Cart

Inside Mortgage Finance

May 16, 2024

View Archived Issues

Refi Business Up Sharply in First Quarter

A decline in interest rates near the end of 2023 drove up refi volume. Meanwhile, purchase-mortgage lending declined slightly on a sequential basis as seasonal factors limited demand. (Includes four data tables.) Read More

FSOC Calls for Greater Oversight of Nonbanks

The Financial Stability Oversight Council wants Congress to provide FHFA and Ginnie Mae authority to supervise nonbanks given their growing dominance of the mortgage servicing market. Read More

NYCB Pulls the Plug on Flagstar’s Warehouse Unit

Another long-time player is exiting warehouse lending. The twist: There’s nothing wrong with Flagstar’s nonbank business. The problem is that the depository is owned by NYCB, which needed an investor-infusion earlier this year. Read More

CFPB Calls for Tougher Consequences for Servicers

A consumer advisory board meeting convened this week by the CFPB included an emphasis on issues in the mortgage market. Read More

MBA Calls for National Housing Policy Director

The Mortgage Bankers Association has called for the creation of a national housing policy director position in the White House. Read More

Mixed Views on Freddie’s Proposal for Second Liens

Some see Freddie Mac’s proposal to acquire second liens as a way to boost originations of the products. Others suggest that GSE involvement in the sector will have minimal impact as demand from borrowers appears to be limited. Read More

Small Gains for MSR Values in 1Q; Declines on Horizon

An increase in MSR values was the order of the day during the first quarter, but the markups were not significant. And some lenders had slight declines. The good news: Origination profit margins improved. Read More

USMI Seeks Improved Treatment for Private MI

With banking regulators considering how to revise their Basel III endgame proposal, the U.S. Mortgage Insurers stressed that regulators should look more favorably on loans with private MI. Read More

Urban Institute Calls on Regulators to Streamline Refi Process

A proposal from the Urban Institute calls for a revamp of the refi process to make it more equitable for lower-income borrowers and borrowers of color. 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