Interactive Mortgage Advisors and Bob Dowell, formerly of Phoenix Analytic Services, have joined forces to form Interactive Mortgage Analytics LLC, Denver.The new entity is offering analytic services to the mortgage industry with an emphasis on the servicing asset. Its services include mark-to-market evaluations, FAS 140 advisory services, purchase or sale analysis, and customized analytic reports, the company said. Mr. Dowell joined Phoenix Capital in 1999 and became involved in the development of its specialized valuation entity, Phoenix Analytic Services. Interactive Mortgage Advisors is a specialized capital markets group that acts as principal in the purchase of whole loans and as an adviser to the mortgage banking industry. It can be found online at http://www.interactivemortgageadvisors.com.
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The industry leaders are sparring over refinance business from a Mr. Cooper portfolio, and UWM contends it didn't specifically try to harm its rival.
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The trade group supports FHFA's overhaul but urges longer comment periods, more flexibility and protections to prevent unintended consequences.
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The drop in the annual metric for FHA loans was the biggest in over four years but other performance indicators ICE Mortgage Technology tracked were mixed.
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NJ Lenders suffered a cyberattack last August, which potentially exposed the names and social security numbers of about 30,000 individuals.
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Its origination volume of $621.8 million was an increase of $114 million compared with the first quarter but its gain-on-sale was 5 basis points lower.
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The mortgage subsidiary of PlainsCapital Bank saw improvement in its bottom line but remained in the red amid ongoing affordability constraints.
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