Cart

IMFnews

February 21, 2017

View Archived Issues

Trouble in the Jumbo Sector? Originations Decline for Second Consecutive Quarter; Market Share Down Too

Meanwhile, it appears that JPMorgan Chase is ready to surpass Wells Fargo as the market leader in jumbo production… Read More

MSR-Investing REIT New Residential More Than Doubles 4Q Profit to $225 Million

At Dec. 31, New Residential valued its mortgage servicing portfolio at $659 million... Read More

Ocwen Share Price Spikes After Servicer Settles with California

“This is a fair and just settlement for California consumers,” said CDBO Commissioner Jan Lynn Owen. “The terms will hold Ocwen accountable for widespread violations of laws that harmed borrowers in our state.” Read More

House Financial Services Chair Praises Decision by Trump to Block MIP Reduction, Citing Higher FHA Delinquencies in 4Q

David Stevens, MBA president and chief executive officer, said the FHA’s newer books of business have great credit quality, which makes the spike in 30-day delinquencies more surprising. Read More

Banks Increase MBS Holdings – Went on a Buying Spree of Ginnie Mae Product in 4Q16

Bank holdings of Fannie Mae and Freddie Mac pass-through securities were up a more modest 0.6 percent from the third quarter… Read More

Short Takes: CoreLogic Executive Departs. No Reason Given / Getting Excited About Ocwen? / What Does Bill Erbey Know? / MountainView Hits Market with Two New MSR Deals / Norcom Expands Into Tampa

No details were available on why Dave Hurt parted ways with CoreLogic... Read More

U.S. Appeals Court Rules for Government in Key GSE Case; Price of Fannie, Freddie Common Clocked

Writing for the majority, the Appeals Court notes: “We hold that the stockholders’ statutory claims are barred by the Recovery Act’s strict limitation on judicial review …" Read More

Latest Imf News

More Imf News

Featured Data

More Featured Data

Featured Reports

More Latest Reports

Featured Poll

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

View Results