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Inside Mortgage Finance

June 15, 2023

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Servicing Market Evolves in Higher Rate Environment

Banks continued to build their retained mortgage portfolios, but mostly with fixed-rate mortgages, while borrowing costs rose significantly. The agency MSR market is slowly shifting toward higher-coupon loans. (Includes three data charts.) Read More

Chopra Warns of Problems if Supreme Court Rules Against CFPB

CFPB Director Rohit Chopra said the mortgage market would see severe disruption if the Supreme Court finds the bureau’s funding structure unconstitutional. Read More

Credit Union Regulator Sees Warning Signs in HELOC Activity

The increase in usage of home equity lines of credit suggests that consumers are facing some financial difficulties, the NCUA has warned. Read More

Comerica’s Exit From Warehouse Sparks Fears

Concerns are growing that a credit crunch of sorts might be on the way for nonbanks as federally insured warehouse lenders begin to pull back. At least one veteran player, Comerica, has exited the space. Read More

Lighter Pay Packages for the C-Suites, But Not All

What’s a mortgage CEO worth these days? If it’s a public company, that’s a decision for shareholders and the board. Most senior managers had their pay reduced last year, but not all. (Includes data chart.) Read More

CDFIs Raise Concerns Over Delay in Certification Process

Pushback of proposed certification requirements and a vacant leadership role have led to a year-long blackout on new CDFI applications. Read More

Reconsideration of Value Guidance Touches a Nerve

Despite their support for a standardized approach for evaluating the validity of an ROV, trade groups disagree that lenders should face fair-lending liability for the valuations made by independent appraisers. Read More

Housing Tax Credit Legislation Reintroduced

The Neighborhood Homes Investment Act would offer tax incentives to support the creation or rehabilitation of 500,000 starter homes. Read More

Healthy Adoption of Fannie’s Positive Rent Payment Pilot

More than 13,000 residents have established a credit score for the first time due to the pilot program. Read More

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