The National Association of Insurance Commissioners is considering limiting its definition of residential mortgages and potentially requiring reporting of the characteristics of residential mortgages held by insurance companies.
A group of 13 publicly traded nonbank lenders reported a combined $2.20 billion in mortgage-banking income for the second quarter, down 32.3% from the first quarter. (Includes data table.)
The banking industry continued to pare its servicing-for-others. But MSR values held steady on a quarterly basis at the end of June. (Includes data table.)
The Community Home Lenders of America urged the CFPB to pursue loan originator compensation reform as the bureau weighs changes to the TILA-RESPA Integrated Disclosures rule.