IMFnews

Higher CFPB Consumer Complaints Follow Rocket's Acquisition of Mr. Cooper

sclark@imfpubs.com — Tue, 28 Jul 2026 11:59:00 -0400

Not unexpectedly, as Rocket Mortgage shot to the top of the primary servicing rankings following their acquisition of Mr. Cooper late last year, they were also subject to the most mortgage-related complaints received by the Consumer Financial Protection Bureau during the first six months of 2026, according to a new Inside the CFPB analysis.

Profits Decline for Newrez in 2Q

jdohnert@imfpubs.com — Tue, 28 Jul 2026 11:58:00 -0400

Newrez generated $113.1 million of income before taxes in the second quarter, down from $250.6 million in the previous quarter.

Banks in Wait-and-See Mode Ahead of Regulatory Capital Changes

jdohnert@imfpubs.com — Tue, 28 Jul 2026 11:57:00 -0400

KBRA said bank management teams have said they want to see how the market responds to the revised capital rules.

Redwood Takes Loss in 2Q

jdohnert@imfpubs.com — Tue, 28 Jul 2026 11:56:00 -0400

Redwood Trust's second-quarter loss was an improvement on first-quarter performance, reflecting a more cautious operating approach in April and May.

Short Takes: Dem Senators Push Pulte on Affordable Housing / Milliman Acquires MSR Valuation and Hedging Services / Judge Dismisses Zillow Steering Case / HPA Rises to Highest Rate Since August

jdohnert@imfpubs.com — Tue, 28 Jul 2026 11:55:00 -0400

Elizabeth Warren, D-MA, and Chuck Schumer, D-NY, have requested Bill Pulte's official calendars and questioned his availability to address FHFA issues.

Bayview Top Bulk Buyer of Agency MSR in 2Q

bivey@imfpubs.com — Mon, 27 Jul 2026 11:59:00 -0400

Bayview acquired $28.91 billion in unpaid servicing principal balance during the quarter, a nearly 90% increase in bulk acquisitions compared with its activity in the first quarter.

Foreclosures Slowly Rising

jdohnert@imfpubs.com — Mon, 27 Jul 2026 11:58:00 -0400

Foreclosure sales in June were up 16% from a year ago, according to a recent report by Intercontinental Exchange.

Fannie Looks at ADUs to Boost Housing Supply

dhollier@imfpubs.com — Mon, 27 Jul 2026 11:57:00 -0400

Policies published by Fannie Mae in December allow ADUs to be treated like other home features or improvements.

Recent Homebuyers Counting on Future Refi

jdohnert@imfpubs.com — Mon, 27 Jul 2026 11:56:00 -0400

About 50% of homeowners said that their mortgage could become unsustainable without a lower rate in the next three years, according to a recent Truework survey of buyers who purchased a home in the last 24 months.

Short Takes: Housing Availability Cited as Biggest Obstacle to Homeownership / Negative Equity Becomes Near-Obsolete / BlackWolf Advisory, Authority Partners Team on AI Servicing / FoA Expands Executive Team

jdohnert@imfpubs.com — Mon, 27 Jul 2026 11:55:00 -0400

Some 46% of lenders believe a shortage of available starter homes is the biggest barrier for first-time buyers.

Primary MI Volume Up Somewhat in First Half of 2026

bivey@imfpubs.com — Fri, 24 Jul 2026 11:59:00 -0400

In the first half of 2026, $120.88 billion of GSE purchase mortgages with private MI was securitized, a 4.5% increase from the first half of 2025.

CFPB Director Nominee Johnson Details Priorities

sclark@imfpubs.com — Fri, 24 Jul 2026 11:58:00 -0400

Brian Johnson said he would prioritize protecting consumers, promoting accountability by ensuring the bureau acts prudently and within its statutory limits, and modernizing CFPB operations.

GSEs’ MBS Investing Providing Backstop for Market

bivey@imfpubs.com — Fri, 24 Jul 2026 11:57:00 -0400

The GSEs are acting like a relative value investor rather than crowding out other agency MBS investors, according to leaders of REITs that focus on agency MBS.

PrimeLending Takes Another Loss in 2Q, Originations Rise

bivey@imfpubs.com — Fri, 24 Jul 2026 11:56:00 -0400

PrimeLending took a pre-tax loss of $2.0 million in the second quarter of 2026, following a $2.4 million loss in the first quarter.

Short Takes: MBA Trims Forecast for Unemployment / MGIC Increases Dividend / Primis Settles Recruiting Lawsuit

bivey@imfpubs.com — Fri, 24 Jul 2026 11:55:00 -0400

The MBA now projects that the unemployment rate will hold at 4.3% through the end of the third quarter of 2026, before rising to 4.4% in the fourth quarter.

