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Inside Mortgage Finance

July 12, 2018

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GSE 1-Family Business Up Modestly in 2Q18 As Purchase-Loan Market Kicks into Gear

Collectively, Fannie Mae and Freddie Mac recorded a modest increase in new single-family business from the first quarter of 2018 to the second, but the bird’s-eye view misses some key details. [Includes three data charts.] Read More

FHA Commissioner Montgomery Worried by High DTIs, Obsolete Technology, and a Ton of Vacancies

FHA Commissioner Brian Montgomery this week laid out the chief items on his worry list, including high debt-to-income ratios, obsolete technology, and dozens of vacancies caused by a brain-drain at the government’s mortgage insurer. Read More

Officials at Online Mortgage Brokerage Top Survey of Nonbank Executives Last Year

The table-funding sector may be a shadow of its former self, but the man who founded and heads the nation’s only publicly traded mortgage brokerage firm took home $59.6 million in total compensation last year, according to a new tally from Inside Mortgage Finance. [Includes one data chart.] Read More

Fair Lending, Housing Advocates Slam DOJ Repeal of Guidance on Mortgage Shopping, Predatory Lending

The Department of Justice abolished the concept of regulation-by-guidance with last week’s repeal of 24 guidance documents issued by a variety of government agencies, including those that provide information regarding predatory lending, consumer mortgage shopping and discrimination. Read More

Fairness in Mortgage Servicing Might Become a Hot Spot of Litigation, Compliance Experts Warn

Fair lending in the mortgage servicing context has become an area of regulatory interest especially when dealing with disabled borrowers and those with limited English proficiency, compliance professionals said at the recent American Bankers Association’s regulatory compliance conference in Nashville. Read More

Fannie Announces MI Pilot

Fannie Mae this week released details about a pilot program that explores an alternative to how private mortgage insurance is placed on loans the government-sponsored enterprise acquires. Read More

FHFA Worries About Unintended Consequences of California’s Tough New Privacy Law for Mortgages

The Federal Housing Finance Agency and mortgage lender groups are raising concerns about the new California data privacy law set to take effect in 2020, saying it doesn’t take into account the impact on mortgage lending. Read More

Supreme Court Takes Case on Fair Debt Collection Practices Act and Non-Judicial Mortgage Foreclosures

The U.S. Supreme Court is scheduled to hear a case that will determine whether non-judicial foreclosures are subject to protections provided by the Fair Debt Collection Practices Act. Lower courts have split on the issue, causing problems for servicers and borrowers. Read More

Freddie to Launch Automated Servicing Transfer in August, Streamlines the Process for Smaller Lenders

Freddie Mac plans to launch a new servicing transfer tool within the next couple of weeks, part of a broader effort by the government-sponsored enterprises to enhance liquidity in mortgage servicing rights. Read More

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