Warehouse finance volumes are down noticeably this year as originations sag in the primary market. The only good news to speak of is that some originators might be approaching break-even. (Includes data chart.)
The Community Home Lenders of America wants federal officials to ban significant disparities in the fees charged to lenders for credit reports, but analysts say it’s unlikely that policy pressure will stop them.
Even though originations are down roughly 50% this year, investors are still willing to buy mortgage companies, believing the downturn won’t last forever. Of the sales that have occurred, many involve asset transfers.
Fannie and Freddie recommend the CFPB amend the qualified mortgage rule so that more borrowers, particularly those with small-balance loans, are eligible for refinancing.
Appraisal reform and redlining were major focus areas at an annual event that highlights federal accomplishments in fair lending. The Fed, meanwhile, will release new redlining risk assessment materials, perhaps by the weekend.
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