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Inside Mortgage Finance

June 7, 2018

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Home-Equity Lending Starts New Year on Flat Note, But Lenders Show Willingness to Lend

Home-equity lending stumbled in early 2018, although borrower demand and lender interest both seem relatively strong, according to a new Inside Mortgage Finance analysis. [Includes three data charts.] Read More

Outstanding Home Equity at Record Levels as Use of Cash-Out Refis and Home-Equity Loans is Limited

The amount of home equity outstanding hit a record in 2017, surpassing the previous peak seen in the run up to the financial crisis. Economists at the Federal Reserve Bank of New York note that equity extraction by borrowers has been limited by tight underwriting standards. Read More

Mortgage M&A Mania has Finally Arrived as Franklin American and Castle & Cooke Head for the Exit

Since the beginning of the year, at least 11 mortgage banking franchises have come to terms with new owners, representing annualized loan production of $70.3 billion – enough volume to rank as the nation’s fourth largest lender, according to figures compiled by Inside Mortgage Finance. [Includes one data chart.] Read More

CFPB to Implement Dodd-Frank Reform Act, More Mortgage Compliance Relief is Possible

Most of the mortgage provisions in the recently enacted Dodd-Frank reform act will not take effect immediately and will require action by the Consumer Financial Protection Bureau. Read More

Don’t Look Now but Ginnie Mae Servicing Prices are the Best They’ve Been All Decade

For years, values on Ginnie Mae mortgage servicing rights have lagged behind the prices paid for Fannie Mae and Freddie product, but finally it appears the government market is catching up. Read More

CFPB, Freddie Mac Separately Urge Potential Mortgage Borrowers to Shop Around When Considering a Lender

The Consumer Financial Protection Bureau and Freddie Mac released separate reports in May suggesting that potential borrowers should talk to multiple lenders when seeking a mortgage. The organizations noted that a significant share of borrowers are missing out on thousands of dollars in savings by neglecting to consider offerings from a variety of lenders. Read More

Montgomery Starts Second Turn as FHA Commissioner As Stakeholders Call for IT Upgrades, Final Condo Rule

Brian Montgomery this week was sworn in as FHA commissioner, ready to tackle a number of priorities he promised Congress he would undertake once in office. Read More

CFPB to Drop PHH Dispute Over RESPA Interpretation

Attorneys at the Consumer Financial Protection Bureau this week formally threw in the towel on the agency’s controversial interpretation of anti-kickback provisions in the Real Estate Settlement Procedures Act. Read More

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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