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Inside Mortgage Finance

November 10, 2022

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Jumbo Market Clobbered in 3Q22, Govt Hangs On

Despite significant erosion in conventional-conforming and jumbo lending in the third quarter, a few shops managed to boost originations. FHA/VA lending was relatively safer. (Includes two data charts.) Read More

UWM Chief Sees More Pain Ahead for Lenders

Mat Ishbia’s UWM now has bragging rights to being the largest home lender in the land. His view on the market: up to 15 more months of tough sledding. As for profit margins, he may have to drive them lower. Read More

As Home Prices Begin to Level, GSE Profits Nosedive

After profiting from soaring home prices the past two years, Fannie and Freddie now have to sock away money as residential values begin to decline. Read More

Jury Can't Reach a Verdict in Fairholme v. FHFA

A deadlocked jury means the GSE shareholder lawsuit is probably destined for a new trial. But it will likely be in the same courtroom. Read More

Wells Fargo Is in the CFPB’s Crosshairs Again

The lender is in talks with the Consumer Financial Protection Bureau to resolve several possible violations in its auto lending, mortgage lending and consumer deposit programs. Wells already holds the record for the highest fine issued in connection with a CFPB enforcement action. Read More

Up for Grabs: FoA’s $8.7 Billion MSR Portfolio?

It’s been a roller coaster ride for Finance of America and its shareholders. Rising rates have hammered its business lines and it’s anticipated the company will exit the MSR arena. FoA went public just over 18 months ago. Read More

Private MI Firms Plan for Ongoing Economic Volatility

Top executives from the nation’s private mortgage insurers say they’re monitoring volatility and preparing for an uptick in unemployment. Read More

Grapevine: The (NFL’s) Commanders: Mat or Matt? / More Retail Closings?

UWM’s CEO, a former college basketball player, is contemplating making a bid on the NFL Commanders franchise. Will it come to pass? Meanwhile, one large non-QM shop is ready to make retail cuts. Read More

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