IMFnews

August 10, 2017

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FHFA Chief Concerned about GSE Zero Capital Buffer, but Doesn’t Want to Promote ‘Recap and Release’

Some have suggested that Watt may act yet, but wants "political" cover... Read More

With Refi Activity Declining, Some Nonbanks Turn to Non-QMs, Including Nationstar

Non-QMs carry more regulatory risk than conventional loans, but an increasing number of shops are willing to take on the product as refis slump… Read More

Private MI Industry on a Roll: Market Share Surging, Profits Still Climbing

During the second quarter, VA endorsements of streamlined refi loans fell a whopping 52.9 percent… Read More

A September Surprise? Will CFPB’s Cordray Run For Governor of Ohio?

Will he or won't he? We may know in September... Read More

Walter Posts $94 Million Loss for 2Q17, Mentions Chapter 11 Bankruptcy as a Possibility

Walter notes: “We have already achieved cost reductions in a number of areas, but there can be no assurance that we will be able to reduce costs so as to enable the servicing business to return to profitability in the near term or at all.” Read More

Short Takes: Walter Exits Reverse Lending, May Sell the Business / Redwood Queues Up Another Jumbo Deal / Dark Money in Cordray Effort? / A Small Gain for Applications / New Hires for Churchill

It’s safe to say that CFPB Director Richard Cordray has been one of the most controversial financial regulators to work in Washington, D.C. for quite some time... Read More