IMFnews

June 18, 2018

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HECM Originations Spiked in 1Q18. (That’s Not a Misprint)

Reverse production increased 18.5 percent when measured against 1Q17. Read More

More Commercial Banks Bidding on Mortgage Servicing Rights. Changes to Basel III a Factor?

Ed Robinson, senior vice president in charge of mortgage banking for Fifth Third, told Inside Mortgage Finance his bank made a conscious decision to jump into the MSR acquisition arena… Read More

Trump Picks Career Government Official to Head the CFPB. A Way to Keep Mulvaney in Charge?

Cowen: “We see the nomination of Kathy Kraninger as a way to keep OMB Director Mick Mulvaney in charge of the Consumer Financial Protection Bureau for years to come..." Read More

Prestwick Selling Fannie MSR Package Into a Strong Market

Prestwick’s George Christo cites “float earnings” as a significant value driver… Read More

Should the FHFA Set Operational Standards for Mortgage Servicers? Rep. Waters Readies Bill

Mortgage servicers believe they already face intense regulatory scrutiny... Read More

Short Takes: CFPB Nominee’s LinkedIn Profile / Kraninger is a Radical Pick for Trump – She’s a Career Bureaucrat / The Thumb’s Up from Hensarling / FTC Action Against CoreLogic / A SC Branch for Mortgage Network

Rep. Jeb Hensarling: "I’m confident that, under Kathy’s leadership, gone are the days of wasting more than $240 million of taxpayer money to renovate a building it doesn’t even own and paying staff to perform research that has nothing to do with the Bureau’s mission..." Read More