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Inside Mortgage Finance

November 11, 2021

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Private MIs Gain Share in Slumping 3Q21 Market

Private mortgage insurers, the VA and the FHA all saw declining refinance business in the third quarter, while purchase-mortgage business was up overall. (Includes three data charts.) Read More

Delinquency Rate Ticks Up in Third Quarter as Forbearance Ends

Early-stage delinquencies jumped in the third quarter, prompting a quarterly increase in the total past-due rate. Many borrowers that have been in forbearance for 18 months are also reaching the end of their payment holidays. (Includes data chart.) Read More

Was Zillow a Canary in the F&F Coal Mine?

The fix-and-flip market is starting to look a little long in the tooth. Right? Maybe for some corporate investors. But for originators of these short-term loans, the grass still looks green. Read More

Gain-on-Sale Margins Plummet for Nonbanks

A report by Fitch Ratings forecasts a sharp drop in originations and declining GOS margins that will put pressure on earnings for smaller nonbank lenders. Read More

Compensation Drops for Loan Officers in the Third Quarter

Loan officers’ commissions decreased 17% year-over-year during the third quarter, driven by a hefty 37% drop in refinance commissions. Read More

Cenlar’s Clients Weigh Their Options in Wake of OCC Action

After settling OCC charges on how it manages subservicing risk, Cenlar faces the possibility some of its clients might bolt for the competition. But will they? Read More

Two Lenders Named in Racial Discrimination Complaint

A consumer advocacy group with a high profile filed complaints against Movement Mortgage and Fairway Independent for lending violations under the Fair Housing Act. Read More

Fed Governor Bowman Talks Forbearance, Rising Home Prices

Transitioning borrowers from COVID-related forbearance to a loan modification or other resolution entails time-consuming and detailed work, Federal Reserve Governor Michelle Bowman warned. Read More

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