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Inside Mortgage Finance

February 2, 2023

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Nonbank Servicers Gaining as Delinquency Risk Rises

Delinquency rates are rising and many observers expect a mild recession this year. Nonbanks continue to grow their share of agency MSRs while banks build whole-loan portfolios. (Includes three data charts.) Read More

Lenders Protest Use of DTI in New GSE Pricing Grids

The TILA-RESPA Integrated Disclosure rules require mortgage lenders to disclose prices within three days of an application. But to do so they have to rely on frequently faulty income and debt information. Read More

Warehouse Providers on How Nonbanks Can Weather Losses

Communication is key when mortgage companies face financial difficulties and potential breaches of warehouse financing covenants. Warehouse providers are looking for profitability plans for nonbanks. Read More

Costs Decline for Lenders but Servicers Might Not be So Lucky

The servicing side of residential finance, in particular processing fees and MSR sales, has saved many a lender from the abyss during the correction of the past year. But it hasn’t been a complete joyride. Rising personnel costs and technology expenditures are a concern. Read More

More Banks Head for the Mortgage Exit

Commercial banks continue to look sideways at the residential lending business, wondering why they should be in it at all. Some are getting out while others are scaling back significantly. Read More

FHA Expands COVID-Era Loss-Mitigation Options

Servicers of FHA-insured loans have until April 30 to implement the revised loss-mitigation program. Read More

Laid-Off AmeriSave Employees Agree to Arbitration

In November, the former employees filed a class action accusing AmeriSave of fraud, deception and breach of contract. The lawsuit is on hold pending arbitration. Read More

CEO of Defunct Live Well Gets Off Lightly for Bond Fraud

Michael Hild’s 44-month prison sentence is much shorter than the 15 years recommended by prosecutors. Read More

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