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Inside Mortgage Finance

September 27, 2018

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Reshuffle Continues in Servicing Market as Depositories Add Whole Loans and Nonbanks Grow MSR Portfolios

The commercial-banking sector isn’t running away from the mortgage-servicing business the way it did a few years ago, but aggregate figures show the industry continues to favor whole loans over mortgage servicing rights. [Includes two data charts.] Read More

MSR Sales Have Been Slow in the Third Quarter, But Pace May Quicken as Yearend Approaches

Although servicing brokers posted brisk sales figures for the first half of the year, the third quarter has been tepid, with buyers catching their breath while trying to figure out their next move. Read More

Non-QM Lenders Experiencing Exponential Growth in Production, Aiming for a 10 Percent Share of the Market

Strong growth in originations of non-qualified mortgages in recent years has helped the sector gain market share. Lenders in the non-QM market suggest that originations are set to continue to increase, with a 10 percent share of total originations seen as a reasonable goal. Read More

Investment Fund Highbridge Capital Buys Stake in Troubled Ditech Financial

Highbridge Capital Management, New York, this week disclosed a 9.79 percent stake in the troubled Ditech Financial, a once bankrupt servicing giant whose future continues to be an open question. Read More

Mortgage Industry Mostly Ready for TRID 2.0 Compliance But Some Confusion Remains

With the deadline for implementing the revised integrated mortgage disclosure rule only a few days away, compliance experts said the industry is ready despite some remaining uncertainty. Read More

A $490k Loan Limit in 2019?

If current trends hold in the official barometer used for adjusting conforming loan limits, look for the baseline limit to go up about 8 percent next year. Read More

IG Says Fannie/Freddie Fraud Reports Aren’t Being Effectively Used or Analyzed by FHFA

The Federal Housing Finance Agency could do a better job at utilizing the information it gets from Fannie Mae and Freddie Mac fraud reports, according to the agency’s Office of Inspector General. Read More

HUD Plans to Revisit Downpayment Assistance Rule as Stakeholders Warily Eye Tribal Second-Loan Program

The Department of Housing and Urban Development is planning this fall to seek comment on the use of FHA downpayment assistance from programs run by entities owned by Native American tribes. Read More

Attorneys: Proposal from Rep. Waters Underscores Potential Rise in Compliance Risk for Nonbanks

Nonbank mortgage servicers for the government-sponsored enterprises would face new regulations if Rep. Maxine Waters, D-CA, has her way. Read More

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