When nonbanks suffer in the origination game, so do their bankers. According to the latest analysis from Inside Mortgage Finance, warehouse commitments totaled $96.0 billion at yearend. (Includes data table.)
Housing Secretary Fudge resigns; IRS postpones controversial changes to IVES; regulators to alter Basel capital proposal; banking regulators waive appraisal requirements in Maui; feedback sought on bank call-report proposal.
Expanded use of bid-tape AOT transactions and mandatory mortgage deliveries increase lender efficiencies and boost profits, according to hedge consultancy Mortgage Capital Trading.
It was a tough quarter for warehouse lending, but that was to be expected, given the state of interest rates and primary market production. The good news? Plenty of credit is available. (Includes data chart.)
The proposed rule would direct all HUD program participants to proactively take actions to overcome patterns of segregation, promote fair housing choice and eliminate disparities in opportunities, among other issues.