Inside Mortgage Finance shortly will publish its final 4Q ranking of FHA lenders, but it appears that the October-December period was one of the strongest in terms of loan production in quite some time ...plus other mortgage briefs.
Mortgage lenders are still trying to figure out how much regulatory uncertainty they are facing thanks to Fridays court decision that appears to invalidate the appointment of Richard Cordray to head the Consumer Financial Protection Bureau.
Mortgage lenders funded $232.69 billion worth of FHA loans in 2012, a 22 percent jump from the year prior, according to exclusive loan-level data compiled by Inside FHA Lending.
A large and potentially lucrative RFP issued several months ago by FHFA regarding its strategic plan for taking the GSEs to the next stage in their evolution has yet to be awarded.
The recent court ruling which called into question the legitimacy of certain recess appointments including that of CFPB director Richard Cordray also means the agency may not have any regulatory oversight over nonbanks.