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Inside Mortgage Finance

November 30, 2017

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Judge Affirms Mulvaney as CFPB Acting Director, Industry to Look for Regulatory, Enforcement Relief

The new boss at the Consumer Financial Protection Bureau – Mick Mulvaney – wasted no time this week in beginning to steer a new course for the controversial agency. Read More

Conforming-Jumbo Market Grew Somewhat Faster Than Non-Agency Sector in 3Q17

Jumbo mortgage production was up 9.6 percent in the third quarter, a slightly faster growth rate than the 8.8 percent increase in first-lien originations during that period, according to a new ranking and analysis by Inside Mortgage Finance. Read More

Conforming Loan Limit to Increase by 7 Percent in 2018 to $453,100; High-Cost Limit Hits $679,650

The conforming loan limit for one-unit properties in 2018 will be $453,100, according to an an-nouncement this week by the Federal Housing Finance Agency. The limit for mortgages eligible to be delivered to the government-sponsored enterprises increased by 6.8 percent from the current limit. Read More

Senators Showing Housing-Finance Reform Bill to a Select Few as Policymakers Eye Pending Erosion of GSE Capital

As the calendar winds down on 2017, staffers for Sens. Robert Corker, R-TN, and Mark Warner, D-VA, are busy working on housing-finance reform legislation, showing their progress, thus far, to a small group of industry insiders, Inside Mortgage Finance has learned. Read More

Housing Industry Braces for Numerous Negative Impacts From Tax Reform Bill on Verge of Approval by the Senate

In addition to controversial changes in the treatment of housing-related tax breaks, the fast-moving Senate tax reform bill includes provisions that could disrupt the mortgage servicing business. The Senate was scheduled to vote on the legislation by the end of the week. Read More

Warehouse Lending Inches Up Again, but Providers Are Concerned About Lower Usage Rates, Profits

Warehouse lenders ended the third quarter of 2017 with an estimated $67.0 billion of commit-ments on their books, a 4.7 percent sequential gain and a sign that nonbanks are continuing to search for liquidity – even if they’re not ready to tap it right away. Read More

VA, CFPB Issue Warning on Aggressive Refi Solicitations, Acting Ginnie Chief Says Changes Coming by Yearend

Service members and veterans who receive unsolicited offers to refinance their VA loans with promises that may sound too good to be true should either ignore the offer or investigate further, ac-cording to the Department of Veterans Affairs and the Consumer Financial Protection Bureau. Read More

First-Time Homebuyer Volume, Mortgage Risk Rise in August. Credit Not as Tight as Commonly Believed, Says AEI Report

Mortgage lending to first-time homebuyers – and mortgage risk – increased slightly in August despite concerns about housing supply and rising housing prices, according to a new analysis by the American Enterprise Institute. Read More

FHFA Seeks Clarity on TCPA Rules Regarding Servicer Calls Following Natural Disasters

The Federal Housing Finance Agency wants clarity on what types of communication are ac-ceptable, under the Telephone Consumer Protection Act, from mortgage servicers to borrowers impact-ed by natural disasters. Read More

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