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Inside Mortgage Finance

September 5, 2019

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First Timers Continue to Rely on GSEs, FHA/VA

Private MIs and Freddie Mac posted relatively larger gains in first-time buyer business during the second quarter, though the government-insured market was still the biggest source of such loans. Read More

With Rate Drop, Warehouse Lenders Find Themselves Swamped

When originations boom, warehouse banks clean up. In the second quarter commitment authority to nonbanks increased by 13.5% overall but usage rates are nearing 70%. Read More

Redwood Still Favors DTI Ratio to Confer QM Status

While several industry participants want the CFPB to choose the spread-at-origination metric to determine QM status, Redwood Trust favors using the DTI ratio. Read More

Despite Legal Setback, HUD Committed to DPA Rulemaking

After a court case didn’t go the agency’s way, HUD has promised to follow proper procedures on downpayment assistance rulemaking. Read More

Court Won’t Approve Ditech Bankruptcy Settlement

The success of the mortgage giant’s settlement with creditors depended on its assertion that the sale of its assets was part of its reorganization plan rather than Chapter 11 proceedings. Read More

Opendoor Launches Residential Lending Division

The buyer of homes for resale recently made a foray into the mortgage business. The firm is promising to close loans faster than the industry. Read More

Regulators Move to Ease Appraisal Requirements

Federal regulators are moving closer to allowing more residential mortgages to be originated without appraisals. Read More

FTHBs’ Mortgage Choices Driven by Affordability

Low-downpayment mortgages remain at the core of financing for first-time homebuyers, who continue to move away from FHA and VA programs to-ward conventional home loans. Read More

Mortgage Grapevine: Another Banner Production Quarter? / Houlihan Lokey, Treasury’s Fannie Mae Advisor?

Will the third quarter be better than the second for originators? Looks that way. Meanwhile, mortgage M&A advisor Houlihan Lokey might wind up as one of Treasury's GSE advisors.

 

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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