it already had in Michigan and 43 other retail home lending offices across the nation. Read More