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Inside Mortgage Finance

July 26, 2018

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Mortgage Originations Rebound in 2Q18 But Market Still Lagging 2017 Production Level

Mortgage originations rallied in the second quarter of 2018 with most lenders reporting solid gains from a sluggish start to the year, according to an exclusive Inside Mortgage Finance ranking and market analysis. [Includes two data charts.] Read More

FHFA Halts Alternative Credit-Score Review, No Decision In 2018 as Focus Shifts to Defining Credit Score Standards

After months of gathering and reviewing comments on credit-scoring options, the Federal Housing Finance Agency abruptly called off its plan to announce new guidelines for Fannie Mae and Freddie Mac by the end of this year. The two major credit-score providers aren’t happy with the news. Read More

Buck Up, Nonbanks. The FHLB of Chicago is on Your Side in the Battle Over ‘Captives’ Joining the System

If nonbanks and real estate investment trusts eventually gain access to the Federal Home Loan Bank system – and the discount borrowing window – they can credit the FHLBank of Chicago, which continues to push the membership issue in Congress. Read More

MBA Pushing States to Quickly Implement Transitional Licenses for Loan Originators

The Mortgage Bankers Association has met with state regulators in an effort to speed implementation of transitional licenses for loan originators who move from banks to nonbanks or to a new state. Read More

Nonbank Capital Becoming Increasingly Important, But IPO Market Still Weak

With nonbanks continuing to gain share in mortgage origination, servicing and securitization, their ability to raise fresh capital to appease government guarantors is becoming increasingly important – and comes at a difficult time. Read More

House Reauthorizes NFIP, More Changes to ‘Points And Fees’ Definition; Senate Delays FHA Funding

The House of Representatives this week passed legislation extending the National Flood Insurance Program for another four months, while a House committee reported out a bill revising the definition of “points and fees” under the federal Truth in Lending Act. Read More

CFPB’s ‘Regulatory Sandbox’ Could Provide Boost for Non-QM Lending

The Consumer Financial Protection Bureau recently announced plans to create a “regulatory sandbox” to encourage consumer-friendly innovation in financial services. The mortgage industry sees it as an opportunity to enhance the emerging niche of loans that fall outside the qualified mortgage standard. Read More

Fannie Looks to Simplify Borrower-Initiated Requests to Cancel Private MI Coverage

Fannie Mae recently announced plans to simplify its private mortgage insurance cancellation policy. In a letter that went out to lenders last week, the government-sponsored enterprise updated the different methods for verifying current property values. Read More

Purchase-Mortgage Originations Constrained as Potential Homebuyers Face Issues with Inventory, Affordability

Trends with housing inventory, home prices and interest rates appear to be holding back home sales and originations of purchase mortgages, according to industry analysts. Read More

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