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Inside Mortgage Finance

July 19, 2018

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Strong Home-Purchase Market Buoys Primary Insurance Activity in 2Q18, but Borrower Leverage Creeps Higher

The seasonal surge in housing sales produced a strong increase in primary mortgage insurance activity during the second quarter, especially for private MIs, according to an Inside Mortgage Finance ranking and analysis. [Includes three data charts.] Read More

Lenders Look to CFPB for Flexibility on Setting LO Comp while Trying to Reduce Production Expenses

The Consumer Financial Protection Bureau should adjust loan originator compensation rules to provide lenders with some flexibility, according to mortgage industry participants. Read More

Backed by Blackstone, Stearns Lending Quietly Pursuing More Acquisitions. As for the Targets…

As the outlook for originations – especially refis – continues to worsen, more nonbank mortgage firms may consider selling out to larger competitors later this year, according to interviews conducted by Inside Mortgage Finance. Read More

Top Lenders Report Solid Increase in Production in 2Q18, But Profit Margins Remain Under Pressure

Most of the nation’s largest home lenders started reporting second quarter results this week, indicating a modest improvement in residential originations and profits – but nothing to write home about. Read More

Industry Groups Press Capitol Hill to Extend Federal Flood Insurance Program as Another Sunset Nears

Twenty-two trade associations strongly urged House and Senate leadership to extend the National Flood Insurance Program before it expires at the end of the month, warning what inaction might do to home sales. Read More

Panelists Examine Cross Subsidization, GSE Pricing in Potential New Secondary Market

Part of the debate over the future of the government-sponsored enterprises is whether the existing cross subsidization in Fannie Mae and Freddie Mac pricing of guarantee fees for mortgage-backed securities should continue. Read More

GSEs, Government Agencies Lack Uniform Policy on Eligibility of DACA Recipients for Mortgage Financing

There appears to be no clear, unified lending policy among the government-sponsored enterprises, FHA, VA and the U.S. Department of Agriculture when it comes to the eligibility of certain non-permanent U.S. residents for a conventional conforming or government-backed mortgage loan. Read More

Kraninger Nomination to CFPB Post Mired in Partisan Dispute Over Document Request, Timing of Hearing

Republican and Democrat leaders of the Senate Banking, Housing and Urban Affairs Committee battled over minority requests for extensive documents about Kathy Kraninger, the Trump administration’s nominee to become the next director of the Consumer Financial Protection Bureau. Read More

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