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Inside Mortgage Finance

June 29, 2023

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Home Equity Lending Slows in First Quarter

Home equity originations peaked in the third quarter of 2022 and continued to trend down in the first quarter of 2023. Still, the total amount of funded home equity debt outstanding increased slightly. (Includes three data charts.) Read More

Industry Needs More Time, Data for Credit Score Shift

A broad coalition of industry groups say FHFA’s current timeline is too short for the scale and complexity of the transition. Read More

Lenders Meh About Bill Reversing LLPA Changes

It got 14 votes from House Democrats, but the Republican-sponsored Middle-Class Borrower Protection Act is unlikely to make it to the Senate. Read More

MBA Not Worried About Warehouse Liquidity, But…

Comerica’s exit from the warehouse market is still ringing in the ears of nonbanks. Enter the MBA, whose CEO seems a bit concerned but views the situation as “market forces at work.” Read More

CFPB, Payments Vendor Settle Over Servicing Error

ACI Worldwide accidentally charged Mr. Cooper customers for $2.3 billion in mortgage payments. Read More

Chase Continues to Buy MSRs as Wells Sells

Although MSR sales are expected to slow with the arrival of summer, a few large bulk deals are in the works. Read More

FHFA Faces Pushback on Fair Lending Proposal

The Federal Housing Finance Agency’s proposal to codify its fair lending oversight of the GSEs is rife with redundancies, some say. Read More

Low Interest Rates Once a Blessing, Now a Curse

More than 90% of homeowners with mortgages have loans with interest rates well below prevailing rates. That provides a strong incentive to stay put. Read More

Flood Insurance Legislation Introduced in the Senate

New Jersey and Louisiana senators are spearheading a new flood insurance reauthorization with a five-year life and premium caps. 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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