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Inside Mortgage Finance

February 23, 2023

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Retail Takes the Biggest Fall in 4Q22 Lending Debacle

Third-party originators typically do better in strong purchase-mortgage markets, which was apparent again in the fourth quarter of 2022. (Includes six data charts.) Read More

FHA Cuts Mortgage Insurance Premium by 30 bps

The change affects new loans endorsed on or after March 20. The last MIP cut occurred in early 2015, when FHA trimmed premiums by 50 bps for 30-year fixed-rate mortgages. Read More

Freddie Finally Releases 2022 Financial Results

By booking a higher provision for credit losses in the third quarter, Freddie set the stage for improved financial performance in the fourth. Read More

MBA Chief Calls MSR Charge Punitive, Not Hopeful

MBA’s Bob Broeksmit this week criticized the 250% risk weighting placed on mortgage servicing rights held by federally insured depositories. Meanwhile, several top-ranked servicers discussed issues and challenges they’re facing, from forbearance to automation and beyond. Read More

Delinquencies Tick Up in Fourth Quarter, More Expected

The delinquency rate was pushed up during the fourth quarter by a weakening economy and inflation. The unemployment rate is projected to increase this year, which will likely drive delinquencies higher. (Includes data chart.) Read More

Mega Nonbank Mergers Coming in a Few Quarters?

The sale of mortgage company “assets” are increasing while “franchise” deals remain few and far between. What lies ahead? In a few quarters we may see larger shops merge, one consultant predicted. Read More

GSE COVID-Era Rules Sunset

Most Fannie Mae and Freddie Mac policies regarding loan eligibility have returned to pre-pandemic standards. Read More

Grapevine: More MSRs Hit the Market / Mr. Cooper’s Layoffs Revealed

Bulk servicing packages continue to hit the open market as the first quarter draws to a close. Meanwhile, Mr. Cooper puts a number on its 2022 layoffs, burying the disclosure in an SEC filing: 1,200. Read More

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