Cart

Inside Mortgage Finance

August 18, 2022

View Archived Issues

Agency Mortgage Market Hit Hardest in 2Q22 Refi Collapse

Purchase-mortgage originations saw a healthy gain in the second quarter, but not enough to offset plunging refinance activity. Production was up in jumbo and ECM lending. (Includes two data charts.) Read More

Working in Tandem, Ginnie and FHFA Finalize Eligibility Standards

Agency seller/servicers have a new set of net worth requirements to adhere to. The good news: The final language is close to what was originally proposed. Read More

Cenlar Beefs Up Its Default Team. As for Why…

When it comes to default management hires, subservicer Cenlar has been a busy bee, adding a handful of new VPs. Is it expecting an increase in delinquencies or is something else afoot? Read More

Delinquencies, Foreclosures Exceptionally Low in 2Q22

The total delinquency rate stood at 3.44% as of the end of June, among the lowest levels seen since the launch of Inside Mortgage Finance’s Large Servicer Delinquency Index in 2003. (Includes data chart.) Read More

FHFA Tweaks GSEs’ Goals for Multifamily in 2023-24

The GSEs will now focus on the percentage of multifamily units that meet affordability standards rather than the actual number. Read More

Sources: Sprout CEO Selling Manhattan Penthouse

It appears that Michael Strauss, CEO of now-shuttered Sprout Mortgage, is looking to sell his Manhattan penthouse on Park Avenue for $26.5 million. Read More

CSBS Promotes Cybersecurity Tools for Nonbanks

The Conference of State Bank Supervisors unveiled two new tools to help state examiners assess nonbanks’ resilience against cyberattacks. Read More

Equifax Credit Score Snafu May Have Had Wider Impact

A plaintiff in a class-action lawsuit claims the Equifax credit score glitch cost her more on auto loan payments. Read More

Grapevine: A Reduced Mortgage Presence for Wells?

The market continues to chatter about Wells Fargo’s future in mortgages. Meanwhile, time to cash out of home finance? Read More

Latest Imf News

More Imf News

Featured Data

More Featured Data

Featured Reports

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results