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Inside Mortgage Finance

July 11, 2019

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Agency Single-Family Mortgage Business Surges in 2Q19

Issuance of agency MBS during April-June rose 43% from the first quarter of the year, with gains posted across the board. Combined issuance by Fan-nie Mae, Freddie Mac and Ginnie Mae hit $330.65 billion. Read More

Trade Groups Critical of New FHA Certification Proposal

Lenders are seeking significant revisions to FHA loan-level certifications and defect taxonomy in order to increase participation. Banks fled the FHA market following the financial crisis due to the False Claims Act cases brought against them by the Justice Department. Read More

Stearns Calls it a ‘Reorg,’ But Will Ch. 11 Lead to a Merger?

The company filed for bankruptcy protection this week, a maneuver that could lead to a merger with Finance of America. What the two nonbanks have in common: both are owned by The Blackstone Group. But it’s hardly a done deal. Read More

Lending Practices Linked to Judicial Foreclosure Norms

Lenders approve fewer loan applications and apply more conservative underwriting standards in states that impose a judicial foreclosure process, according to new research. Read More

Are State Mortgage Servicing Rules Going Too Far?

Industry groups are unsettled by state mortgage servicing requirements that go beyond the Consumer Financial Protection Bureau’s rules. More than 30 states now require nonbank servicers to obtain licenses. Read More

Democratic Candidates Stake Out Housing Turf

Kamala Harris, Elizabeth Warren, Julian Castro and Cory Booker — Democrats jockeying to be the 2020 presidential candidate — lay out comprehensive plans to reform the nation’s affordable-housing system. Read More

Mortgage Grapevine: Live Well / FHFA Changes Course on Constitutionality

Reverse mortgage lender Live Well Financial is headed into liquidation, causing financial damage along the way to warehouse providers Flagstar Bank and Customers Bank. What killed the company? Answer: IO securities that were decimated by falling interest rates. Read More

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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