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IMFnews

January 24, 2017

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Flagstar’s 4Q16 Results: Residential Production Drops, MSRs are Marked Up

So far, the industry average on MSR markups for 4Q has been roughly 29 percent, according to a recent tally from Compass Point... Read More

4Q16 So Far: Mixed Results for Banks and Mortgages. An MSR Hedging Gaffe for BOK

On the servicing front, BOK Financial revealed that 4Q16 income was reduced because it left servicing-related hedges on the books for too long... Read More

Citi Settles CFPB Servicing Allegations for $29 Million

The CFPB accused CitiFinancial Servicing of misleading consumers about the effect of deferring payment due dates… Read More

A Warning from MBA’s Stevens: An Industry Paradigm Shift is Underway. What to do About Refi-Heavy LOs?

The MBA chief stressed that the market is set to shift from mortgage loan officers who can thrive as “gatherers” to a market that requires “hunters.” Read More

Suspending FHA Premium Cut is a Good Thing, Says AEI’s Ed Pinto

At least some factions of the industry are happy about the FHA not cutting premiums, including Ed Pinto of AEI… Read More

Short Takes: Wells Fargo Accused of Improperly Charging for Rate-Lock Extensions / A Big Deal or Not? / The Golden West-Sandler-Wells Fargo Connection / UWM Chief to Educate on ARMs

Some of the allegations surfaced in a Nov. 2016 letter sent to Congress by a former Wells LO named Frank Chavez... Read More

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