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Inside Mortgage Finance
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Lenders Face Skyrocketing Costs for Credit Scores

May 2, 2024
Dennis Hollier
Lenders argue that dramatic price hikes by FICO have inflated their credit score costs by as much as 500% since 2022.
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An Uneven Story on 2023 Mortgage CEO Comp

May 2, 2024
Paul Muolo
What’s a mortgage CEO worth in a dicey origination market? According to an early read of proxy filings, some chief executives received nice pay packages last year, while others saw reductions.
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A New High for Origination Losses

May 2, 2024
Paul Muolo
Per loan origination losses hit a 15-year high last year. But is the worst of it over? It depends on the shop.
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California Bill Targeting Automation Tools Irks Trade Groups

May 2, 2024
James Dohnert
A new California bill that seeks to regulate the use of automated decision tools is facing strong opposition from the Mortgage Bankers Association and other trade groups.
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Lenders Oppose HUD Rules on Energy Efficiency, Floods

May 2, 2024
Monica Hogan
The Department of Housing and Urban Development has finalized rules that would modernize residential building standards.
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Industry Participants Ponder Affordable Housing Options

May 2, 2024
Shannon Clark
A reduction in closing costs, down payment assistance programs for first-generation homebuyers and investing in communities that need housing could all lead to more affordable housing access.
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CFPB Dives Into Mortgage Servicers’ ‘Junk Fees’

April 25, 2024
Shannon Clark
The CFPB this week issued a report regarding numerous “junk fees” charged by mortgage servicers. The servicers were generally ordered to refund the fees and change their practices.
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After Fudge and McCargo, Are More Exits Expected?

April 25, 2024
Monica Hogan
The two resignations in less than two months and in a presidential election year have created some uncertainty over the future of other political appointees in the federal housing sector.
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Mortgage Demand Holding Up Despite Interest Rates

April 25, 2024
Brandon Ivey
Potential homebuyers are showing stronger demand for mortgages than they were a year ago, even though interest rates are higher now. Economists at Fannie Mae revised their projections for mortgage originations upward last week.
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Industry Must Collaborate on Climate Risk, Panelists Say

April 25, 2024
Monica Hogan
Lenders, servicers and others in the housing market should work together to educate consumers on the financial impact of climate change, according to participants at a conference last week.
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Latest Imf News

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