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IMFnews

June 14, 2018

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Jumbo Mortgage Production Down Sharply in First Quarter

Wells Fargo ranked first among non-agency jumbo originators, followed by Chase and Bank of America… Read More

No Longer No. 1 in Retail, Wells Fargo Plots Growth in Mortgages

Quicken Loans surpassed Wells as the top retail lender in the first quarter of 2018, according to Inside Mortgage Finance. Read More

HomeStreet Reducing Mortgage Staff by 10 Percent Due to Low Demand for Purchase Loans

Last October, HomeStreet cut 60 employees. In May, it put out for bid $5 billion of mortgage servicing rights…. Read More

MSR Market Heats Up, New Auctions from Phoenix, MIAC

Bank buyers of MSRs favor packages that are at least $2 billion in size… Read More

Don’t Look Now but Ginnie Servicing Prices are the Best They’ve Been All Decade

Servicing brokers such as Mark Garland, Steve Harris and Tom Piercy are seeing new entrants to the MSR-buying market… Read More

Short Takes: FHFA Ignoring HERA? / A Refresher Course / How Fannie and Freddie Dismantled Legislative Bomb Threats / A Large RPL Auction from Fannie / OCC to Finally Weigh In on Fintech

It might be said that OFHEO was a weak federal regulator... Read More

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