Cart

Inside Mortgage Finance

July 13, 2007

View Archived Issues

Fannie and Freddie See Significant Gain in MBS Business as Market Shifts to Fixed-Rate Loans

Fannie Mae and Freddie Mac are regaining a solid chunk of the market share they have ceded in recent years to the booming nonconforming mortgage sector as a sobering focus on tighter underwriting and a rebound in fixed-rate originations... [Includes three charts] Read More

Subprime Originators to Face Increased Scrutiny From Rating Services as Delinquencies Pile Up

Standard & Poor’s this week said it will institute reviews of subprime originators, noting that fraud appears to have played a significant role in still-rising levels of defaults on 2006 vintage loans. The originator review process follows S&P’s placement of... Read More

Wells Fargo Shuts Down Subprime Correspondent Division as Subprime Lenders Continue to Suffer

Wells Fargo closed its subprime correspondent division last week, just one of several recent reminders that the subprime mortgage business is still has some miles to go on the road to recovery. In 2006, correspondent production accounted for 9.0 percent of... Read More

Originations Expected to Drop an Average 13 Percent Over Next Year, as Market Woes Continue to Deepen

Mortgage industry forecasters expect new loan originations to continue trending lower into 2008, with new production levels sinking 10 percent in the second half of this year. The consensus forecast by economists at... [Includes one chart] Read More

Second Quarter Shaping Up as Strong Market for Private MIs; Bear Stearns Raises Earnings Estimates

The second quarter of 2007 appears to have produced record volume of new private mortgage insurance through traditional flow arrangements, while bulk activity also remained at high levels, according to the latest Bear Stearns analysis of industry data... Read More

Industry Groups Lobby California to Follow Federal Nontraditional Loan Guidance; Colorado Clarifies

he California Department of Corporations should stick to the standard on nontraditional mortgage issued by federal regulators rather than follow through with proposed embellishments that would put state lenders at a disadvantage, industry groups say. So far... Read More

Culpepper Case May Finally Be Laid to Rest

One of the mortgage industry’s most infamous court cases, Culpepper v. Irwin Mortgage Corp., appears to have finally been concluded with the outcome sought by lenders. The 11th Circuit Court of Appeals this week issued its fourth decision in a case that has bedeviled... 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