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Inside Mortgage Finance

August 27, 2020

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GSE Jumbo Gains in 2Q20 Overshadow Non-Agency

A number of top lenders shifted gears to focus on the high-margin GSE business in the second quarter while curtailing their non-agency jumbo production. (Includes three data charts.) Read More

FHFA Delays Controversial GSE ‘Adverse Market Fee’

After hearing the industry’s clamor, the FHFA delayed the 50-basis-point fee while also exempting low-balance loans. Read More

Manna from Heaven: Warehouse Banks Excelled in 2Q20

When it comes to warehouse lending, conditions have never been better. Credit the pandemic and the Federal Reserve. (Includes data chart.) Read More

Underwriting Trends Mixed for Self-Employed Borrowers

Self-employed borrowers are facing tighter underwriting standards on conventional mortgages but not on non-agency loans. Read More

Mortgage Vendors Face the M&A Gauntlet. The Ax: Bill Foley

Is Bill Foley, the 75-year-old non-executive chairman of title insurance giant Fidelity National, pondering retirement? Don't bet on it. He's shaking the mortgage vendor M&A tree big time. Read More

Non-Agency Forbearance: What if You’re the Subservicer?

One of the challenges with borrowers getting forbearance in this category is a lack of clarity regarding which entity holds legal authority to decide terms of loss mitigation. Read More

Multifamily Borrower/Owner Charged with $28M Fraud

Michael Fein, owner and manager of apartment complexes, has been indicted for using false rent rolls to obtain federally-guaranteed loans. Read More

Servicer Proactive in Offering Pandemic Forbearance, Study Finds

A study based on call transcripts between borrowers and a servicer found that many customers who received relief didn’t actively seek it. Read More

Co-Marketing During Pandemic Poses Increased Risk

But to remain in compliance, parties involved in co-marketing deals have made adjustments to their activity valuation and documentation. Read More

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