Cart

Inside Mortgage Finance

January 4, 2008

View Archived Issues

Federal Reserve’s Proposed HOEPA Revision Met With Mixed Response

The Federal Reserve in late December proposed tougher rules for subprime mortgage lending that would apply to all lenders and likely spill over to some Alt A production through a reinterpretation of its authority under the Home Ownership and Equity Protection Act... Read More

GSE Business Volume Holds Firm in Fourth Quarter of 2007 as Credit Crunch Slams Non-Conforming Market

Fannie Mae and Freddie Mac continued to issue a strong volume of new mortgage securities during the fourth quarter of 2007, even as the subprime, jumbo and Alt A markets crumbled. The two government-sponsored... [Includes three charts] Read More

New Questions Emerge as Servicers Gain More Experience in Loan Modification

The slight increase in loan modification activities, coupled with the launch of Wall Street’s streamlined plan for fast-track preventive loan modification, has raised more questions from industry participants and consumer advocates, particularly with the... Read More

Realtors Have Changed Lender Recommendation Practices in Recent Months, New Study Finds

The dramatic turmoil in the mortgage market in recent months has prompted a significant number of real estate agents to rethink which lenders they recommend to home buyers. And increasingly, agents appear to favor lenders owned by their own brokerage firm over... Read More

Bank of America Ranks First in Home-Equity Lending, Retained Investment

Bank of America, the top originator of home-equity loans, reported substantial increases in its retained portfolio of both revolving lines of credit and closed-end second mortgages during the third quarter of 2007. BofA reported some... [Includes one chart] Read More

Portfolio Lending Began to Slowly Gather Steam In Third Quarter 2007 MBS Market Upheaval

Although most major mortgage lenders have the capacity to hold loans in portfolio for the long run, the meltdown in secondary markets for nonconforming loans during the third quarter of 2007 did not yield a major boom in portfolio-funded lending... [Includes one chart] Read More

YSP Provision in Fed’s Proposed HOEPA Rule Could Lessen the Impact of HUD’s Proposed RESPA Reform

The Federal Reserve Board’s issuance of proposed regulations prohibiting certain unfair and deceptive lending practices, including restrictions on broker fee compensation, could take some of the edge off proposed Real Estate Settlement Procedures Act... Read More

New Mortgage Tax Forgiveness Law Could Unintentionally Exclude Subprime Borrowers

Legislation passed in December aimed at helping troubled subprime borrowers might not be much help at all, according to Kenneth Wear and Roger Wise, an associate and partner, respectively, at K&L Gates.“Borrowers who hope to be relieved of the tax burden resulting... 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