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Inside Mortgage Finance
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MBA Calls for Creation of a ‘Regulatory Sandbox’ as Trump Administration Considers Reforms for Nonbanks and FinTech

April 5, 2018
Federal regulators should establish a “regulatory sandbox” to encourage innovation by lenders, according to the Mortgage Bankers Association.
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CFPB Solicits Feedback on Financial Education

April 5, 2018
Yemeng Yang
The next and final RFI from the CFPB will address consumer inquiries…
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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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Blackstone’s Finance of America Buys Skyline Lending; It’s Unclear Whether It Will Remain Standalone Unit

April 5, 2018
Wall Street powerhouse The Blackstone Group acquired Skyline Lending late last month, setting the stage for a potential shakeup at its mortgage operations, which include Finance of America and Stearns Lending.
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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
Paul Muolo and George Brooks
Stone Point Capital has acquired a controlling stake in due diligence provider American Mortgage Consultants.
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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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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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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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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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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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