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IMFnews

May 24, 2018

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Senate Confirms Montgomery as FHA Commissioner, Industry Braces for Changes

Rep. Jeb Hensarling, R-TX, chairman of the House Financial Services Committee, said Montgomery should “right size” the FHA. Read More

Senators Divided on Prospects for Housing-Finance Reform Legislation this Year

Sen. Bob Corker, R-TN, said passing legislation this year “evidently is not going to happen” and his sense is that Fannie Mae and Freddie Mac will stay in conservatorship “for some time.” Read More

PeerStreet’s Originations Booming with a Focus on Bridge Loans for Investment Properties

PeerStreet was founded in 2014, reached a cumulative $500.0 million in originations this past September and recently surpassed $1.0 billion in originations. Read More

Short Takes: Home Prices Increase / HPA Slowing in Some Areas / Bank Switches Mortgage Strategy / Hometap Raises $12.0 Million

Home prices increased by 1.7 percent in the first quarter of 2018, according to the Federal Housing Finance Agency’s house price index. Read More

Correspondent Channel Gains Market Share as Originations Decline

The correspondent channel accounted for 32.9 percent of total first-lien originations, up from a 32.4 percent share the previous quarter. Read More

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