Cart

Inside Mortgage Finance

November 30, 2007

View Archived Issues

Non-Prime Market Share Plummets in 2007 As Alt A Mortgage Sector Overtakes Subprime

While subprime mortgage originations sank to their lowest market share in over a decade, Alt A origination volume hovered near recent levels during the rout in non-conforming loan production that reshaped the mortgage market... [Includes two charts and one graph] Read More

FHA Risk-Based Pricing Scheme Faces Opposition as It Nears Implementation

The Bush administration’s plans to jumpstart its FHA modernization efforts may be stymied in the Senate, where a bipartisan group is working to delay a risk-based pricing program that is about to be implemented by the Department of Housing and Urban Development... Read More

Mortgage Banking Industry Claims Deception By House on Predatory Lending Negotiations

The mortgage banking industry was deceived by staffers in the House regarding recently passed anti-predatory lending legislation, according to those close to the negotiations. Larry Platt, a partner at K&L Gates, raised the issue during a Webcast on the legislation... Read More

Countrywide Disputes Bankruptcy Predictions, But Takes Unusual Attack from Capitol Hill

Being number one in the mortgage industry has been no picnic for Countrywide Financial, which this week had to fend off new speculation that it is sliding into bankruptcy as well as criticism from a key federal lawmaker that the company is abusing the... Read More

Thrift Mortgage Production Holds Up Better Than Overall Industry, Portfolios Growing

Thrift institutions reported a modest decline in new mortgage originations during the third quarter that was far less severe than the production slump in the overall market. Thrifts originated $165.08 billion of new mortgages during... [Includes two charts] Read More

GSE 3Q07 Results Strengthen Reformers Hand, But Dodd Campaign, Dwindling Calendar, Leave GSE Bills in Limbo

The rotten third quarter results posted by Fannie Mae and Freddie Mac may have been an “I told you so” moment for James Lockhart, the director of the Office of Federal Housing Enterprise Oversight, who has suggested stronger federal oversight could make the companies’... Read More

Support Grows for Systematic Loan Modification as Regulators Become Frustrated with Slow Mod Pace

Federal regulators and other Bush administration officials have begun pushing servicers to do systematic loan restructuring to assist large groups of borrowers, while California Gov. Arnold Schwarzenegger and four lenders last week agreed to wide-scale loan... Read More

House Prices Keep Falling, But Conforming Loan Limit Remains Unchanged for 2008

Federal regulators affirmed this week that the conforming loan limit in 2008 will remain at $417,000 for single-family homes in the mainland U.S., the level it’s been stuck at since a whopping 16 percent increase back in 2006. The Office of... [Includes one chart] 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