IMFnews

July 12, 2018

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GSE Single-Family Business Up Modestly in 2Q18 as Purchase Market Kicks In

All of the growth in GSE volume came from the purchase-mortgage side of the business… Read More

Supreme Court Takes Case on Non-Judicial Foreclosures

Some courts have determined that because non-judicial foreclosures don’t technically obligate borrowers “to pay money,” protections from the FDCPA aren’t available. Read More

NRL Mortgage Increasing Staff, Will Expand Into New Markets

A retail lender, the Houston-based NRL has increased staff at a branch in Cincinnati by 25 percent this year… Read More

PiperJaffray: Lenders are Cutting Costs but It’s Not Enough. LO Pay Must Come Down

Consultant David Lykken said some mortgage bankers believe LO comp is “untouchable,” but he strongly disagrees… Read More

Financial Services Industry Wants ‘Binding’ Guidance from the CFPB

The American Bankers Association argues the CFPB should acknowledge the bureau is bound by the guidance it issues… Read More

Short Takes: FHA in a Hiring Mode / CAIVRS, Old as Dirt? / Likening the GSEs to ‘The Blob’ And His Son / Level One Ponies up to the Mortgage Bar / MSR Auction from The Prestwick Group

One slide in the GSE presentation is entitled, “The Blob and the Return of the Blob,” a reference to the horror movie classics of the late 1950s… Read More