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Inside Mortgage Finance

October 14, 2021

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Primary MI Covers Higher Share of 3Q21 Agency Loans

The shift from refinance to purchase-mortgage lending helped boost the share of new agency business with primary mortgage insurance during the third quarter. Read More

MBA Awaits Weekend Open of Annual Convention

The Mortgage Bankers Association will welcome in-person attendees to its annual convention for the first time in two years next week. Registrations have surpassed MBA’s target of 3,200 attendees. Read More

The M&A Question: Which Side Are You On?

Profits (and profitability) drive the decision to sell a mortgage company. Several lender/servicers are at an inflection point or soon will be. In sum, the rest of 2021 should be interesting. Read More

Head Start on Higher Loan Limits Could Cause Complications for LOs

Many lenders have increased their GSE loan limits nearly three months before new official limits come into play. Originating the loans, though, between now and the end of the year isn’t going to be as simple as lenders think. Read More

When Bad News Strikes, Recruiters Can Cause Headaches

In the wake of a messy lawsuit filed by a former top official, loanDepot’s staff has been the target of recruitment efforts. Should we be surprised? Read More

AAG Settles With CFPB Over Deceptive Marketing Practices

The CFPB ordered American Advisors Group to pay $1.1 million in fines and refund $173,000 to consumers who the bureau said were victims of deceptive advertising mailers. Some industry attorneys interpreted the move as a sign the bureau is tightening supervision and enforcement. Read More

PNC Bank Hit With Class Action on Deferral Practices

By adding deferred payments to the end of the mortgage, the bank may be double-charging borrowers for the principal payments. Read More

Grapevine: Chase’s October Surprise / Non-QMs and GOS?

JPM upped its MSR portfolio by roughly $45 billion in 3Q21. Good thing because the asset is rising in value. Will other commercial banks follow suit? Read More

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