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Inside Mortgage Finance

December 7, 2023

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Agency High-Balance Loans Soar in 3Q23, Jumbo Slumps

Fannie, Freddie and Ginnie all saw sturdy increases in agency-eligible high-balance loans during the third quarter. The non-agency jumbo market remains significantly bigger, but production fell. Read More

Lenders Protest Rising Cost of Credit Reports

With the cost of credit reports rising, many lenders have begun increasing their use of cheaper soft pulls for borderline borrowers. However, lenders say credit bureaus are raising the price for those as well. Read More

A Lull in Activity for Subservicers in Third Quarter

Subservicing volume declined during the third quarter, which might explain some of the recent consolidation in the space. Read More

Making Sense of the GSEs’ New Repurchase Framework

It’s unclear whether loans that have gone into forbearance post-pandemic will be eligible for new repurchase alternatives. Read More

PennyMac Ordered to Pay $155 Million in Tech Breakup

Black Knight didn’t receive all of the damages it sought from PennyMac while the nonbank servicer is now free and clear to use proprietary technology that’s less expensive than Black Knight’s offerings. Read More

Warehouse Lending: An Exit and a Big Opportunity

When it comes to warehouse finance of nonbanks, one lender’s exit could be another’s opportunity for future growth, at least that’s what executive Kevin Mitzit of Wintrust is hoping for. Read More

DPA Programs Help Lenders Navigate High Interest Environment

Lenders have launched a variety of products to reduce downpayment costs for GSE-eligible borrowers. Read More

Stronger Boundaries Needed For FHA/GSEs, USMI Says

U.S. Mortgage Insurers President Seth Appleton is encouraging FHA to focus on keeping its Mutual Mortgage Insurance Fund healthy. Read More

FCC Looks to Close ‘Lead Generator Loophole’

A proposal from the Federal Communications Commission could sharply limit lead generation activity. Meanwhile, the CFPB apparently can’t do much about trigger leads and legislation in Congress hasn’t moved. Read More

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