IMFnews

February 28, 2018

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End of Watt’s Term as FHFA Director Seen as Leverage for Republicans in Congress

Pete Carroll, an executive at CoreLogic, noted that many Democrats in Congress will not support a housing finance reform bill unless such provisions are included. Read More

PHH & Ocwen: Can Two Money-Losing Mortgage Companies Find Happiness Together?

Both publicly traded nonbanks have struggled with profitability the past four years – but for different reasons. Read More

Jumbo Servicing Volumes on the Rise, Banks Dominate

Wells Fargo serviced $287.5 billion of jumbo mortgages as of Dec. 31, ranking first overall… Read More

MBS Trading Volume Starts the New Year with a Bang. A New Benchmark MBS Emerges

In January, the government-sponsored enterprises and Ginnie placed their guarantees on $102.48 billion of new single-family MBS, a modest 6.9 percent decline from December. Read More

Ginnie Mae Isn’t Done with its Crackdown on Rapid Refis

The firms that have been warned by Ginnie are: Cardinal Financial, Flagstar, Freedom Mortgage, JG Wentworth, loanDepot, Nations Lending, New Day Financial, SunWest Mortgage and Texas Capital Bank. Read More