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So Much Home Equity, But Not Much Lending. Reason: Tight Underwriting

June 8, 2018
Brandon Ivey
Home equity outstanding hit a peak of $13.43 trillion in the first quarter of 2006 then tumbled during the financial crisis...
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What We’re Hearing: Time to Enter the Non-QM Market? / LoanScorecard is Bullish on the Sector / Citadel and AO Keep Humming Along / FTC Wants to Know More About How the RE Brokerage Industry Works / A Bunch of ‘Yes Men’ on the CFPB Advisory Board? / Mulva

June 8, 2018
Paul Muolo
To conservatives in the financial services industry, Mick Mulvaney is a hero.
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Bank MSR Holdings Decline Again in 1Q18, But Valuations Hit Record High

June 8, 2018
Commercial banks and savings institutions once again reduced their holdings of mortgage servicing rights during the first quarter of 2018, according to an Inside Mortgage Trends analysis of call-report data. [Includes one data chart.]
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MSR Market Looks Strong But Issues Remain

June 8, 2018
Trading in mortgage servicing rights is as good as it’s been for years, but it remains a small market full of pricing and transactional irregularities, according to industry experts speaking on a panel at the secondary market conference sponsored by the Mortgage Bankers Association last month.
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Retail Channel Gained Share in Some Markets

June 8, 2018
Retail loan production gained share in the jumbo and government-insured markets during the first quarter of 2018 but lost a little ground in the conventional-conforming space, according to survey data compiled by Inside Mortgage Finance. [Includes two data charts.]
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Home-Equity Lending Starts the Year on a Flat Note

June 7, 2018
John Bancroft
Bank of America once again ranked first in terms of new HELOC commitments, according to Inside Mortgage Finance…
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CFPB’s Enforcement Team Recommends Mulvaney Drop the PHH Case

June 7, 2018
Yemeng Yang
Acting CFPB Director Mick Mulvaney sent a list of questions to both sides on May 11 asking for recommendations on the case proceeding.
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MBA Board Picks Veteran Mortgage Banker Broeksmit to succeed Dave Stevens as CEO and President

June 7, 2018
Paul Muolo
Broeksmit, who has spent his entire 33-year career in the mortgage industry, joins MBA from Treliant Risk Advisors...
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Former CFPB Board Member Levitin Defends the Work of the CAB, Calls Agency Spokesman a ‘Flunky’

June 7, 2018
Paul Muolo and Yemeng Yang
Former CAB board member Adam Levitin said he, “sure made out” with the free coffee, pastries, and box lunches.
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CFPB, Freddie Mac Separately Urge Mortgage Borrowers to Shop Around

June 7, 2018
Brandon Ivey
A significant share of borrowers are missing out on thousands of dollars in savings…
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Latest Imf News

  • Bayview Creates Some Distance From Other Top Ginnie Servicers

  • FHA Proposes Alternative to Partial Claims

  • AGNC Returns to Profitability in Second Quarter

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More Imf News

Featured Data

  • Ginnie Issuance Soars in 2Q; Purchase Mortgages Strong

  • Non-Agency MBS Issuance Declines in Second Quarter

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  • Lenders Put an Emphasis on FHA, VA Loans in 2Q

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Featured Reports

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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