IMFnews

October 26, 2017

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Originations Continued to Exceed Expectations in 3Q17. The Final Tally: $495 Billion

Among the standouts in terms of lending growth were Freedom Mortgage, Caliber Home Loans, United Wholesale, and Home Point Financial, Inside Mortgage Finance found… Read More

FHA Nominee (and ex-FHA Commissioner) Montgomery: Time For Us to Treat Lenders Like Partners

FHA Commissioner Nominee Brian Montgomery: “To be clear, fraud and misrepresentation have no place in any industry … but I wonder if we haven’t gone too far.” Read More

Servicing Brokers Show Concern on Fannie Mae Plan to Enter the MSR Marketplace

One dealmaker, requesting anonymity, added: “Why not just sell servicing on eBay? There are reasons the market for servicing is wired as it is.” Read More

Trade Groups Press Lawmakers to Pass TRID Improvement Bill

Currently, the bureau does not permit title insurance companies to disclose available discounts… Read More

The Mortgage M&A Market Heats Up: Ocwen Prepping for a Sale (of Sorts)

Ocwen very well could be sold through an “asset” sale, observers told Inside Mortgage Finance… Read More

Short Takes: Ocwen Sale Could Spell Trouble for Indian Workers / Tepid Mortgage Results for Ally / From GMAC to Ocwen to Nationstar / 3Q Results from Radian, Altisource / No Thanks, Mr. Mnuchin

Some history: When GMAC imploded earlier in the decade, some of its GSE servicing rights were sold to Ocwen. Ocwen eventually sold those contracts to Nationstar. Read More