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Fannie Gives Lenders an Alternative to Title Insurance

April 14, 2022
Dennis Hollier
Fannie joins Freddie in accepting attorney title opinion letters instead of title insurance. Industry observers said the new option will mostly impact refinances, not purchases.
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Fannie’s CEO Frater and Chair Bair Resign/Retire

April 14, 2022
Dennis Hollier
Despite coming in the wake of a handful of senior executive departures, the resignations look like normal attrition.
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A Waiting Game for FHA Premium Cuts, Commissioner

April 14, 2022
Monica Hogan
Experts continue to debate how and when FHA should implement insurance premium reductions. Also, last week, Julia Gordon’s nomination to head FHA advanced in the Senate.
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Grapevine: The Early Word on CEO Pay / Adjusting Forecasts

April 14, 2022
Paul Muolo and Brandon Ivey
So far, among public companies, Mr. Cooper CEO Jay Bray was the top mortgage earner in 2021 but many lenders have yet to file proxy statements. Meanwhile, MBA trimmed its production forecast.
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A Steep Origination Drop for JPM in 1Q22 but a Nice Hike in MSR Values

April 13, 2022
Paul Muolo
JPMorgan also increased the asset value of its mortgage servicing rights portfolio to 127 basis points from 106 bps at Dec. 31.
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Equity-Sharing Programs Gaining Momentum Over HELs

April 13, 2022
Brandon Ivey
How mainstream is the concept? The publicly traded Redwood Trust is among the investors that recently committed more than $1.0 billion to Point...
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Coming Soon: A Wave of Mortgage Retirements in the C-Suite?

April 13, 2022
Paul Muolo
If a true retirement wave develops, the question becomes: Who’s going to replace all the retirees?
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Top Originators Grew Market Share in 2021

April 12, 2022
John Bancroft
2021 marked the first year since Inside Mortgage Finance began annual originations rankings back in 1989 that three nonbanks topped the ranking.
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With Mortgage M&A Expected to Boom, Industry Vets Launch Boutique

April 12, 2022
Paul Muolo
Messrs. Schneider and Stein are hanging out their M&A shingle in what could be a fruitful year...
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California Nonbank CRA Bill Scaled Back (For Now)

April 12, 2022
MBA said the action to “remove the most detrimental aspects of the bill” was in response to an advocacy campaign...
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