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Inside Mortgage Finance

September 28, 2007

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‘Alternative’ Mortgage Production Began to Decline in Second Quarter; ARMs Dropping

Mortgage lenders began steering away from controversial “nontraditional” loan products during the second quarter, a migration that may have turned to a stampede as the secondary market for nonconforming... [Includes three charts] Read More

Mortgage Industry Faces Uphill Battle on Assignee Liability, Suitability, Cramdown

The mortgage industry and Wall Street will soon be facing anti-predatory lending legislation that would impose some form of suitability standard on all originators and extend assignee liability to loan purchasers and securitizers, as well as a... Read More

Most Large Banks Continue Building Up Home-Equity Portfolios, Bank of America Tops in Production

Bank of America remained the top home-equity lender in the market during the second quarter of 2007 while posting a big increase in its inventory of closed-end second mortgages. BofA reported $96.64 billion of home-equity loans in its... [Includes one chart] Read More

FHA Reform to Pass within Next Two Months, Say Industry Experts

Plans to increase the role of the FHA in response to the growing number of subprime defaults and foreclosures are well in the works and are likely to pass given the current atmosphere in Washington. But the project remains very much a work in progress that won’t... Read More

HUD Readies Risk Pricing

The Department of Housing and Urban Development late last week announced plans to implement risk-based pricing of FHA mortgage insurance premiums. According a notice in the Sept. 20 Federal Register, borrowers with the highest range of... Read More

Tougher Mortgage Compliance Expected in Post-Meltdown Environment, Experts Say

Amid the ongoing turmoil in the mortgage market, the mortgage banking industry is facing not only a troubling trend of increased oversight through Congressional and regulatory actions but a wave of lawsuits as well, compliance experts and federal regulators... Read More

MBS Investors Looking for More Control and Predict Mixed Future for Subprime Market

Investors are a voice to be reckoned with in the subprime market, as most subprime mortgages are packaged into securities, and some suggest they have more sway than regulators. And while subprime mortgage-backed securities issuance has nearly ground to a halt... Read More

FHLBank of Chicago Order to Cease and Desist, Complicating Discussions with Dallas FHLBank

Federal regulators are preparing to order the Federal Home Loan Bank of Chicago to stop capital stock repurchases and redemptions until further notice. The draft order proposes to bar capital stock repurchases and redemptions unless they are approved by Federal... Read More

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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?

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