Cart

Inside Mortgage Finance

November 23, 2010

View Archived Issues

Refi Surge Lifts Conventional Market Share, Nonconforming Still Nonfactor

The third-quarter surge in mortgage refinance activity had its biggest impact on the conventional conforming segment, where new origination volume spiked up 29.3 percent from the second quarter, according to a new Inside Mortgage Finance market analysis and ranking. A total of... [Includes two data charts] Read More

Mortgage Default Rates Generally Improve But Early-Stage Delinquencies Turn Higher

Mortgage delinquency rate trends were a mixed bag in the third quarter with improvement in some categories tempered by an increase in foreclosure activity. At the end of the third quarter, 11.38 percent of loans tracked by the Inside Mortgage Finance Large Servicer Delinquency Index were in some stage of... [Includes one data chart] Read More

HUD Solicits Views on Warehouse Lending for Much-Needed Changes to 18-Year-Old Guidance

The Department of Housing and Urban Development is soliciting public opinion to determine whether certain secondary market transactions can still qualify for exemption from the Real Estate Settlement Procedures Act’s disclosure requirements. Compliance attorneys say HUD’s plan to revisit current RESPA regulations relating to... Read More

Agency Share of Home Purchases Much Smaller Than Share of Total Originations, Survey Finds

Even though the credit crisis of the past three years has left government entities – Fannie Mae, Freddie Mac, FHA and VA – virtually running the market for new mortgages, this same government dominance is missing from the home-purchase market. According to the latest Campbell/Inside Mortgage Finance Monthly Survey of... Read More

Lawmakers to Regulators: Why Didn’t You See Foreclosure Train Wreck Ahead of Time?

Lawmakers on the House Financial Services Committee would not let federal regulators off the hook when it came to their oversight of issues currently plaguing the mortgage industry, from robo-signing, to modification failures all the way to the core of the financial crisis itself. “It gets a little frustrating that... Read More

MBA Calls for Flexibility in QRM Exemption, Private MIs Seek Equal Treatment With FHA

The mortgage banking industry called on federal regulators to be flexible when establishing the “qualified residential mortgage” exemption from risk-retention requirements and allow certain alternative mortgages as long as they follow sound underwriting. In contrast, private mortgage insurers are calling for... Read More

Mortgage Interest Deduction May Face Major Political Challenge as Washington Looks for Fiscal Solutions

The president’s National Commission on Fiscal Responsibility and Reform has issued a deficit reduction plan which included curbing the mortgage interest deduction. The commission’s preliminary proposal to reduce the deficit by nearly $4 trillion through 2020 includes lowering the $1 million mortgage cap to qualify for... Read More

The Full Legal Repercussions of Robo-Signing May Not Have Been Realized, Industry Expert Says

Industry experts aren’t sure yet whether the turmoil over “robo-signing” and other foreclosure processes will turn out to be a short-lived blip in the mortgage market’s slow recovery or an event that leads to significant changes for the mortgage servicing industry. “If all that the enforcement community was concerned about were... 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