Cart

Inside Mortgage Finance

January 25, 2024

View Archived Issues

Midyear Production Rally Peters Out in Late 2023

Very few lenders managed to increase loan production in the fourth quarter, while quite a few saw declines of 20% or more. First-lien mortgage originations in 2023 marked the lowest annual output since 2014. (Includes two data tables.) Read More

Expectations High for Freddie’s Repurchase Pilot

Freddie Mac’s pilot program could dramatically reduce the frustrations lenders face due to repurchase requests for performing loans. For now, the initiative covers 15 lenders. Read More

CHLA Itemizes the Bill for Bi-Merge Credit Scoring

Counterintuitively, the bi-merge will increase the number of credit pulls necessary to complete the average mortgage loan application. Consumers will ultimately pay for those extra pulls. Read More

The Key to a Warehouse Lending Revival: The Fed

Over the years, warehouse finance has been a good business for Texas Capital, but the pain suffered by its nonbank clients over the past year has affected the bank as well. Relief could come when the Fed starts cutting rates. Read More

Minor Changes Expected With Home Sale Commissions

The commission structure for real estate agents looks likely to change as the National Association of Realtors and brokerages face charges of price fixing. The move is unlikely to have a major impact on mortgage lenders. Read More

MSR Sales Start Strong, Arvest Offloading $9.4B

Three-plus weeks into the new year, a handful of large servicing deals are afoot. Arvest Bank is an active seller and Wells Fargo is contemplating its options as well. Read More

Lenders Cautiously Optimistic as Home Sales Increase

An uptick in home sales is helping lenders to have a rosier outlook for 2024, but the mortgage lock-in effect could put a cap on expected growth. Read More

Government Again Dodges Shutdown, for a Month

President Biden late last week signed a short-term continuing resolution to keep federal agencies open through March 1. Read More

AIME Splits Advocacy Group Supporting Mortgage Brokers

Katie Sweeney, CEO of the Association of Independent Mortgage Experts, is stepping down to lead AIME offshoot Broker Action Coalition. Read More

Latest Imf News

More Imf News

Featured Data

More Featured Data

Featured Reports

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results