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Inside Mortgage Finance

February 15, 2018

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Private MIs Lose Some Share Late in the Year, But Industry Gained Overall in 2017

Private mortgage insurers took a bigger share of the primary MI market last year, although the VA program rebounded in the fourth quarter, a new Inside Mortgage Finance analysis reveals. Read More

Shell Company Stuffed with NOLs Agrees to Buy Nation’s Third Largest Servicer in a Feat of Financial Engineering

WMIH Corp., a shell company whose chief asset is tax losses, this week agreed to purchase Nationstar Mortgage for roughly $1.68 billion in cash and stock. Read More

Mortgage Delinquencies Increase at End of 2017 with Poor Performance Concentrated in Areas Damaged by Hurricanes

Mortgage delinquencies overall increased at the end of the year, with the poor performance largely attributed to areas hit by hurricanes in August and September. Mortgage performance in most of the rest of the country actually improved at the end of 2017. Read More

With GSE Reform Looking Dead for this Year, Mortgage Bankers Grow Anxious About the World After Mel Watt

With the legislative calendar growing shorter and Democrats avoiding saying anything positive about the GOP draft legislation on housing-finance reform, many in the industry are worrying more about what might happen to Fannie Mae and Freddie Mac when Mel Watt leaves his post as director of the Federal Housing Finance Agency. Read More

House Provides More Limited Relief from CFPB Mortgage Rules. Will Senate Follow Through?

The House of Representatives this week approved bills extending regulatory relief pertaining to the integrated disclosure rule under the Truth in Lending Act and the Real Estate Settlement Procedures Act, or TRID. Read More

Standards for Becoming a Residential Appraiser Set to be Reduced, College Credits Won’t Necessarily be Required

The board authorized by Congress to establish appraisal standards will reduce the minimum criteria for a person to become a licensed residential appraiser. The decision stemmed from concerns about appraiser shortages and disagreements among industry participants on how to address the issue. Read More

White House Takes Another Shot at FHA Tech Fee, Projects Hefty Profits on Future Lending

The Trump administration proposed a new fee on FHA lenders to upgrade the agency’s ancient technology – a plan that’s been raised by several administrations only to be batted away by Congress. Read More

GSEs Take Earnings Hit Due to 2017 Tax Cut Law, G-fee Revenue Grows

Fannie Mae and Freddie Mac both suffered from what’s likely to be a one-time event that resulted in a hit on their earnings for the fourth quarter thanks to the late 2017 Tax Cuts and Jobs Act that impacted their deferred tax assets. Read More

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