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Inside Mortgage Finance

March 28, 2008

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Industry Economists Think Economy Will Escape Recession, Mortgage Volume Hovers Near $2 Trillion

Mortgage industry forecasts say the U.S. economy will teeter perilously close to recession during the first half of 2008, but a modest recovery in housing markets probably won’t be strong enough to offset continuing declines in mortgage... [Includes one chart] Read More

FHLBanks Defy Gravity, Post Continued Earnings Through 2007 Turbulence

The Federal Home Loan Bank system did what very few other institutions were able to achieve in 2007 – report positive earnings throughout the year. Preliminary data from the Federal Housing Finance Board’s Office of Finance show the 12... [Includes one chart] Read More

Comment Sought on Proposed Online Site for Filing RESPA Complaints; OMB Reviews Plan

Nearly a year and a half since the initial announcement, the Department of Housing and Urban Development is finally seeking executive clearance for a proposed Web site through which complaints regarding alleged violations of the Real Estate Settlement... Read More

Citi, Countrywide Rank as Top Producers Of Subprime and Alt A Mortgages in 2007

With new production nearly grinding to a standstill at the end of the year, Citigroup and Countrywide Financial finished 2007 as the top producers of non-prime home mortgages. Citi generated an estimated $19.7 billion of... [Includes two charts] Read More

Presidential Candidates Focus on Housing, Industry’s Lobbying Dollars Split Nearly Evenly

The top presidential candidates turned their focus to housing this week, with Sen. Hillary Clinton, D-NY, endorsing the FHA-led bailout proposals floated by Democrats in Congress. Sen. John McCain, R-AZ, meanwhile, called for an increase in the required downpayment... Read More

Securitization Became Increasingly Popular Choice for Funding Home Loans in 2007

Despite severe liquidity problems in the second half of the year, mortgage lenders relied even more on securitization to fund new production in 2007. A new analysis by Inside Mortgage Finance reveals that 74.2 percent of new originations... [Includes one chart] Read More

OFHEO Makes Final Its Guidance on Conforming Loan Limit Calculations, With no Decrease from Current $417,000 Level

The Office of Federal Housing Enterprise Oversight made final this week its regulatory guidance on the conforming loan limit, guaranteeing there will be no decrease from the current level of $417,000 in 2009 and subsequent years. “However, the conforming... Read More

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