IMFnews

April 14, 2017

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CFPB Proposes HMDA Rule Clarifications

One change would facilitate reporting the census tract of a property, using a new geocoding tool that the CFPB plans to provide online. Read More

‘Digital’ Lender Better Mortgage Hopes to Triple Production This Year, Ponders an IPO

According to President Jerry Selitto, the company used traditional LOs when it launched in 2016, but then switched gears “after we realized that’s not the model we wanted.” Read More

‘Tappable’ Home Equity Hit $4.7 Trillion in Late 2016, a 10-Year High

December 2016 represented the 56th straight month of annual home price appreciation, with values rising 5.5 percent over the course of the year… Read More

FHFA IG Cites Problems with the Agency’s Examiner Program

The agency has acknowledged the need for a commissioned examiner program to provide classroom and on-the-job training… Read More

CitiMortgage’s Third-Party Servicing Portfolio Plummets 66 Percent; Lending Off 32 Percent

It’s a safe bet that CitiMortgage will no longer be a top-10 ranked residential servicer… Read More

Short Takes: Assessing Wells Fargo / Did the Account Fabrication Scandal Play a Role? / Watching the Yield on the 10-Year (Fall) / Better Mortgage Believes it Has a Better Idea on LO Comp / SFIG Prepares the Next Phase

For Wells, the bigger question might be: did its “account fabrication” scandal of 2016 (which is still reverberating at the company) affect its mortgage business? Read More