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Inside Mortgage Finance

November 17, 2022

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FHA Ekes Out Slight 3Q22 Gain as Other Insurers Fade

Originations of purchase mortgages with primary MI coverage declined in the third quarter, but the FHA stood alone with a sturdy 7% increase in purchase endorsements. National MI was the only private insurer to boost quarterly production. (Includes three data charts.) Read More

MSR Market Watches for Smoke Signals From the Fed

2022 smashed records for MSR transfers, especially in the bulk market, but cooled in recent months. Still, experts see a rebound when the market gets a better handle on the Fed's future steps. Read More

FHA MMIF Capital Ratio Hits 11.11%, No Premium Cut Announced

Although FHA is required to maintain a minimum 2% capital ratio, there’s nothing in its Congressional mandate that speaks to a maximum. Read More

Layoffs Abound. As for WARN Act Filings…No

Thousands of mortgage workers have been handed pink slips this year as companies move to cut costs. But it appears many shops aren’t telling the states, as required by law. Is there a rational explanation? Read More

Time for UWM to Move Servicing Inhouse? Not Really

United Wholesale Mortgage explored the idea of servicing its own mortgages but passed. For now it's sticking with its two subservicing vendors, one of which is Cenlar. Read More

NMLS Renewals Stumble Early but Seem Stable Now

The two-month renewal period began with some 2021 deja vu: reports of issues with credit reports and identity verification. But the problems were resolved in the early days. Read More

Policy Changes, New Programs Could Help Close Homeownership Gap

Homeownership programs could take a lesson from scholarship models in the education field: Intentional first-generation assistance programs could add five million net new homeowners. Read More

Grapevine: Time to Worry About MSRs and Capital?

No secret here: Nonbank mortgage companies are living off their mortgage servicing rights during the industry’s sizable downturn. How much longer can it last? Hard to say, but Fitch has some concerns. Read More

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