Cart

Inside Mortgage Finance

November 22, 2017

View Archived Issues

Third-Party Originators Continue Gaining Share in Purchase-Heavy Market of 3Q17

Correspondent originators and mortgage brokers saw the biggest increase in production during the third quarter of 2017, although retail lending was still the dominant channel, according to a new ranking and analysis by Inside Mortgage Finance. Read More

Wells Fargo’s Termination of Consumer/Mortgage Chief Shows Executives Are on a Short Leash

The sudden firing late last week of Wells Fargo’s consumer and mortgage chief Franklin Codel for an unspecified personnel matter sent a clear message to the executive ranks of the company that it will not tolerate any behavior that puts the firm in a negative light. Read More

One Week After Cordray Announced He’s Leaving, Trump Still Has Not Named a Replacement For Him

It’s been almost a week since the biggest staffing news to hit the mortgage industry this year – the early departure of Richard Cordray from the Consumer Financial Protection Bureau – and the Trump administration has yet to name either a permanent replacement or even an acting director. Legal uncertainty may be the reason why. Read More

Early-Stage Delinquencies Increase in Third Quarter, Pushed Up by Hurricane Aftermath and a Number of Other Issues

The 30-day delinquency rate increased significantly as of the end of the third quarter of 2017, with hurricanes taking a toll on mortgage performance, among other factors. Read More

Mortgage M&A Activity Increases, but as Year Draws to a Close, No Major Deals are Expected

The sale of mortgage banking franchises and asset-related acquisitions are gaining traction as the year draws to a close, but dealmakers aren’t expecting any blockbuster moves before yearend. According to interviews conducted by Inside Mortgage Finance with investment banking advi-sors, many lenders remain profitable and are enjoying a 2017 that turned out to be better than expected in terms of origination volume. Read More

Flagstar Rolls Out Zero-Down Plus Closing Costs Product for Low-Mod Communities

Flagstar Bank has announced a new loan program that will benefit cash-strapped borrowers in low- and moderate-income communities who want to purchase a house. Read More

Home Equity Lending May Get a Huge Boost with Senior Homeowners

Senior homeowners are expected to have a wealth of home equity to tap into as they reach re-tirement, according to a new study by the Urban Institute. The institute analyzed the Federal Reserve’s 2016 Survey of Consumer Finances released this fall and concluded that 3.3 million low- and moderate-income seniors have more than $775 billion in un-tapped housing wealth. 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