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Inside Mortgage Finance

September 17, 2020

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Home-Purchase Lending in 2020 Still Trailing Last Year

Several top lenders reported declines in purchase-mortgage lending and increased refi activity in the second quarter. Agency MBS data suggest a modest recovery in July and August. (Includes four data charts.) Read More

Slow Growth for Subservicers but Growth Nonetheless

Growth was slow for many subservicers in 2Q20 but smaller lenders continue to outsource the servicing function with the hope, perhaps, of cashing in on the MSR asset later. (Includes data chart.) Read More

Warehouse Bankers Pine for a Lower Risk Weighting

Even though market conditions are absolutely terrific, warehouse lenders are asking for regulatory relief on their credits. The Federal Reserve is listening, but will it swallow? Read More

Industry Seeks Permanent Remote-Work Flexibility for MLOs

But regulators are concerned about their ability to identify violations and a reduction in an important source of state revenue — branch licensing fees. Read More

Banks Helping to Prop Up Expanded-Credit Lending

Originations of expanded-credit mortgages are up in 2020 despite a pullback by nonbanks that dominated the top-10 lender ranking in 2019. The increase this year was led by banks. Read More

CoreLogic Spurns Hostile Takeover Bid, Yet Again

The mortgage data provider said the sweetened offer of $66 a share is still significantly low. The vendor also refused a request for due diligence from the investor group. Read More

Calabria Touts FHFA, FHLB Responses to COVID

Director Mark Calabria, in an industry address, said FHFA policies allowed FHLBanks to serve their countercyclical role during the pandemic. Read More

CDC’s Eviction Moratorium Already Faces First Lawsuit

Less than a week after it went into effect, the Centers for Disease Control and Prevention’s controversial eviction moratorium is facing a legal challenge from a landlord of a small mortgaged property. Read More

Grapevine: The Never-Ending Boom / Believing in Rocket

2020 may turn out be a record year for originations after all. As for 3Q20 results, many lenders are pre-reporting blue skies.

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