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Inside Mortgage Finance

May 13, 2021

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PMIs Take Seasonal Hit, But Earnings up in Early 2021

A greater concentration of refinances in the primary market led to a sharp drop in the private MI share of new primary insurance business. And the FHA actually posted a bigger gain in refi endorsements than the VA. (Includes three data charts.) Read More

Surprise: Genworth Postpones Mortgage Insurance IPO

Has market sentiment spread to the MI sector? Genworth Financial scuttles (for now) IPO of mortgage insurance division. Read More

GOS Margins Slip Across the Board. And Then There’s Guild

No one really thought the GOS readings of the past year would last, right? Meanwhile, Guild Mortgage rises above the pack. Read More

Industry Questions Motive Behind Delay in New QM Standards

The pandemic makes sense, but it may not be the real reason why the CFPB has delayed the mandatory compliance date for the QM standards drafted during the final days of the Trump administration. Read More

Delinquencies Decline in 1Q21, Further Improvement Expected

Mortgage performance improved, thanks to a healing economy and federal stimulus. Still, delinquencies and forbearance rates remain high. (Includes data chart.) Read More

Nonbanks Debate Fed Chair’s Suggestion of Expanding CRA

Nondepositories may not object to the anti-redlining regulations if they come with bank-like privileges. Read More

GSEs Flesh Out New Low-Income Refi Programs

Borrowers will be able to save $100 to $250 per month. But eligibility rules to qualify for a refi may limit participation. Read More

M&T to Pay $3.3M to Settle Lawsuit over Illegal Fees

The lender/servicer charged customers an “illegal” processing fee of $15 every time they made a payment via phone. Read More

Grapevine: When Cycles Change... / More M&A, More to Come

Some investors in mortgage equities are putting their money to work elsewhere, but that hasn’t stopped fintech lender Better.com from entering into a SPAC/IPO maneuver. Launch time: the fall of 2021. Read More

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