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Inside Mortgage Finance

September 26, 2024

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Home Equity Lending Activity Increases in Second Quarter

The biggest increases in home equity lending this year have been seen at nonbanks. Rocket Mortgage more than doubled its originations of closed-end second liens in the first half of 2024 from a year ago. (Includes three data charts.) Read More

Nonbank Share of Lending Up in First Half of 2024

Depository institutions pulled back, to some extent, from mortgage lending in the first half of 2024 and nonbanks stepped in to fill the void. Nonbanks accounted for nearly 65% of originations in the first six months. (Includes two data charts.) Read More

The Fed Cut Rates. Should MSR Owners Worry?

Falling interest rates are never good for the value of mortgage servicing rights. But with so many MSR owners keeping their 3% to 4% rights of 2020 and 2021 and selling the rest, marks for the third quarter of 2024 could be benign. Read More

Pay Cuts for CEOs of Mid-Sized Nonbanks?

If you’re in the market for a new CEO, chances are you might find some bargains out there. But only for CEOs of privately held nonbanks. Read More

Trigger Leads Ban Bundled; Government Shutdown Averted

A bill to ban trigger lead activity was rolled into an annual appropriations bill. Congress also passed a stopgap funding bill through Dec. 20. Read More

Lenders Assess Housing Policies of Harris and Trump

The presidential candidates have vastly different priorities when it comes to addressing the nation’s housing policies. Read More

Mortgage Fraud Stabilizes as Interest Rates Remain High

Mortgage fraud activity is expected to increase as interest rates come down, according to Sean Sowards, a senior director at Fannie Mae. Read More

Timing of Bank Capital Re-Proposal Unclear

A Fed board member recently outlined plans for re-proposing bank capital requirements. The FDIC appears to be running into complications. Read More

Housing Counselors Urged to Guide Buyers on Agent Commissions

Some industry players fear changes to how buyer agent commissions are paid will lead many Black homebuyers to forego representation. 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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