Cart

Inside Mortgage Finance

March 18, 2010

View Archived Issues

Republicans Request More Time to Study Dodd’s Revised Regulatory Reform Bill

Sen. Richard Shelby, R-AL, the ranking Republican on the Senate Committee on Banking, Housing and Urban Affairs, has asked for more time to allow Republican members to study the comprehensive regulatory reform legislation unveiled this week by the committee’s chairman, Sen. Christopher Dodd, D-CT. Dodd scheduled a markup of the massive 1,336-page bill for one week after its release. Shelby... Read More

Wilting Performance Spurs Lenders to Pull Back from Home-Equity Market in 2009

New production of home-equity loans sank to a low of just $15 billion in the fourth quarter of 2009 as lenders were forced to deal with worsening performance problems and dim prospects for a marked improvement in housing trends. Total home-equity lending – including new funding of home-equity lines of credit and originations of closed-end... [Includes two charts] Read More

Pace of Permanent HAMP Modifications Picks Up In February, 1.1 Million Trials Mods Underway

February saw the largest month-over-month growth in the number of modifications converted from the Home Affordable Modification Program’s three-month trial period into permanent status, according to an Inside Mortgage Finance analysis of the latest Treasury Department data. Some 168,708 permanent modifications were in effect as of the end of February, a 45.1... [Includes one chart] Read More

States See Large FHA Lending Increase in 2009, But Broker Use Falls in Year of HUD Tightening

Increased FHA-insured mortgage lending in 2009 saw the largest players in that sector grow their production levels even more, but the use of correspondent lenders declined. Nationwide, FHA production increased 48.9 percent from 2008 to 2009 with some of the smaller states seeing the largest year-over-year increases, according to the FHA Market Profile... [Includes two charts] Read More

Mortgage Servicing Market Continued to Shrink in Late 2009, But Agency Programs Up for the Year

The mortgage servicing business continued to shrink through the end of 2009 as the supply of home loan debt declined to its lowest level in nearly three years. The Federal Reserve late last week estimated that there were $10.786 trillion of single-family mortgages as of the end of last year, a decline of 0.5 percent from the previous period. The supply of mortgage... [Includes one chart] 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