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IMFnews

April 26, 2018

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Mortgage Origination Volume Tanked in 1Q18, Hitting the Lowest Level Since 4Q14

Production numbers were down sharply in nearly every category. Read More

Acting FHA Chief Dana Wade Sees Disturbing Trends, Worries About Potential Losses

Warning sign: In February, the percentage of FHA borrowers with DTI ratios above 50 percent rose to 24.6 percent, up from 19.8 percent a year ago. Read More

Lenders Divided on Whether Changes Should be Made to QM Standards

“It appears that the larger the investment, the larger the resentment,” Stratmor said. Read More

Sen. Brown Says CFPB Chief Mulvaney Must Go, Cites ‘Pay to Play’ Comments

Sen. Brown said he wants a new CFPB director, one with a moral compass… Read More

Altisource Reports a Loss, Declining Revenue and Says the CFPB Won’t Take Action Against It

In February of last year, Altisource disclosed in an SEC filing that the CFPB was looking into the vendor’s relationship with Ocwen... Read More

Short Takes: Losses at Privately Held Shops? / Refis Near a 10-Year Low / Will the CFPB Target Rate-Lock Commitment Abuses? / Strong Earnings for Radian but Clayton a Drag / A New Hire for United Wholesale

Radian's mortgage and real estate services division – which includes due diligence provider The Clayton Group – continues to struggle... Read More

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