Non-Agency MBS Issuance Down in Second Quarter

jbancroft@imfpubs.com — Thu, 23 Jul 2026 11:59:00 -0400

Much of the decline was from activity with seasoned mortgages.

Northpointe Bank Increasing Warehouse Lending Activity

bivey@imfpubs.com — Thu, 23 Jul 2026 11:58:00 -0400

Warehouse lending balances at Northpointe Bank increased by 36.3% on an annual basis to $3.94 billion as of the end of June.

Button Finance Aggressive as It Enters Non-QM Market

azimmardi@imfpubs.com — Thu, 23 Jul 2026 11:57:00 -0400

"We’re comfortable with risk from many of the sellers out there that are already making those loans and selling them elsewhere," said Jason Harris, co-founder and CEO of Button Finance.

FHA Pulls Direct Endorsement Approval for 3 Lenders

ewilley@imfpubs.com — Thu, 23 Jul 2026 11:56:00 -0400

Equity Prime Mortgage, AmeriTrust Mortgage and OCMBC had their DE approval terminated in several regions.

Short Takes: Condo Prices Declining / Movement Expands Spanish-Speaking Support / Earnings Improve at Another MBS-Focused REIT / Adamas Offers Its Largest Expanded-Credit MBS

bivey@imfpubs.com — Thu, 23 Jul 2026 11:55:00 -0400

Average condo prices declined by 0.7% on an annual basis as of mid-July, according to Intercontinental Exchange.

Originations Up, Margins Down at AmeriHome in 2Q

bivey@imfpubs.com — Wed, 22 Jul 2026 11:59:00 -0400

The correspondent aggregator's volume was up 14.1% on a quarterly basis.

Union Home Mortgage Acquires Non-QM Lender’s Origination Assets

azimmardi@imfpubs.com — Wed, 22 Jul 2026 11:58:00 -0400

Union Home Mortgage acquired the origination assets of non-qualified mortgage lender AmeriTrust Mortgage Corporation.

Annaly Adds to Agency MBS Holdings in Second Quarter

bivey@imfpubs.com — Wed, 22 Jul 2026 11:57:00 -0400

Annaly generated $827.8 million of net income in the second quarter, nearly tripling its income from the first quarter.

No Gaming With Credit Scores: Equifax CEO

bivey@imfpubs.com — Wed, 22 Jul 2026 11:56:00 -0400

Mark Begor, CEO of Equifax, dismissed concerns that mortgage lenders are looking at scores from both FICO and VantageScore to determine which score to use with mortgages delivered to the GSEs.

Short Takes: Interest Rates Unlikely to Decline / Home Sales, Prices Decline at Pulte / Freedom to Issue Debt

bivey@imfpubs.com — Wed, 22 Jul 2026 11:55:00 -0400

“Incoming data showed that inflation dropped in June, but with oil prices spiking again, that improvement seems unlikely to continue in July data, and mortgage rates are likely to remain higher as a result,” said Mike Fratantoni, a senior vice president and chief economist at the Mortgage Bankers Association.

Bayview Creates Some Distance From Other Top Ginnie Servicers

ewilley@imfpubs.com — Tue, 21 Jul 2026 11:59:00 -0400

The nonbank increased its Ginnie servicing portfolio by $15.70 billion during the quarter, including $14.35 billion in FHA servicing.

FHA Proposes Alternative to Partial Claims

ewilley@imfpubs.com — Tue, 21 Jul 2026 11:58:00 -0400

FHA proposed an alternative structure for its partial claims in pursuit of making the program easier for program participants and the Department of Housing and Urban Development's servicer to manage.

AGNC Returns to Profitability in Second Quarter

jdohnert@imfpubs.com — Tue, 21 Jul 2026 11:57:00 -0400

The largest holder of mortgage-backed securities among REITs increased its portfolio and boosted profits in the second quarter.

Lenders Looking to Increase Originations With Efficiency

bivey@imfpubs.com — Tue, 21 Jul 2026 11:56:00 -0400

The most frequently cited growth strategy was increasing production from the existing sales team, selected by 75% of respondents surveyed by The Mortgage Collective.

Short Takes: Home Price Appreciation Picking Up / Equifax Offering Reduced VS Pricing Into 2027 / Homebuilder Reduces Sales Guidance / High-Balance DSCR HELOC

bivey@imfpubs.com — Tue, 21 Jul 2026 11:55:00 -0400

Home prices were up 3.0% on an annual basis in June, the highest annual growth rate in the past 10 months, according to Redfin.