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Inside Mortgage Finance

November 9, 2017

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FHA Market Share Drifting Lower as Private MIs And VA Post Bigger Gains During Third Quarter

Private mortgage insurers remained busy during the third quarter of 2017, but the VA loan guar-anty sector saw the biggest growth in primary MI business, a new Inside Mortgage Finance ranking and analysis reveals. Read More

House Tax Reform Bill Expected to Have a Negative Impact On Housing, Industry Pushes for Numerous Adjustments

Tax reform legislation detailed last week by Republican leaders in the House would have a nega-tive impact on the housing market, according to some industry analysts. The bill prompted a strong re-action from industry participants, who are hoping for a variety of changes in the legislation. Read More

PennyMac Focuses on Originations and Servicing Growth With Launch of Wholesale Channel, Tech Development

PennyMac Financial Services is set to launch broker-direct originations, complementing its correspondent production and retail originations. Officials note that in-house technology development plays a major role in the nonbank’s efforts to increase originations and servicing. Read More

Under New HMDA Regime, Lenders Must Adapt to New Platform, Face New Fair Lending Vulnerabilities

As the mortgage industry prepares for a substantially expanded Home Mortgage Disclosure Act data collection and reporting environment from the Consumer Financial Protection Bureau, compliance experts are getting a clearer sense of some of the biggest challenges lenders will face – most notably on the technology front as well as fair lending scrutiny. Read More

Capital One Quits Mortgage Finance; Will More Lenders Follow in Its Tracks?

Capital One this week announced that it’s throwing in the towel on mortgage finance, laying off staff and shuttering offices in an attempt to improve profits. And now comes the big question: will other banks follow in its wake? Read More

Pundits Take Their Turn Dissecting Housing- Finance Reform Options in House Hearing

The House Financial Services Subcommittee on Housing and Insurance convened a third hearing on housing-finance reform this week, this time hearing from Washington think tanks. A staffer said the hearings are meant to lay “a groundwork for legislation the committee is working on to finally build a housing finance system that is sustainable for homeowners, for hardworking taxpayers, and for our economy.” Read More

Lenders Tout Downpayment Protection Option for Borrowers Against Unpredictable Market Downturns

A few mortgage lenders are offering a purchase-loan option that provides protection to borrowers who make a downpayment on their house and later have to sell at a loss due to a decline in value. Read More

Tough Times for Reverse Lending as Some Large Nonbanks Plan to Exit and FHA Premiums Are Up

Two of the nation’s largest reverse mortgage lending platforms are on the auction block with a third contemplating an exit via a servicing sale. Coupled with higher upfront premiums on the product, all is not well with the sector. Read More

GSEs at Risk for Treasury Draw If Congress Lowers Corporate Tax Rate

A corporate tax cut, now being debated on Capitol Hill, could wreak havoc on the government-sponsored enterprises’ deferred tax assets and result in Fannie Mae and Freddie Mac having to take draws from the U.S. Treasury. Read More

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