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Inside Mortgage Finance

October 28, 2010

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Mortgage Originations Surge in Third Quarter As Record Low Interest Rates Spur Refinancing

Most mortgage lenders reported strong loan production numbers – in some cases company records – for the third quarter of 2010, setting the stage for a strong end-of-year finish. According to a new Inside Mortgage Finance ranking and analysis, loan production jumped...[Includes two data charts] Read More

Mortgage Bankers Revel in Strong 2010 Results, Fret Over Pending Regulatory Deluge, Market Collapse

Mortgage bankers gathered in Atlanta this week for the industry’s annual convention were upbeat as long as they didn’t think too hard about the avalanche of new regulations and likelihood of a huge decline in new business that lies ahead in 2011. Many participants at the Mortgage Bankers Association annual convention expressed... Read More

Lenders Look for Solution for Repurchase Requests and Strain on Current Resources

Although there are some signs that the flood of repurchase demands and mortgage insurance rescissions has been easing up, mortgage lenders remain concerned that the strain of dealing with these requests is as big a problem as the actual losses they have to take. “Repurchases have become... Read More

Federal Agencies Dig Into Foreclosure Processing Problems, Suggest Servicing System is Flawed

Federal regulators and the mortgage industry didn’t pay close enough attention to signs that the servicing business was headed for trouble as it tried to deal with the massive loan defaults and foreclosures stemming from the collapse of the housing market, said... Read More

Notwithstanding Safety Clauses, Lenders Still Find Potentially Higher Liabilities Under Fed’s Interim Final Appraisal Rules

Despite certain safe harbors provided under the interim final rule on appraisal independence issued last week by the Federal Reserve Board, some lenders are concerned that they will still be exposed to liabilities and consumers will ultimately pay higher appraisal costs. Industry representatives and... Read More

FHFA’s Estimates of Cost of GSE Bailouts Unlikely to Sway Political Debate in Congress

The Federal Housing Finance Agency last week released some projections of the possible costs of the Treasury Department’s rescue of Fannie Mae and Freddie Mac, bringing renewed attention to the dividends the two companies must pay the government for that support. But it’s unlikely to have... Read More

HAMP Activity Continues Slowing in 3rd Quarter, Performance Trends Mixed

The Obama administration’s Home Affordable Modification Program continued to grind along through the third quarter of 2010, as the pace of new permanent modifications and trial mod offers fell from the previous quarter. Mortgage servicers offered...[Includes one data chart] Read More

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