IMFnews

March 8, 2018

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‘Big Ticket’ Mortgage Lending Lost Market Share in 2017

An estimated $437.84 billion of home loans greater than the $424,100 benchmark agency limit were originated in 2017… Read More

Embrace Home Loans Hires a Deephaven Capital Markets VP to Head Product Innovation

Parkes Dibble was previously vice president of capital markets... Read More

FDIC Ready to Unload $422 Million of HECMs from IndyMac; Average Age of the Borrower: 81

Incenter and Ferncliff Investments are advising the FDIC on the HECM auction. Read More

Senate Advances Dodd-Frank Reform Legislation, Bill Would Aid LOs Who Switch Jobs

The bill would make it easier for loan officers to continue working if they leave a bank to go to a nonbank or leave a state-licensed shop in one state to go to a new state. Read More

CFPB Tweaks Bankruptcy Reporting Rules for Mortgage Servicers

Gordon Albrecht, a senior director at specialty servicer FCI Lender Services, told IMFnews the new CFPB rules, in general, mean “more work and more servicing costs.” Read More

Short Takes: Risk Sharing Denting GSE Profits? / Time to Put on the Investment Banking Hat? / Someone at HUD Hates Semi-Colons / Now, More than Ever, it Might be Time for All Concerned at HUD to Take the ‘Niceness Pledge’ / Invitation Homes Executive Gets

Whatever happened to the “niceness” pledge that Carson wanted everyone there to take? Certainly, if there’s a need for niceness at HUD, it might be now… Read More