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Inside Mortgage Finance

May 24, 2018

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Despite Rough Road Ahead and Likely Contraction, Mortgage Bankers Remain Upbeat About the Future

Mortgage banking profits have been squeezed as refinance activity continues to fall off, and some think the industry is ripe for turmoil from rapidly shifting new technologies. But a panel of senior mortgage banking officials at this week’s secondary market conference sponsored by the Mortgage Bankers Association uniformly boosted the industry’s prospects. Read More

Correspondent Channel Gained Some Market Share in Fiercely Competitive First Quarter

All three loan-production channels saw sharp declines in volume during the first quarter, but correspondent activity held up slightly better than the other platforms. [Includes four data charts.] Read More

Observers Divided Over Prospects for Change in Fannie/Freddie Market Over Next Three Years

Many industry observers are bracing for significant change in the roles of Fannie Mae and Freddie Mac as Congress has failed again to tackle the problem. But some analysts believe the Trump administration will steer away from policy changes that would rile major business constituencies and slow down a major component of the economy. Read More

Congress Enacts Significant, Not Sweeping, Changes To Dodd-Frank That Cut Small Banks More Slack

The House this week approved the Senate’s regulatory relief legislation, sending the package of targeted changes to the Dodd-Frank Act to the White House. With help from 33 Democrats, the measure cleared the House, 258-159, on Tuesday. Read More

Real Estate Agents Show Preference for Dealing With Nonbank Lenders in 2018, New Study Reveals

Real estate agents, who influence a substantial amount of purchase-mortgage business, generally favored working with nonbank lenders over the megabanks, according to exclusive survey findings compiled by Campbell Surveys and Inside Mortgage Finance. Read More

Senate Confirms Montgomery as FHA Commissioner after Democrats Lift Blanket Hold on Nominees for HUD Posts

The Senate this week confirmed Brian Montgomery as the next FHA commissioner and assistant secretary of housing at the Department of Housing and Urban Development. Read More

Community Lenders Urge FHFA to Investigate Reports of Private MI Pricing that Benefits Only Large Mortgage Lenders

It doesn’t look likely that the Federal Housing Finance Agency is going to take up a call by community mortgage lenders to look into allegedly unfair volume discounts made by private mortgage insurers to large mortgage lenders. Read More

Tax Reform Projected to Have a Mixed Impact on Housing Market: Lower Prices, More to Spend

Tax reform legislation enacted near the end of 2017 will likely lead to lower home prices and provide homeowners with more money to spend on housing, according to a study by Hal Martin, a policy economist at the Federal Reserve Bank of Cleveland. Read More

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