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Inside Mortgage Finance

May 3, 2018

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Nonbanks Gain More Servicing Market Share In Early 2018; Top Tier Loses Some Ground

Nonbanks played an increasingly important role in the mortgage servicing business during the first quarter of 2018, according to an analysis and ranking by Inside Mortgage Finance. [Includes two data charts.] Read More

Origination Profit Margins Stay Ugly as Spring Arrives, But Some Hope Market Will Improve

Nonbank mortgage lenders have been reporting weak profit margins since January, a situation that has some in the industry alarmed while others believe that as originations increase in the months ahead the tough times will dissipate. Read More

Prospects Suddenly Brighten for Senate Regulatory Relief Bill as House Republicans Signal Compromise

The House of Representatives appears ready to pass the Senate’s regulatory relief bill sometime this month while still planning to push for more revisions to the Dodd-Frank Act. Read More

Several Factors Come to Play in Assessing Future FHFA Leadership Prospects

If past is prologue, Federal Housing Finance Agency Director Mel Watt might be on the job a lot longer than Jan. 6, 2019, which is when his five-year term expires. That is, if he wants to stay. Read More

Mulvaney Wants to Hide Consumer Complaint Database, But Changes Won’t be Very Soon

Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, is thinking about ending public disclosure of the agency’s controversial consumer-complaint database. The idea is consistent with his goal of limiting the bureau to activities that are specifically required by law. Read More

Expected Reductions in Private MI Premiums Bode Well for Affordability but Not for FHA Market Share, Says UI Report

Recent moves by two private mortgage insurers to reduce mortgage insurance premiums for borrower-paid MI policies would have a positive impact on affordability and potentially increase MI market share at the expense of FHA, according to a report from the Urban Institute. Read More

Non-Agency Mortgage Aggregator Buys Stake In an Originator of Single-Family Rental Loans

Redwood Trust announced this week that it purchased a stake in 5 Arches, an originator and asset manager of business-purpose residential mortgages. Redwood will continue aggregating jumbo and other non-agency mortgages, but officials at the real estate investment trust also see promise in loans for single-family rental properties and fix-and-flip financing. Read More

Differentiated Pricing, High PMI Premiums, Overlays Bar Many Borrowers from Accessing FHA Market, Says Study

Excessive risk-based pricing, high private mortgage insurance premiums and lender credit overlays are locking out low-income borrowers and families of color from the conventional mortgage market, pushing them towards FHA as their only option, concludes a new study from the Center for Responsible Lending. Read More

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