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Inside Mortgage Finance

December 22, 2022

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Home-Equity Originations Continue to Rise

Home-equity originations rose 4.2% in the third quarter as the home-equity market opened up to nonbank lenders. Untapped HELOC commitments point to further growth to come. (Includes three data charts.) Read More

Top Lenders and Nonbanks Grow Share in 3Q22 Swoon

Top 100 lender production was down 22% in the third quarter, as were credit union originations. Total nonbank originations and retail lending through bank lending platforms fell 23%. (Includes two data charts.) Read More

Brokers, Lenders Question FHA Revisions on Dual Employment

The FHA has clarified when individuals can perform multiple roles in a single FHA-insured transaction. Some believe it’s a market-altering move. Read More

Some CEO-Owners May Be Foregoing Pay in 2023

Hard times have hit the lending side of the residential finance industry. And that may affect the wallets of some executive-owners. Read More

CFPB, Wells Reach Record Settlement: $3.7B

The consent order covers unfair and deceptive acts and practices in mortgage servicing, auto loan servicing and maintenance of deposit accounts. Read More

M&A: Union Home Mortgage, UMortgage Emerge as Buyers

A handful of company sales came to light this week, all involving nonbanks. The activity suggests the first quarter of 2023 could be a busy one for M&A. Read More

CHLA Asks Fed to Leave Nonbank Lenders Alone

Trade groups say small and mid-sized independent mortgage bankers don’t need more federal supervision because they pose no systemic risk. Read More

Grapevine: Go Figure, SPAC Hits Turbulence; New Employment Contracts for PFSI Chiefs

It looks like Figure’s mortgage-warehouse-bank-related SPAC has hit the wall; PennyMac’s brain trust has new employment contracts. Read More

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

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