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Inside Mortgage Finance

August 23, 2018

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Correspondent Market Cooling in 2018 As Retail Share Grew in Second Quarter

The residential mortgage market took an unusual turn in the second quarter as retail production gained ground under conditions that generally favor third-party channels. [Includes four charts.] Read More

Quicken Loses Large Broker Partner, Blames BRAWL, UWM and Its CEO

Quicken Loans this month lost one of its biggest broker-partners, C2 Financial Corp., laying the blame on BRAWL, United Wholesale Mortgage and UWM’s CEO Mat Ishbia. Read More

More M&A Activity: Celebrity Financial Racks Up Two Nonbanks and is in the Hunt for More

Celebrity Financial, launched earlier this year by industry veteran David Robnett, has closed on its purchase of Midwest Equity Mortgage – its second mortgage deal of the year – but it is far from done as a buyer. Read More

Proposed Rule on New Tax Deduction for Pass-Through Entities Could Leave Out Many Lenders

The Internal Revenue Service published a proposed rule this month to help determine who’s eligible for a new 20.0 percent tax deduction for pass-through entities. Lenders that retain their production in portfolio look to be eligible for the deduction but there’s uncertainty about businesses that originate and sell loans. Read More

More Lenders and Aggregators Starting to See Non-QMs And Other Expanded-Credit Products as a Viable Option

With refinance business drying up, more lenders and loan aggregators are entering the expanded-credit market, launching non-qualified mortgage programs and other products. Read More

Kraninger’s CFPB Could be a Positive for the Industry if Her Nomination Clears Full Senate

The Senate Committee on Banking, Housing, and Urban Affairs Thursday morning approved the nomination of Kathy Kraninger to become chief of the Consumer Financial Protection Bureau. Read More

First-Time Homebuyers Still Prominent in the Market Despite Many Challenges

Despite stiff headwinds, first-time homebuyers still play a key role in the mortgage market and that’s not expected to change anytime soon, according to industry insiders. Read More

MISMO Creates Groups to Tackle Emerging Technologies, Third-Party Risk Management

The Mortgage Industry Standards Maintenance Organization is forming a new group to identify emerging technologies such as blockchain and digital mortgage that could impact the industry. Read More

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