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Inside Mortgage Finance

November 3, 2006

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Mortgage Business Cools Off in 3Q06 – a Little – as Momentum Shifts Toward Conforming Business

Mortgage origination volume slowed down in the third quarter, but the drop was less severe than might have been expected and the market could near the $3 trillion mark again when business is wrapped up at the end of 2006... [Includes 2 charts and 2 graphs] Read More

After Home Prices Slip in September, Industry Braces for Possible Disruption With Drop in Conforming Loan Limit

A sharp drop in house prices during September has the mortgage industry scrambling to figure out how to cope with a possible decrease in the conforming loan limit for 2007. As Inside Mortgage Finance reported last month, the key conventional mortgage survey conducted by... Read More

Fed Targets 35 Banks, Mortgage Affiliates for Unexplained Racial Gaps in Rate-Spread Loans

The Federal Reserve Board is in the process of reviewing 35 financial institutions it regulates, including state banks and mortgage-banking affiliates, for unexplained disparities in higher-priced home loans made to minorities last year that were reported... Read More

Industry Groups Want Fannie Mae to Give Controversial Patent to Public Domain; GSE Insists It Won’t Use It

Mortgage industry groups are besieging Fannie Mae to place its controversial patent on computer software that creates customized mortgage loans in the public domain. The government-sponsored enterprise says it plans to allow “primary market participants” to... Read More

New Study Highlights How Alt A Market Fills Gap Between Prime and Subprime

The Alt A lending business, which has posted the biggest volume gains of any sector of the residential mortgage market over the past three years, is clearly filling the large gap between prime and subprime loans. That’s one of the findings contained in a major new study of... Read More

Mortgage Brokers Considering Converting To Mortgage Banking Faced With Dilemmas

With reform of the Real Estate Settlement Procedures Act looming and state regulators increasingly cracking down on mortgage brokers, now may or may not be a good time for brokers to consider converting to mortgage banking. “It depends,” was the consensus from... Read More

GSEs Can’t Build Portfolios, Despite Modest Gain in New Business Market Share in 3Q06

Fannie Mae and Freddie Mac saw a modest improvement in their combined market penetration during the third quarter of 2006, but neither government-sponsored enterprise has been able to convert that momentum into increases in their retained portfolio – their... Read More

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