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Inside Mortgage Finance

October 17, 2019

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Nonbanks Taking a Bigger Share of Agency Servicing

The nonbank share of agency servicing edged up to 47.2% at the end of September thanks to a 3.0% increase in volume. Meanwhile, banks reduced their agency servicing slightly. (Includes two data charts.) Read More

A $2 Trillion Year for Home Lenders? Maybe, Just Maybe

Earlier in the year, production forecasts were downright glum. But thanks to the never-ending rate rally, 2019 could turn out to be a $2 trillion-plus year for originations. Read More

Calabria Suggests Early End to GSE Conservatorship

To reach their statutory minimum capital levels, Fannie and Freddie may only need to accrue an extra $16 billion and $14 billion respectively, based on the size of their current capital buffer plus retained second-quarter earnings. Read More

CFPB Constitutionality Case Not on SCOTUS Review List

A case challenging the consumer watchdog’s constitutionality was not listed for SCOTUS review on Tuesday. Meaning? Read More

In the Regulatory Spotlight Once Again: Abuses Tied to VA IRRRLs

Legislation was passed earlier this year to curb abuses tied to VA rapid refis but lender violations remain an issue. At least, that’s how the VA sees it. Big audits may be in the works. Read More

NY Court Asks BofA to Pay Interest on Escrow Funds

A New York district court has ruled against Bank of America in a case relating to interest payments on escrow accounts. Read More

CFPB’s Task Force to Identify Regulatory Gaps

The bureau is creating a task force to research and analyze federal consumer financial laws, including mortgage-related regulations. Read More

Citi Fined $30M by OCC for Holding onto REO Properties

The bank had more than 200 violations of a five-year limit for holding REO properties, according to a consent order. Citi was warned repeatedly of the violations before the OCC moved to fine the bank. Read More

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