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Inside Mortgage Trends

September 29, 2023

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Mortgages Held for Sale at Banks Increase in 2Q

Banks and thrifts increased their holdings of mortgages they intend to sell by nearly 10% during the second quarter. Both originations and loan sales increased during the quarter. (Includes two data charts.) Read More

ICE Executives on Benefits of Merger With Black Knight

ICE says its merger with Black Knight will lead to solutions that simplify the mortgage experience for investors, lenders and borrowers. Read More

Mortgage Lending by Credit Unions Down in First Half

Credit unions produced $53.31 billion of mortgages in the first half of 2023, a 52.9% decline from the same period a year ago. (Includes data chart.) Read More

Guaranteed Rate Prevails in D&O Insurance Lawsuit

A provider of directors and officers insurance is on the book for an $18 million payout tied to Guaranteed Rate’s settlement with the DOJ over charges under the False Claims Act. Read More

California Activity Dwarfs Other States Among Nonbanks

California had more than double the amount of originations by nonbanks in 2022 compared with any other state. The refi share of originations by nonbanks in California was also elevated. (Includes data chart.) Read More

NIBS Suggests Incentives to Boost Resilience Investment

Many homeowners find the cost of investing in flood mitigation tools outweighs their perceived individual risk. A study funded by Fannie Mae suggests developing a pilot program to address the issue. Read More

Fannie Pushes More Pre-Funded Quality Control

Fannie provided details on how to initiate effective prefunded quality control, which can help to prevent buybacks. Read More

Grapevine: California Closer to RON; Lenders Slow on eClosing

California is set to become the 45th state to allow remote online notarizations for real estate transactions; LOs available 24/7 at Guaranteed Rate; empathetic lenders slow to cut staff; former Black Knight units rebrand as Dark Matter Technologies; Incenter boosts corporate staff; warehouse lending system moves to the cloud. Read More

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