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Inside Mortgage Finance

October 26, 2007

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Mortgage Originations Tumble 22 Percent in Third Quarter Meltdown of Non-Conforming Loan Sector

Mortgage originations plummeted 21.9 percent in the third quarter of 2007, marking one of the biggest production downturns ever in the mortgage lending business. An estimated $570 billion of new home loans were originated during... [Includes two charts and two graphs] Read More

Concerns Abound as House Panel Begins to Tackle Controversial Subprime Lending Bill

Long-anticipated legislative proposals on reforming mortgage practices and combating predatory lending are eliciting mixed reactions from the mortgage industry, consumer advocates, and lawmakers, which could present a challenge for getting a final... Read More

Mortgage Default Rates Continue to Worsen As Housing Slump Deepens in Third Quarter

Mortgage default rates spiked significantly higher in the third quarter of 2007 as housing markets continued to deteriorate, according to an Inside Mortgage Finance analysis of preliminary data.Data reported by five major mortgage lenders... [Includes one chart] Read More

Mortgage ‘Cramdown’ Showdown Stalls as House Panel Reconsiders Key Bankruptcy Legislation

The House Judiciary Committee delayed at the last minute its vote this week on mortgage “cram-down” legislation that could wreak havoc in the mortgage securities market and exacerbate the current credit crunch, according to industry opponents. “The minority requested... Read More

California Lost Some Market Share to the Rest of The Country in 2006; Florida Subprime Surged

California remained the largest mortgage market in the U.S. last year, but the Golden State cast a slightly smaller shadow than it had in 2005, according to Home Mortgage Disclosure Act data.California’s $582.1 billion of new mortgage... [Includes one chart] Read More

FHA Looks to Make New FHA Programs More Lender/Borrower Friendly with Enhancements

Despite the fact that the FHA has just launched its new FHASecure initiative and won’t implement a separate risk-based pricing program for several months, agency officials this week announced a number of fairly significant enhancements to the closely-watched FHA reform... Read More

Lenders and Mortgage Insurers Opposed To FHA’s Risk-Based Pricing Scheme

FHA’s plan to launch risk-based pricing by Jan. 1 is facing resistance from the mortgage industry, including a legal challenge being mounted by private mortgage insurers. The Department of Housing and Urban Development on Sept. 20 published notice of its... Read More

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