Ginnie Mae/FHA

Browse articles from IMFnews related to Ginnie Mae/FHA.

September 13, 2018 - IMFnews

September Issuance of Final FHA Condo Rule Unlikely

So far, the final rule has not been delivered for OMB review, a process that in the past has sometimes taken months to complete.

September 12, 2018 - IMFnews

Ginnie Mae MBS Issuance Nudges Higher in August but Trails 2017

Through the first eight months of the year, Ginnie issuance was down 11.0 percent...

September 10, 2018 - IMFnews

Incenter, MorVest Selling Bulk Servicing Portfolios

Both these MSR portfolios have low note rates…

September 10, 2018 - IMFnews

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

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

September 7, 2018 - IMFnews

What We’re Hearing: Ex-Goldman Partners See Gold in the Subprime Hills / Under the Radar / Strong Non-QM Volumes from Angel Oak and Citadel / The Conventional Loan of the Future: Five Percent Down at Least / DeMarco Weighs In / Signs of Overheating: Home Flipping

Former Federal Housing Finance Agency Acting Director Ed DeMarco told us the bill is a good starting point and includes language that both Democrats and Republicans can agree on...

September 7, 2018 - IMFnews

Agency MBS Production Up Again in August. For Purchase Business, a Post-Crisis High

August often sets the high-water mark for annual purchase-loan business for the agencies…

August 31, 2018 - IMFnews

In July, FHA Delinquencies Dropped Ever So Slightly

At the end of July, mortgage bankers serviced 7.9 million FHA loans. Wells Fargo ranked first with a market share of 19.2 percent.

August 30, 2018 - IMFnews

What’s Going on with the FHA’s ‘Defect Taxonomy’? Answer: Not Much

Despite calls by the industry to improve and clarify the process, the FHA has yet to make a move to meet industry demands for a more detailed defect taxonomy…

August 29, 2018 - IMFnews

Short Takes: A ‘Significantly’ Less Liquid Secondary Mortgage Market? / In Five Years the GSE Loan Limit Would be Zero (for Example) / Origination Capacity Remains Elevated / Fannie Exec Joins RoundPoint

Origination capacity in the mortgage industry remains “elevated,” according to a new report from PiperJaffray.

August 27, 2018 - IMFnews

Short Takes: Don’t Worry About the Government / Don and Maxine, Fireworks Ahead? / Steve’s Choice / Invitation Homes CEO Takes A Leave of Absence / Customers You Never Need to Call (A Good Thing)

Cowen believes Rep. Maxine Waters will use the post to go after President Trump and his White House team...

August 27, 2018 - IMFnews

FHA Forward Production Increases, but HECM Originations Slide

HECM originations plunged 40.9 percent in the second quarter as tighter reverse-mortgage regulations limited the product’s appeal to borrowers…

August 22, 2018 - IMFnews

Short Takes: Celebrity in the Hunt / Ocwen Gets the ‘All Clear’ Signal from Ginnie / Oh Carol / The National Servicing Settlement – It’s a Wrap / Two Joes In Charge at Waterstone

Celebrity Financial has several M&A irons in the fire...

August 21, 2018 - IMFnews

Short Takes: Broeksmit Takes Over as MBA Chief / His Resume / Cowen: Bright, a Plus for Housing / A Possible Successor to Watt at the FHFA? / Churchill Mortgage Executive Named to CMLA’s Board

Bright has been mentioned in housing and mortgage circles as a possible successor to FHFA Director Mel Watt.

August 17, 2018 - IMFnews

What We’re Hearing: Two Giants May Change Hands (Or Maybe Not) / Job Cuts at Ditech / Can HL Sell Ditech Fast Enough? / Tom Marano’s Experience with Troubled Shops / CALCAP Bullish on Fix-and-Flip / A Confidential GSE File On…

It might be in Ditech’s best interest if Houlihan Lokey finds a buyer now while MSR values are still peaking…

August 17, 2018 - IMFnews

Banks and Thrifts Retreat Slightly from MBS Market in 2Q18

Banks still favor Fannie Mae and Freddie Mac pass-through securities, but…

August 16, 2018 - IMFnews

Jumbo Originations Up Sharply in 2Q18

Wells Fargo, JPMorgan Chase and Bank of America were the top producers of jumbo loans in the second quarter…

August 15, 2018 - IMFnews

Surprise: Quicken Rolls Out Private Sector Reverse Mortgage

Funding for Quicken's new reverse mortgage will come from securitization…

August 14, 2018 - IMFnews

VA Doesn’t Like Bill that Would Increase Costs on Vet Home Loans

Both the VA and residential originators believe the fee increase would be used to cover expanded health-care benefits…

August 13, 2018 - IMFnews

IMA Working on $20 Billion MSR Transaction

The top five sellers of bulk agency product during the first-half of 2018 were Stearns Lending, Flagstar Bank, Seneca Mortgage, United Shore Financial (parent of United Wholesale Mortgage), and loanDepot.

August 13, 2018 - IMFnews

VA Production Spikes 30.2 Percent, Thanks to Strong Purchase Lending

However, VA refi business struggled in the second quarter with production falling 7.0 percent…

August 10, 2018 - IMFnews

Bulk Servicing Sales Continue at a Brisk Pace. A Record Year?

IMA and MountainView expect to trade more product this year than last…


Who "owns" the mortgage customer that’s brought to a wholesale lender through a loan broker?

The broker. It’s his/her client.
The wholesale/table funder. They’re taking the financial risk.
The broker, but only for the first year. After that, the borrower is fair game.
Hard to answer. It’s a complicated issue.

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