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Inside Mortgage Finance

December 14, 2023

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Agency Servicing Hits New Benchmark, HEL Surging

Whole-loan portfolios among insured depositories grew 1.1% during the third quarter, while those institutions pared their servicing-for-others activity by 0.2%. (Includes two data tables.) Read More

Treasury Strengthens CDFI Certification Criteria

The revised CDFI certification process will improve lender accountability and streamline the application process. Read More

MBA Calls on CFPB to Maintain Loss-Mit Flexibilities

The Mortgage Bankers Association wants the CFPB to retain the complete/incomplete application framework in its upcoming rulemaking that would modernize its mortgage servicing rules. Read More

CrossCountry Readies Another M&A Deal

CrossCountry Mortgage owner Ron Leonhardt wants his nonbank to be the largest lender in the land. One way to do that is to buy other shops — and it looks as though CCM has another target in its sights. Read More

Oral Arguments Held in Townstone Redlining Case

The arguments before the Seventh Circuit Court of Appeals centered on whether the CFPB has the authority to extend the Equal Credit Opportunity Act’s protections to cover prospective applicants. Read More

Court Upholds Restrictions on Better in Employee Dispute

Better Mortgage cannot communicate with its underwriters on wage-and-hour issues unless it receives approval from a district court. Read More

FoA’s Last Trip to the MSR Sales Shed

Finance of America is ready to unload the last remains of its MSR portfolio. But it comes at an interesting time: Rates continue to fall, thus impacting asset prices. Read More

Originations Expected to Increase Somewhat in 2024

Economists project a modest uptick in mortgage originations next year as interest rates are expected to continue to fall. But the decline in rates will depend on how quickly inflation comes under control. Read More

Multifamily Business Remains Slow at the GSEs

The GSEs’ new multifamily loan acquisitions came to just $82.7 billion in the first 10 months of the year. That was down 23.8% from the first 10 months of 2022. Read More

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