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Inside Mortgage Finance

August 20, 2020

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Retail Lending Soars in 2Q20 While Correspondent Totters

Heavy refinance lending pushed the retail share of second-quarter originations to a record 65.7%. Much of the decline in correspondent came from a handful of key players. (Includes six data charts.) Read More

CFPB Proposes ‘Seasoned’ Qualified Mortgage Category

The new regulatory category would allow non-QMs to obtain QM status as long as they meet certain performance requirements and other standards during the first three years after origination. Read More

Delinquency Trends Far from Uniform Among Servicers, Loan Types

Mortgage delinquencies shot up during the second quarter, though there were variations among servicers and loan types. (Includes data chart.) Read More

Freedom Ends the Suspense, Finally Acquires RoundPoint

It took 15 months for the acquisition-minded Freedom Mortgage to close on RoundPoint. What snarled the deal? Low interest rates, for starters. Read More

Industry Rails Against Steep GSE Refinance Fee

Trade groups point out the irony of raising mortgage rates at a time when the Federal Reserve is spending more than $40 billion a month on agency securities in an attempt to lower the cost of buying or refinancing a loan. Read More

Waiting and Hoping for a Break on GSE LLPAs

At the very least, mortgage executives are hoping for a delay in the implementation date on the new refi fee promulgated by Fannie Mae and Freddie Mac.

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CBO Skeptical About GSE Public Offerings

Even under modest assumptions, Fannie and Freddie likely won’t have enough available equity to make a sale of common worthwhile. Read More

California's State-Level CFPB Plan Back on the Table

Mortgage firms in California may face expanded scrutiny over unfair, deceptive and abusive practices, if the proposal passes through. Read More

Fannie Forecasts $2.1 Trillion in Refis for 2020

Despite a sharp drop in GDP in the second quarter, Fannie economists expect mortgage originations to reach $3.4 trillion in 2020, the most since the banner year of 2003. Read More

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