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Inside Mortgage Finance

June 17, 2021

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Nonbank Footprint Grows in Servicing with Agency Gains

Freddie Mac and Fannie Mae accounted for most of the growth in the servicing market during the first quarter of 2021, as nonbanks continued to expand their footprint. (Includes two data charts.) Read More

Subservicers Keep Gaining but Worry About Forbearance

Subservicing contracts continue to proliferate. The bad news? These vendors worry about an onslaught of COVID-related work and oversight. (Includes data chart.) Read More

GSEs Scramble to Meet PSPA Limits on Mortgage Acquisitions

Fannie imposes a draconian 3% cap on NOO loans for some lenders to ensure it meets the 7% cap required under the PSPA. Freddie, already under the cap, puts its threshold at 6%. Read More

HUD Meets with Mega Servicers to Discuss COVID Loss-Mit Options

Time to throw away the loss-mitigation toolbox in dealing with COVID-related delinquencies? Maybe not. Read More

Lenders Forecast Dim Profit Margins, Staffing Issues

Though demand for purchase mortgages is increasing, it is nowhere near levels sufficient to make up for the decline in refi activity, say lenders. Read More

Mortgage Industry Facing a Rise in Cyberattacks

The mortgage industry is low-hanging fruit for extortionists given the amount of personally identifiable information lender/servicers house about customers, according to cybersecurity experts. Read More

HUD Says Complaints About Appraisal Bias Up Tenfold

There has been a tenfold spike in the number of complaints about appraisal-related discrimination filed with HUD’s Office of Fair Housing and Equal Opportunity since 2019. Read More

Grapevine: A Rare Type of M&A / SoFi’s Mortgage Aspirations

Nonbank Cornerstone Home moves to buy an FDIC-insured institution. Also, should anyone be worried about SoFi’s progress in mortgages? Read More

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