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Inside Mortgage Finance

May 11, 2023

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Private MIs Gain Share in 1Q23 as FHA/VA Refis Sag

Originations of first-lien home loans with some form of primary mortgage insurance declined 15% during the first quarter, a less severe downturn than the overall market recorded. Private MIs got the most benefit. (Includes four data charts.) Read More

FHFA Backs Down on Planned DTI Fee

The Federal Housing Finance Agency has withdrawn the controversial fee the GSEs planned to charge based on a borrower’s debt-to-income ratio. Read More

Nonbanks Looking to Benefit as Banks Pull Back

Banks are reducing their appetite for new mortgage originations, particularly among non-agency products. Nonbanks see an opportunity to take some market share. Read More

Colonial Ponders Selling MSRs as Bank Exodus Continues

More banks are considering leaving the residential lending/servicing sector or scaling back. Will these decisions, made during tough times, come back to haunt them? Read More

Trade Groups Ask CFPB For LO Comp Flexibility

As the CFPB reviews its mortgage loan originator rules, trade groups called on the bureau to allow lenders to lower LO compensation. Read More

About Those Expected Interest Rate Cuts...

The “sea of red” in the mortgage bond market probably isn’t going to be enough to get the Federal Reserve to reduce interest rates, according to industry experts. Read More

A Long Shot of Sorts: Rithm Spinning Off Its Mortgage Company

Mortgage REIT Rithm wants to unlock the market value of its mortgage banking franchise by spinning off the unit into its own publicly traded company. A serious idea or a ploy to juice the share price of the parent? Read More

Business-Purpose Lending Down, But Still Profitable

Lenders that focus on non-agency business-purpose lending are seeing success while traditional mortgage lenders struggle. Read More

Lenders Call for Updates to FHA Condo Loan Process

The Department of Housing and Urban Development maintains a searchable list of approved condominium projects eligible for FHA condo loans. Read More

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