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Inside Mortgage Trends
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Assumable Mortgages Being Pushed to the Forefront

May 3, 2024
Monica Hogan
As home affordability remains elusive, the housing industry is raising the profile of assumable loans.
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Rising Service-Provider Costs Frustrating Lenders

May 3, 2024
James Dohnert
A recent Fannie Mae study found that lenders are concerned about the lack of competition and rising prices of technology service providers’ solutions in the mortgage industry.
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AI Could Boost Mortgage Companies’ Output

May 3, 2024
Shannon Clark
Speakers at a recent Women in Housing and Finance conference detailed how their companies have incorporated AI and the positive results from the tool.
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Grapevine: When MSR Hedging Goes Wrong; Title Insurance Costs

May 3, 2024
Brandon Ivey
PennyMac booked a weak increase in servicing income due to a large loss tied to hedges for MSRs; First American’s CEO doesn’t expect the CFPB’s effort on lender’s title insurance to change much.
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Figure Launches Alternative to MERS Registry

April 19, 2024
James Dohnert
Figure Technology Solutions is offering its Digital Asset Registration Technologies registry to partners of Figure Lending to use for home equity lines of credit.
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Chase Institute Finds Closing Costs Differ by Lender Type

April 19, 2024
James Dohnert
A deep dive into closing costs by the JPMorgan Chase Institute found that borrowers pay more in closing cost fees when leaning on brokers and nonbank lenders for mortgage financing.
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Younger Borrowers Increase Share of Home Purchases

April 19, 2024
Monica Hogan
Mortgage financing was used on 80% of purchases of primary residences last year, a survey by the National Association of Realtors showed.
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Servicing From Failed Nonbank Issuer Shifts to Ginnie

April 19, 2024
Brandon Ivey
Plano, TX-based nonbank NFTN recently failed and its servicing transferred to Ginnie Mae.
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More Nonbank Lending Pushes Up Home Prices

April 19, 2024
Dennis Hollier
Home prices in high- and low-cost neighborhoods converge in counties that have a high concentration of nonbank originations.
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Grapevine: Diversified Nonbanks Faring Better; Job Cuts Continue

April 19, 2024
Brandon Ivey
Flexible nonbanks weathering the storm; layoffs continue at mortgage companies; tepid demand for mortgages on new homes; best execution analysis; Rocket preps AI offering; Equifax boosts mortgage-related revenue.
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