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Inside Mortgage Finance

December 20, 2018

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Whole-Loan Mortgage Servicing Grew Slightly Faster than Agency Market in Third Quarter

The universe of home mortgage debt outstanding continued to expand gently during the third quarter of 2018, with slightly faster growth in the non-agency sector, according to a new Inside Mortgage Finance analysis and ranking. [Includes two data charts.] Read More

‘Alternative’ Hedge Fund Varde Ponders Selling Nonprime Unit Deephaven; Other M&A Deals Begin to Percolate

Varde Partners, which four years ago purchased fledgling nonprime lender Deephaven Mortgage, Charlotte, NC, is now contemplating selling the company, industry officials who claim to have knowledge of the matter told Inside Mortgage Finance this week. Read More

Mortgage Lenders Pessimistic Heading into 2019, Faced with Overcapacity and Weak Demand

Lenders are pessimistic about the outlook on profit margins and demand for purchase mortgages and refinances, according to a survey of 212 lenders by Fannie Mae. Read More

Fair Lending Scrutiny Likely to Intensify with Expanded HMDA Data Reporting

With financial institutions set to report mortgage disclosure data collected in 2018 to the Consumer Financial Protection Bureau, attorneys are concerned that it may lead to an increase in fair lending investigations and enforcement actions by government agencies. Read More

FHA Commissioner Montgomery Takes on Added Role as HUD Number Two After Patenaude Departs

First, the good news: Department of Housing and Urban Development Secretary Ben Carson appears to be staying put despite recent rumors he might be up for another job in the Trump administration. Read More

FHA, VA Loan Limits in 2019

The FHA and the Department of Veterans Affairs last week announced new loan limits for 2019. Read More

FHFA Issues Proposed Rulemaking on GSE Use of Credit Scores But Change Remains Uncertain

After several years of deliberations on how Fannie Mae and Freddie Mac use credit scores, the Federal Housing Finance Agency last week proposed a new rule on how the government-sponsored enterprises would consider new scoring methods. Read More

Nonbanks Build Production Market Share in 3Q18 as Top Tier of Lenders Gains Strength

Nonbank mortgage lenders continued to gain market strength in first-lien originations during the third quarter of 2018, according to an Inside Mortgage Finance ranking and analysis. [Includes two data charts.] Read More

VA Issues Interim Final Rule for Cash-Out Refinance Loans, Segregates Them into Two Distinct Categories

The Department of Veterans Affairs this week sought comment on an interim final rule amending its regulations on cash-out refinancing as part of its effort to prevent abusive lending practices that target VA loans and veteran borrowers. Read More

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