IMFnews

January 27, 2017

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CMBS Issuance Fell in 2016, but Fannie and Freddie Were Rock Stars

Fun fact: Fannie, Freddie and Ginnie accounted for 95.6 percent of multifamily mortgages securitized in 2016… Read More

Willie Newman’s Home Point Financial Agrees to Buy #41 Ranked Stonegate

In the past, Home Point has been a selective buyer of servicing rights and other companies... Read More

Realty Firm Redfin Enters the Mortgage Space with a ‘Digital’ Product

The mortgage division will employ loan advisors, providing them with incentives that reward service, not just sales... Read More

Democrats, Advocates File to Intervene in PHH Appeal

Should the CFPB fail to convince the court for a rehearing, or win a rehearing but lose the argument at that point, it would unlikely be able to receive the authorization needed from the Trump administration’s Office of Attorney General to appeal to the U.S. Supreme Court. Read More

What We’re Hearing: Still Here: CFPB Chief Cordray / Maybe the CFPB Needs to Hire Some LOs / Realty Firms Show Affection for Mortgage Lending / Less RESPA Enforcement? / Warburg Makes a Mortgage Investment / HUD IG Issues a ‘Recall’

Maybe the CFPB should hire some loan officers who have actually closed a mortgage... Read More

Citigroup Announces Plan to Exit Residential Servicing Business; Will Take a $400 Million Charge

New Residential, a publicly traded REIT, will obtain the rights to roughly 780,000 loans ($97 billion) guaranteed by Fannie Mae and Freddie Mac... Read More