Wholesale-broker volume in the third quarter hit its highest level since early 2008 but lost market share with a relatively modest 16.7% increase from the previous period. (Includes six data charts.)
Should nonbank mortgage firms be allowed to join the FHLB system? Hard to say, but if they gain access, the business of warehouse finance could be turned on its head. Or maybe not.
After a regulatory dispute over state licensing laws in Connecticut, a skeleton crew remains. But the firm is plotting a comeback, potentially in another state next year.
The CFPB plans to assess the effectiveness of the integrated mortgage disclosure rule, which is almost five years old. But be forewarned: It will not necessarily lead to elimination, or even modification.
The conforming-jumbo business was booming in the third quarter, especially at Fannie and the VA. Meanwhile, the FHFA likely will boost the conforming loan limit to over $500,000 for 2020. (Includes three data charts.)
Starting next week, mortgage loan originators that move from banks to non-banks or between states can operate with temporary authority. But there may be potential compliance risks, warned attorneys.
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