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Inside Mortgage Finance

August 22, 2019

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Wholesale-Broker Channel Keeps Expanding in 2Q19

Mortgage brokers feasted on a growing crop of refinance business during the second quarter, pushing the wholesale channel to a 14.6% share of new first-lien mortgage originations. Read More

Lenders Facing Capacity Issues. Any Underwriters to Spare?

Thanks to lower rates, residential loan production is booming but some lenders are experiencing capacity issues because they didn’t staff up quickly enough. Hard to find a good loan processor? You bet. Read More

Better.com Originations Spike; Firm Raises $160M

The fintech company boosted its mortgage originations significantly in the second quarter. The online lender also recently raised $160 million in capital and formed a partnership to handle originations for Ally Financial. Read More

Worried About Risk, Ginnie Issues New Servicer Requirements

Ginnie Mae said it will require MBS servicers with at least $25.0 billion worth of contracts to obtain an external primary servicer rating. Read More

The State of Mortgage M&A: Everyone is Too Busy to Sell?

Mortgage M&A activity is on the light side these days. The reason: Home lenders are too busy originating new loans and reaping the profits. Unless rates spike, the situation is unlikely to change. Read More

Analyst Warns of a Downside to New Condo Rules

HUD has made it easier for condo projects to qualify for FHA financing. But an analyst warned the move may not produce the desired results. Read More

Court Dismisses Shareholder Lawsuit Against Ocwen

An appeals court ruled in favor of Ocwen, finding that statements made by company officials were mere puffery that investors should not have relied on. Read More

Lenders Turn to Appendix Q As QM ‘Patch’ Nears End

With the “patch” set to expire as scheduled, lenders are pushing for changes to the Appendix Q documentation requirements. Read More

HUD Accused of Violating Injunction Order in DPA Case

HUD has rescinded a controversial rule on downpayment assistance. The withdrawal follows allegations HUD violated an injunction order. Read More

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