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Inside Mortgage Finance

October 26, 2023

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Originations Stall in 3Q23 as Lender Ranking Reshuffles

A handful of lenders stepped on the accelerator in the third quarter, boosting originations and market share. Overall, first-lien lending fell 3.8%. Read More

CRA Final Rule Includes New Testing Framework

Federal banking regulators issued a final rule updating the Community Reinvestment Act regulatory framework. Most of its provisions will become applicable on Jan. 1, 2026, or later. Read More

Interest Rate ‘Rescue Plan’ Update: Not Happening

The residential finance industry is hoping the Federal Reserve and/or the GSEs might come to the rescue by playing a role in driving down mortgage rates. How’s it looking, then? Not so good. Read More

Lenders Discuss Strategies to Boost Purchase Originations

Focusing on existing customer databases and adding referral partners, as well as an enhanced social media presence, are key for boosting originations, according to industry participants speaking at the MBA convention. Read More

CFPB’s Open Banking Rule Omits Mortgages, For Now

The Consumer Financial Protection Bureau floats a rule that would require financial institutions to make certain transaction and account information available to consumers and authorized third parties. Read More

Better Facing the Music Over Lagging Stock Price

While originations and revenues sink at fintech Better, management remains well compensated, which is sure to irk suffering shareholders. Read More

California Clears Way for ADUs to Be Sold as Condos

Beginning in 2024 cities and counties in California can adopt ordinances to let an accessory dwelling unit be sold or conveyed separately from the primary residence. Read More

Wholesale Lenders Get Creative to Entice Brokers

New programs from United Wholesale Mortgage and The Loan Store highlight the unique ways lenders are pushing for wholesale broker business in today’s high interest rate environment. Read More

Grapevine: Comment Period on Bank Capital Proposal Extended

The comment deadline is now Jan. 16 and the Fed launched a data collection effort; Homestar Financial calls it quits. Read More

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