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IMFnews

July 31, 2017

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Industry Again Calls for Delay in Implementing New HMDA Rules

The CFPB has not yet initiated a public process to apply the balancing test to determine which of the new data will be released to the public. Read More

A Blowout Earnings Quarter for New Residential; REIT Continues to Buy Servicing Rights

New Residential has purchased several servicing portfolios over the past year, acquiring rights from CitiMortgage, Walter/Ditech and United Shore, among others. Read More

Servicing Transfers Jump 22 Percent in 2Q17 as Major Players Unload Receivables

Movement Mortgage was the largest seller of MSRs through co-issuance deals… Read More

Additional Government Documents Unsealed in GSE Shareholder Case

“This new trove of documents conclusively shows that the net worth sweep was designed solely to boost Treasury’s coffers and prevent the GSEs from rebuilding capital or exiting conservatorship,” said Investors Unite, a shareholder rights group. Read More

Fannie Expects More Business from DTI Shift

Fannie said that about 3 or 4 percent of DU applications with DTI ratios ranging from 45 percent to 50 percent had been deemed ineligible because they failed the overlay test… Read More

Short Takes: Ginnie Loses Another One / CEO Background / From Mortgage Owner to ‘Life Coach’ / Kudos to Freedom and Fairway / A New Regional Hire for Stearns

Among the top 20 lenders in 2Q17, Fairway Independent Mortgage had the highest growth rate at 64.2 percent. Read More

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