IMFnews

May 14, 2018

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GSE Credit Window for Purchase Loans Opened Slightly in 1Q18

In the first quarter, 12.61 percent of purchase loans sold to the GSEs fell into the highest risk category… Read More

Fannie: Appraisals Still Needed Despite Technological Advances

Fannie Mae's Renee Schultz said the decision to offer property inspection waivers is probably the longest running pilot the GSE has ever had… Read More

Nationstar Discloses SEC Inquiry Regarding MSR Measurements

The OCA consultation process was initiated in connection with an investigation by the Division of Enforcement that remains ongoing, the nonbank said. Read More

Phoenix Ready to Auction MSR Flow Package

Much of the product is projected to come from California, Florida and Texas. Read More

Lenders Quantify Cost, Impact of CFPB’s ATR Rule

Lenders estimated that ATR/QM added $139 per loan to their ongoing origination costs. Read More

Short Takes: Ditech Ready to Roll Out Jumbo Product? / Who is Samuel Martini and Why Does he Like Ditech? / An Explanation of Legal Risks / What’s $164 Trillion Among Friends?

Total U.S. debt outstanding is just over $21 trillion. Prior to the financial crisis, U.S. mortgage debt was actually larger than Treasury debt... Read More