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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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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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Mortgage M&A Mania has Finally Arrived as Franklin American and Castle & Cooke Head for the Exit

June 7, 2018
Since the beginning of the year, at least 11 mortgage banking franchises have come to terms with new owners, representing annualized loan production of $70.3 billion – enough volume to rank as the nation’s fourth largest lender, according to figures compiled by Inside Mortgage Finance. [Includes one data chart.]
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Montgomery Starts Second Turn as FHA Commissioner As Stakeholders Call for IT Upgrades, Final Condo Rule

June 7, 2018
Brian Montgomery this week was sworn in as FHA commissioner, ready to tackle a number of priorities he promised Congress he would undertake once in office.
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Short Takes: CIT Exits Servicing Business / Hensarling and Godot / Sinking Share Prices for Fannie and Freddie / Who You Calling Small? / Cooper Labs?

June 7, 2018
Paul Muolo
If you’re looking for a barometer on reform legislation passing, just take a peek at the share price of Fannie and Freddie common.
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Latest Imf News

  • GSEs Increase Issuance of Specified Pools in Second Quarter

  • Garg Out as Better’s CEO; Another Loss for Nonbank in 2Q

  • FHFA Faces Some Pushback on Duty-to-Serve Proposal

  • Angel Oak REIT Returns to Profitability in Second Quarter

More Imf News

Featured Data

  • Expanded-Credit MBS Issuance Declines in 2Q

  • Top Ginnie Servicers See Modest Growth in 2Q

  • Consumer Debt Drives New ABS to Record High in 2Q

  • Primary MI Volume, Characteristics Stable in Second Quarter

More Featured Data

Featured Reports

  • Mortgage Servicing Rights Report: 1Q26 (PDF)

  • Lender Profiles 1Q26: Top 25 (PDF)

  • Mortgage Profitability Report 1Q26 (PDF)

  • Top Mortgage Players: 1Q26 (PDF)

More Latest Reports

Featured Poll

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

View Results
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