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Inside Mortgage Finance

April 29, 2021

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Originations Hit New Record in 1Q21, But Gains Uneven

First-lien mortgage originations climbed 3.2% from the fourth quarter, hitting an estimated $1.305 trillion in the first three months of 2021. Agency lending continued to dominate the market. (Includes two data charts.) Read More

New GSE Caps Impacting Non-Owner-Occupied Loans

In January, the FHFA and Treasury limited the GSEs’ purchases of mortgages for investment properties and second homes to 7% of single-family acquisitions. Implementation of the cap is hitting lenders. Read More

All Hail the Return of MSR ‘Markups,’ At Least for Now

It’s a given: When rates rise, servicing values increase. Problem is, there hasn’t been much rate-rising going on. That is, until recently. Read More

CFPB Lets the Patch Stay; the Ball is Now in FHFA’s Court

A delay in the QM rule compliance date has created a Catch-22 in which the CFPB says the GSE patch is still available, but the amended preferred stock purchase agreements won’t allow the GSEs to use it. Read More

Nation’s Largest Wholesaler Accused of Restraint of Trade

Certain loan brokers aren’t happy with wholesale giant UWM over its “us or them” edict. A lawsuit has been filed. More could be on the way. Read More

Another Large Profit for Freddie, Net Worth Nears $19B

Freddie Mac turned in slightly lower earnings on a sequential basis as higher credit expenses dinged its bottom line. Next up: Fannie Mae. Read More

House Bill Could Lower FHA Upfront MIP by 25 bps

The House recently voted 355-69 to approve legislation that could reduce FHA upfront premiums for first-time homebuyers. Read More

CFPB Appeals Ocwen’s Win in Servicing Misconduct Case

The federal district court concluded that nine out of 10 legal claims against the lender/servicer were barred by a consent decree entered into by Ocwen in 2014. The court dismissed the 10th claim. Read More

Grapevine: It’s M&A Season; Helping Those Who Missed the Refi Boat

Okay, industry consolidation is arriving. But what about prices? Also, more refis could be on the way, courtesy of the GSEs. Read More

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