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Spring Homebuying Season to the Rescue? Maybe, Maybe Not

April 5, 2018
Brandon Ivey
Lenders cited a lack of inventory of homes for sale as one of the major factors limiting demand for purchase mortgages.
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Urban Institute Sees Correlation in Limited English Proficient Households and Homeownership Rate

April 5, 2018
Having little proficiency in English is a big impediment to homeownership, according to a new study by the Urban Institute that examined homeownership by zip codes. The think tank lauded the addition of the preferred language question to the Uniform Residential Loan Application and said it’s a move in the right direction.
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Smaller Lenders Held Their Own in 2017’s Declining Mortgage-Originations Market

April 5, 2018
Nonbanks accounted for just over half of the total first-lien mortgage production by the top 100 lenders in the market, according to a new Inside Mortgage Finance analysis and year-end tally.
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Short Takes: Ginnie Mae and the ‘Churning Nine,’ An Update / In the Ginnie Penalty Box? / Stone Point Buys Due Diligence Provider AMC / Synergy One Hires New Production Chief

April 5, 2018
George Brooks and Paul Muolo
Stone Point Capital has acquired a controlling stake in due diligence provider American Mortgage Consultants.
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Trouble Brewing for Fannie and Freddie in High DTI Market?

April 4, 2018
John Bancroft
MGIC, Radian, Essent and National MI all announced that they would no longer insure loans with DTI ratios over 45 percent and credit scores below 700…
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M&A Market Heats Up: Finance of America Buys Skyline’s ‘Assets’

April 4, 2018
Paul Muolo
Finance of America ranked 22nd among all originators in 2017...
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FTC Suggests the CFPB May Want to Consider ‘High Level’ Approvals for CIDs

April 4, 2018
Yemeng Yang
Mortgage lenders that have received civil investigative demands from the CFPB have complained the process can be trying…
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MERS Launches Product to Help Lenders ‘Conveniently’ Implement eNotes as Part of Digital Mortgage Process

April 4, 2018
Brandon Ivey
Simon Moir of eOriginal said eNotes are the most important document in closings of digital mortgages…
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Short Takes: Bill Ashmore Working on a Non-QM Startup? / The Mood in New Jersey / The White House Role in Relaxing Standards? / How to Aid in the Construction of Housing / Wells Promotes Hilzendeger to New Mortgage Post

April 4, 2018
Paul Muolo
If President Trump – a builder by trade – truly wants to help the housing market by adding inventory he could order the federal government to sell some of its massive holdings of land to builders at dirt cheap prices...
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FHFA Wants Input on Potentially Burdensome or Duplicative Regulations

April 4, 2018
Carisa Chappell
The FHFA’s Office of General Counsel will review all of the comments and report findings...
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