Cart

Inside Mortgage Finance

October 27, 2006

View Archived Issues

Mortgage Lenders Adopt ‘Wait and See’ Mode Under Shadow of More Challenging Market, More Regulation

A number of market and regulatory factors are converging on mortgage lenders, but most executives appear to be waiting to see how things play out before making any moves. Decreasing originations, stagnant home prices and upcoming adjustable-rate mortgage resets have lenders on edge, worried about...[Includes one chart] Read More

40-Year Products Continue Gaining Foothold, But Interest-Only Still King of Nontraditional Loans

Mortgages that offer payments based on a 40-year (or longer) amortization period continued to gain broader acceptance in the market during the third quarter, according to a new analysis based on the Inside Mortgage Finance MBS Database, which has tracked over $1.47 trillion in new...[Includes one graph] Read More

New Study Questions Need for Stringent State ABA Laws, HUD Reiterates Call for No-Action RESPA Interpretive Letters

Although a federal regulator’s offer to provide more clarity about affiliated business arrangements and other questions regarding the Real Estate Settlement Procedures Act has generated little interest so far, state actions are drawing industry attention. A new study commissioned by... Read More

Fannie’s Board Appears to Have Backed Off Pursuing Any Management Shakeup at GSE: Is Ball in OFHEO’s Court?

Fannie Mae’s Board of Directors this week delivered to regulators a closely-watched report that was supposed to spell out what, if anything, the government-sponsored enterprise plans to do about possible misconduct by both former and present Fannie executives. But the immediate public... Read More

Fannie Mae Eyeing Subprime Loans, May Securitize Reverse Mortgages

With its business slipping and the government-sponsored enterprises facing increased competition from the private market, Fannie Mae this week acknowledged that it plans on expanding its role in the subprime market and is considering securitizing reverse mortgages. At a press conference this week in Chicago, Tom Lund... Read More

San Francisco Pulls Back from Flagging FHLBank Mortgage Purchase Program

The Federal Home Loan Bank of San Francisco announced last week that it is withdrawing from the FHLBank Mortgage Partnership Finance program because of dwindling demand. Over the coming months, the San Francisco FHLBank will work with any members that currently participate in... Read More

Ginnie Mae MBS Issuance Increased Slightly In Third Quarter, Wells Holds Major Stake

The Ginnie Mae MBS program has rapidly become a three-lender business that continues to struggle to sustain any growth in new issuance. While total Ginnie Mae MBS issuance nosed up by 0.2 percent from the second to the third quarter, the program saw an even bigger... [Includes a one page chart] Read More

MBA Urges Fed to Make Consumer Handbook on Adjustable Rate Mortgages More Useful to Readers with Limited Interest

The mortgage industry is informally urging the Federal Reserve Board to make some revisions to the Consumer Handbook on Adjustable Rate Mortgages, the so-called CHARM booklet designed to help homebuyers understand the array of ARMs, to improve the odds that consumers will read at least... 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