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Inside Mortgage Finance
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DOJ Self-Referring Redlining Investigations, Attorneys Say

March 17, 2022
Sam Manas
According to Nelson Mullins attorneys, the DOJ is conducting statistical analyses on HMDA loan application register data to unearth potential fair lending violations.
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Lenders Comment on FHFA’s Strategic Plan

March 17, 2022
Dennis Hollier
Mortgage professionals generally approve of the plan, but say more changes are needed to expand access to credit.
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UWM Jumps Into Bank Statement Loan Market. Will Others Follow?

March 17, 2022
Paul Muolo and Brandon Ivey
When originations sag, one solution is to add new products, nonprime or otherwise. At least that’s what UWM did this week. Will it work?
Read More

Hispanic Homeownership Rising But Challenges Remain

March 17, 2022
Monica Hogan
Industry participants discussed the challenges to homeownership growth among the U.S. Latino population during the National Association of Hispanic Real Estate Professionals’ annual conference this week.
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Ethnicity of Loan Originator a Factor in Mortgage Denials

March 17, 2022
Brandon Ivey
An increase in the share of minorities working as loan originators could boost approval rates for loan applications by minority borrowers, according to findings from two new studies.
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Grapevine: Here Comes the Fed / A Good Thing to Own: MSRs

March 17, 2022
Paul Muolo
A Fed rate hike is bad news for most home lenders but a gift to owners of mortgage servicing rights. Time to sell receivables? Borrow against them? An interesting year lies ahead.
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PE Firm Hopes to Roll Up Fix-and-Flip Lenders

March 10, 2022
Paul Muolo
Fix-and-flip shops are in vogue these days but pricey to buy. Still, Rice Park has big acquisition plans. Can it execute?
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As Refis Slow, Lenders Turn to New and Little-Used Products

March 10, 2022
Brandon Ivey
As the “easy” refis decline, lenders are turning to non-QMs, renovation loans, equity-extraction products and other less common offerings. There are also other moves lenders can make at the beginning of a down cycle, according to industry analysts.
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Fifth Circuit Remands Collins to District Court

March 10, 2022
Dennis Hollier
By punting on this GSE case, the appeals court effectively ends shareholders’ constitutional and Administrative Procedures Act claims. Now, all eyes turn to a breach of contract battle in district court.
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What’s Rocket Going to Do With All That Cash? Buy MSRs

March 10, 2022
Paul Muolo
Rocket is the largest home lender in the land but ranks fifth among servicers. Does it have designs on being the number-one servicing shop too? Hard to say.
Read More
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Latest Imf News

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