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Inside Mortgage Finance

August 13, 2020

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Private MIs Regain Market Share but Earnings Crushed

Private MIs posted bigger gains in new insurance written than FHA and VA during the second quarter. But soaring delinquencies and related expenses nearly wiped out industry earnings. (Includes three data charts.) Read More

Agency Delinquency Rates Appeared to Peak in June

Although the share of loans four or more payments past due continued to climb in July, total delinquencies and early-stage default rates were lower. (Includes data chart.) Read More

Lenders Get Smacked with 50BP LLPA on GSE Refis

In a surprise move late Wednesday, the GSEs installed a new 50-basis-point LLPA on most refis. Needless to say, lenders feel betrayed.

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Ocwen Once Again Raises the Specter of a Sale. Doable?

In a booming origination market, a rising tide lifts all boats. Could this possibly lead to a sale of Ocwen Financial? Read More

A Week After its IPO, Rocket Comes Back Down to Earth

Rocket Companies went public a week ago amid the lowest mortgage rates in U.S. history. How’s the stock doing? Funny, you should ask. Read More

CFPB Enforcement Actions on the Rise, Warn Attorneys

The mortgage industry can expect more enforcement actions from the Consumer Financial Protection Bureau for the rest of the year, particularly related to fair lending issues, according to stakeholders. Read More

HUD Considering Changes to Downpayment Assistance Rule

HUD's delinquency report shows that 11.50% of loans in the seriously delinquent category involved DPA provided by relatives, while only 9.07% of those with DPA financed by government entities were in the seriously delinquent category. Read More

Forbearance is Good, Right? No, Not for Everyone

If foreclosures mushroom, mortgage vendor Altisource could be sitting in the catbird’s seat. Standing in its way: forbearance plans. Read More

Forbearance Readings Slimmer but Worries Persist

The forbearance picture continues to brighten but if economic activity flattens, all bets are off for the fall. Read More

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