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Inside Mortgage Finance

June 28, 2018

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Does the Future of Mortgage Banking Have a Funny Arrow and Feature Drone Delivery?

Internet retail giant Amazon.com is exploring the idea of buying a mortgage banking franchise and making a splash in this highly cyclical business. But two huge questions loom: Will it actually happen? And if so, will Amazon disrupt the residential lending landscape the way it has brick-and-mortar retailers at the shopping mall? Read More

Smaller Lenders, Nonbanks Kept Chipping Away At Lending Heavyweights as Market Fell in 1Q18

Not many mortgage lenders found a way to boost production volume in the first quarter of 2018, but mid-size and smaller shops generally fared better than the industry giants, according to an Inside Mortgage Finance ranking and analysis. [Includes two data charts.] Read More

M&A Roundup: LenderLive Hires Houlihan Lokey to Weigh Options, Stearns Lending Looks at Opportunities

LenderLive, a third-party service provider and correspondent lender, is weighing its options and has hired investment banker Houlihan Lokey, according to industry advisors familiar with the firm. Read More

HUD Secretary Carson Tells Lawmakers Final Condo Rules Should be Out in September; Issues Too Complex, He Says

The Department of Housing and Urban Development will issue, in September, final rules to ease FHA requirements for financing condominium purchases and refinancings. Read More

Court Ruling Turned Back RESPA Calendar to Agency’s Controversial Guidance on Marketing Services Agreements

Federal courts have thrown out the Consumer Financial Protection Bureau’s aggressive interpretation of anti-kickback provisions in the Real Estate Settlement Procedures Act. But plenty of questions remain about how new management of the agency will handle the issue or the fate of existing guidance on marketing service agreements, industry experts said this week. Read More

White House GSE Plan Raises Competition Concerns; Rating Service Expects No Action for Two Years

The White House’s broadly phrased proposal to make Fannie Mae and Freddie Mac private corporations again and make explicit the government’s guarantee of their mortgage-backed securities caught industry observers by surprise. Read More

Fannie Mae, Freddie Mac Launch New Programs to Help Rural Borrowers Maintain, Access Homeownership

The government-sponsored enterprises recently intensified efforts to help borrowers in rural areas qualify for a mortgage as part of their “duty-to-serve” markets where credit is scarce. Freddie Mac launched an employment program in high-needs regions and Fannie Mae has a new program targeting owners of manufactured homes. Read More

HUD Wary of Riskier FHA Loans

Housing and Urban Development Secretary Ben Carson this week reiterated concerns about riskier FHA loans that could endanger the health of the program’s Mutual Mortgage Insurance Fund. Read More

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