Cart

Inside Mortgage Trends

July 17, 2015

View Archived Issues

Small Banks Quietly Building Share In the Residential Mortgage Industry

Big banks have attracted considerable attention as they have reduced their footprint in the mortgage market. Although nonbank lenders and servicers have taken up most of the slack, a new Inside Mortgage Trends analysis reveals that small banks have been taking a bigger role in the industry. Commercial banks and thrifts have been building their holdings of unsecuritized home loans at a time when the overall supply of mortgage debt has been ... [Includes one data chart] Read More

Earnings, Originations Up in 2Q15 for Big Banks

The nation’s megabanks reported modest to strong growth in residential production for the second quarter, a likely harbinger of what might be a stellar showing by some of the nation’s nonbanks, which have been steadily gaining market share the past few years. According to a tally from Inside Mortgage Trends based on earnings reports issued this week, Wells Fargo was not only the market leader in originations with $62.0 billion in the second quarter ... [Includes one data chart] Read More

Is the 25-Day Loan Closing a Myth?

Although some mortgage originators might brag – or even advertise – that they can close a loan in under 30 days, it’s not likely to happen, at least not in practice. According to interviews conducted by Inside Mortgage Trends over the past two weeks, a variety of factors can derail a closing – including many circumstances that an originator just cannot control. Such circumstances can include insufficient funds on the part of the borrower, scheduling mix-ups ... Read More

GSE Risk-Sharing May Transform Housing Finance

While reform of the nation’s housing system and the government-sponsored enterprises languishes on Capitol Hill, three important GSE risk-sharing innovations could revolutionize housing finance independent of Congressional action, according to experts at the Urban Institute’s Housing Finance Policy Center. “Fannie Mae and Freddie Mac have guaranteed at least half of all new mortgage originations for the past eight years. The two GSEs’ critical role ... Read More

Concerns About Use of Property Preservation Firms

Consumer advocates are calling for reforms that would address servicers’ use of property preservation companies in instances where a home appears to be vacant and scheduled for foreclosure. In recent years, more than 250 lawsuits have been filed in at least 35 states against property management firms who were acting on behalf of servicers, according to Christopher Odinet, an assistant professor of law at the Southern University Law Center. In a paper published ... Read More

Celebrities, in Theory, Can Be Good Mortgagors

When dealing with celebrity clients – TV and film stars in particular – mortgage loan officers rarely interact directly with the star talent over the loan details. Instead, they deal with a celebrity’s business manager or another intermediary, according to Barry Habib, CEO at MBS Highway and a well-known mortgage trainer and motivational speaker. Habib should know – besides being a mortgage professional, he’s also an actor and producer, whose credits include ... Read More

Latest Imf News

More Imf News

Featured Data

More Featured Data

Featured Reports

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