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Inside Mortgage Finance

September 6, 2018

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First-Time Buyers Continued Gaining Share in Red-Hot Purchase-Mortgage Market of 2Q18

First-time homebuyers accounted for over half of the purchase-money mortgages securitized by Fannie Mae, Freddie Mac and Ginnie Mae during the second quarter of 2018, according to a new analysis of mortgage-backed securities data by Inside Mortgage Finance. [Includes four data charts.] Read More

10 Years After GSE Takeover, Mortgage Execs Weigh In: Leave Fannie and Freddie Alone

Mortgage lenders that rely on Fannie Mae and Freddie Mac for liquidity have a simple message for policymakers in Washington regarding what to do about the government-sponsored enterprises: Leave them alone. The two are working just fine. Read More

Trump Administration Examines Disparate-Impact, Inviting a Rehash of Much-Debated Interpretation

Two federal government agencies have reopened the debate over the use of a disparate-impact analysis to show discrimination against protected classes. It’s unclear how much the agencies can do in reworking their regulations, or how aggressive they will be in taking up cases based on the theory. Read More

Options Explored for Retaining or Replacing the GSE Patch In Qualified Mortgages. UI Suggests Losing the DTI Cap

The Urban Institute advocates dropping the debt-to-income cap for qualified mortgages to level the playing field between the government-sponsored enterprises and the private market. Read More

In New Letter, 29 Trade Groups and Others Ask White House and Congress for ‘Guard Rails’ on GSE Reform

Almost 30 housing and mortgage-related organizations midweek issued an open letter to the White House and Congress, asking that policymakers make permanent several changes to operations of Fannie Mae and Freddie Mac, fearing that the “stability” of the U.S. housing market is “illusory.” Read More

Support Grows for FCC to Adjust Regulations of Servicer-Placed Phone Calls to Borrowers

Industry participants and the Treasury Department want the Federal Communications Commission to change its rules to help servicers communicate with borrowers without the threat of costly fines. Read More

Senate Bill Would Help Lenders Originate Non-agency Qualified Mortgages for Self-Employed Borrowers

Self-employed borrowers that can’t qualify for non-agency qualified mortgages could see relief from a bill introduced in the Senate last week. Read More

Civil Rights, Housing Advocates Warn OCC Not to Ease CRA Performance Requirements for Banks

Any changes to the Community Reinvestment Act should strengthen – not weaken – banks’ obligations to meet the needs of minority and low-income communities and expand access to mortgage credit in historically redlined areas, said civil rights and consumer advocacy groups. Read More

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