IMFnews

June 9, 2017

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Refis Continue to Fizzle, Dimming Some of the Glow from a Surging Purchase Market

Purchase loans accounted for a whopping 61.9 percent of the agency MBS market in May… Read More

The Mortgage CEO Turnstile is Spinning a Little Faster These Days

At PennyMac, Stan Kurland’s departure is tied to succession planning of a lender/servicer that has produced solid profits the past few years... Read More

House Fires Shot Across CFPB’s Bow, Passes Financial CHOICE Act. Of Course…

The CHOICE Act has an uncertain future in the Senate, to say the least. Read More

Who Says Realty Firms Shouldn’t Own MBs? Howard Hanna Buys Loan Brokerage Firms

Over the past five years, realty firms and lenders have been careful about joint ventures and other ownership ties… Read More

What We’re Hearing: Keep an Eye on Rates, Really / The Black Swan Event Will Be… / GSE Investors Unite? / Hoping Mnuchin Will Deal? / Top Lenders Don’t Even Use Overlays / PNC Exec Bolts for LoanCare

At the very least, these investors want a legal settlement with the Treasury Department over their “takings” claims. But will Treasury Secretary Steven Mnuchin deal? Read More