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Inside Mortgage Finance

May 9, 2024

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Refinance Surge Lifts Primary MI Production in 1Q24

Originations of purchase mortgages with primary MI coverage fell slightly in the first quarter, but the spike in refi activity, especially in the government market, more than made up the difference. (Includes four data tables.) Read More

HUD, FHFA Issue Guidelines for Appraisal Reconsideration

The guidelines lay out the process lenders must develop for borrowers to request an appraisal reassessment when they believe a valuation was inaccurate or biased. Read More

‘Profitability Gap’ on GSE Loan Acquisitions Shrinks

Changes in loan characteristics for new acquisitions and new capital requirements combined to reduce the “profitability gap” for GSE business in 2022. Read More

U.S. Bank Offloads Some of Its Massive MSR Holdings

When mortgage bankers think of megabanks selling MSRs, Wells Fargo comes to mind. But U.S. Bank is selling servicing rights as well. Its latest sale: a $15 billion package of GSE rights. Read More

NYCB Keeps Mum on Mortgage Plans Amid Overhaul

New York Community Bank’s new leadership has plans to return to profitability. It’s not clear how residential mortgages fit into those plans. Read More

Illinois Finalizes State CRA Standards Despite MBA Opposition

The state’s final CRA standards have some “problematic elements,” which the MBA said it had highlighted during the comment period. Read More

Demand for MSRs Remains Strong, for the Moment

Lenders continue to make bulk purchases to offset runoff in their portfolios and make up for anemic originations. However, demand for MSRs could be near a peak, according to industry analysts. Read More

A Positive of Sorts: Nonbank Debt Trading North of Par

If you’re looking for signs of hope in a difficult mortgage market, a source of inspiration might be the debt values of certain lender/servicers. Read More

Rate Lock-in Not Primary Factor in Moving Plans

A new survey shows that higher interest rates may not be the only thing stopping homeowners from moving. 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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