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Inside Mortgage Finance

December 6, 2018

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Purchase-Loan Market Began Softening in 3Q18 But Outlook Still Relatively Firm

Cracks began to appear in the housing market during the third quarter of 2018, leading to a modest decline in purchase-mortgage originations, but industry experts continue to predict a rebound next year. [Includes four data charts.] Read More

Purchase Mortgage Volume Expected to Increase In 2019 Despite Higher Mortgage Interest Rates

The volume of purchase mortgage originations will increase in 2019 even though interest rates will be higher, according to industry economists. Purchase mortgage originations will be boosted to some extent by a rise in employment and wages along with demographic shifts. Read More

Subservicing Sector Continues to Grow at a Steady Clip as States Act as ‘Mini-CFPBs’

Subservicing vendors ended the third quarter of 2018 with $2.33 trillion of contracts on their books, up 4.5 percent from June and 12.0 percent higher than a year ago, according to a new Inside Mortgage Finance ranking. [Includes one data chart.] Read More

‘Small’ Mortgage M&A Deals are Getting Done, but Larger Ones Remain Elusive

Small- to medium-sized residential lenders are finding a home in today’s merger-and-acquisition market, but larger transactions are facing long odds with private equity investors sitting on the side-lines. At least that’s the view this week from a handful of advisors interviewed by Inside Mortgage Finance. Read More

Senate Expected to Confirm Kraninger for CFPB Post as Market Tries to Anticipate Her Priorities

Even as the Senate is expected to confirm her as director of the Consumer Financial Protection Bureau either this week or early next week, Kathy Kraninger remains largely a mystery to many CFPB observers. Read More

As VA Plans Another Clampdown on Refi Loans, Analysts Want Ginnie to Put High-LTV Cash-Outs in Separate Pools

Uncertain as to what the Department of Veterans Affairs will propose to curb churning of VA cash-out refinance loans, analysts are recommending that Ginnie Mae temporarily segregate some of the loans in mortgage-backed security pools until the department implements new rules. Read More

Lenders Face Uncertainty After Supreme Court Refuses Case Involving Interest Payments on Escrow Accounts

The U.S. Supreme Court’s refusal to hear a case relating to interest payments on mortgage escrow accounts and preemption of state laws has created uncertainty for lenders and servicers, according to lawyers for Bank of America, which sought a review of the case by the top court. Read More

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