IMFnews

August 16, 2017

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Federal Appeals Court Rules Mortgage Underwriters are Entitled to OT Pay

Under this test, an employer must show that the employee is paid at least $455 per week… Read More

Mortgage Hiring Spree Tapering Off?

Another digital lender that’s hiring is NewFi Lending of Emeryville, CA… Read More

Fannie, Freddie Earnings Could Hit $10 Billion in 3Q17 Thanks to RBS Settlement

If the $10.4 billion figure proves accurate it will result in another hefty dividend payment by Fannie and Freddie to the holder of its senior preferred stock: the U.S. Treasury. Read More

For Sale by MountainView: $94 Million of NPLs/RPLs and More

Over the past three years MountainView has sold $3.8 billion of whole loans as measured by unpaid principal balance… Read More

Alternative Credit Scores for GSE Loans will Have to Wait for the Single-Security Project

Mel Watt called the credit score explorations one of the “most difficult” evaluations he’s taken on as FHFA director. Read More

Short Takes: HUD Deputy Nominee Waits on the Senate, Still / Refis Rising? / A Private Placement for Ellington / Ellie Goes After the Big Boys / A Share Price Estimate of Zero

Mortgage software provider Ellie Mae said in a recent SEC filing that “part” of its business strategy is to target larger mortgage lenders... Read More