February 3, 2023

Retail Channel Suffers Biggest Blow as Agency Sales Plummet

Agency securitizations of retail mortgages shrank by 36.7% in the fourth quarter as the share of refinances fell to 18.2%. Loan quality deteriorated slightly while average loan sizes continued to shrink. (Includes two data charts.) Read More

Mortgage Banking Income Sinks to Epic Low in 4Q22

The industry goliaths reported huge declines in earnings from their mortgage banking operations in the fourth quarter, driving the sector to its weakest profits in more than a decade. (Includes data chart.) Read More

Lenders Facing Tough Decisions on Tech Investments

Looking to cut costs, mortgage lenders are planning to reduce the amount of money spent on technology. That might not be the best choice, given that originations will bounce back, eventually. Read More

Fairway Aims for Top Spot in Reverse Mortgage Sector

Fairway Independent Mortgage, the nation’s fifth largest reverse mortgage lender as of the end of September 2022, plans to invest “unprecedented resources” to achieve its goal. Read More

Lenders Lose in Court After Inadequate Title Searches

Two recent court cases demonstrate the value in completing a comprehensive title search prior to closing a refinance mortgage. Read More

Application Denied: What HMDA Data Say About Black Borrowers

Even considering factors like credit score and income level, the denial rate for Black mortgage applicants is more than twice that of white applicants, according to an analysis of confidential HMDA data. Read More

Grapevine: Why NYCB Shrank Flagstar; New Servicing Incentives from FHA

NYCB closes Flagstar’s non-bank branches; FHA offers new incentives for servicers; home prices decline again in November; MBA writes to FHFA on the cost of doing business with the GSEs; new products aimed at newly-constructed homes; MISMO offers loan limit tool. Read More

Inside Mortgage Trends

View Archived Issues

Retail Channel Suffers Biggest Blow as Agency Sales Plummet

Mortgage Banking Income Sinks to Epic Low in 4Q22

Lenders Facing Tough Decisions on Tech Investments

Fairway Aims for Top Spot in Reverse Mortgage Sector

Lenders Lose in Court After Inadequate Title Searches

Application Denied: What HMDA Data Say About Black Borrowers

Grapevine: Why NYCB Shrank Flagstar; New Servicing Incentives from FHA

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Refi Decline Dents GSE Single-Family Business in July

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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?

Inside Mortgage Trends

February 3, 2023

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