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IMFnews

September 10, 2018

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Correspondent Channel a Flashpoint in Competitive Jumbo Market

While total jumbo originations among the lenders increased by 37.1 percent on a quarterly basis, correspondent volume was up by 63.7 percent. Read More

HECM Production Gets Clocked in 2Q18. A Long Reverse ‘Winter’ Ahead?

Analysts blamed the reduction in volume on the new lower Principal Limit Factors... Read More

Incenter, MorVest Selling Bulk Servicing Portfolios

Both these MSR portfolios have low note rates… Read More

Mortgage Bankers Add Jobs, Brokers Trim Slightly

Jerry Selitto, president of Better Mortgage: “We continue to hire and we just opened our second California office in Irvine…” Read More

Short Takes: Time for Executives to Consider Their Options? / Tight Profit Margins Can Lead to ‘Internal Strife’ / AO Seeks Account Executives / Analyzing the Prospects for Filling the Fannie CEO Job / Milken Institute Hires SEC Commissioner

"As a result, at this time I’m receiving a larger volume of calls from execs seeking to explore outside opportunities.” - Rick Glass Read More

Stearns Launches ‘Partnership’ Program, Hopes to Buy Stakes in Many Lenders

Schneider told IMFnews the Blackstone-owned lender/servicer is presently working on other deals... Read More

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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