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Inside Mortgage Finance

May 20, 2021

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Jumbo Leads Broad Gain in 1Q21 Mortgage Originations

The conventional-conforming sector still dominated first-lien originations, accounting for 73% of the market in early 2021. But jumbo posted the biggest gain from the fourth quarter. (Includes two data charts.) Read More

Strong Competition Pushing Wholesale Lenders’ Margins Down

Margins on originations through the wholesale channel are plummeting, with market leader UWM trying to squeeze competitors. Third-ranked Home Point was operating at breakeven levels in April. Read More

As Interest Rates Stay Firm, Bulk MSR Offerings Proliferate

Bulk servicing sales are beginning to catch fire. Credit: rising rates and slower prepayment speeds. Moreover, dealmakers anticipate a red-hot third quarter for transactions. Read More

CFPB’s Proposal to Halt Foreclosures Draws Support from Servicers

Industry trade groups want the final rule to include clear exceptions to the moratorium provisions, clarify the scope of the streamlined modification exemption and streamline proposed early intervention requirements. Read More

Senate Overturns OCC’s True Lender Rule

The so-called rent-a-bank scheme allowed nonbanks to get around state caps on interest rates, according to Democratic lawmakers. Read More

BofA Lobbyist a Candidate for the Ginnie Job?

The Washington rumor mill is spitting out names for the FHA and Ginnie Mae jobs. Will any turn into actual nominations? Read More

GSEs Unveil Underserved Markets Plans for 2022-2024

Fannie and Freddie both plan to increase their acquisitions of purchase-money mortgage loans secured by manufactured homes. Read More

Treasury Starts to Distribute Homeowner Assistance Fund

The fund provides grants to help struggling borrowers cover mortgage payments, loan modifications and housing expenses. Read More

Former MBA Chair Pleads Guilty to Bank Fraud Charges

Mortgage industry veteran Ron McCord faces decades in prison after confessing to bank fraud and money laundering charges. Read More

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