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Inside Mortgage Finance

July 8, 2021

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Refi Stumble Leads to 2Q21 Slump in Agency Business

Lenders with heavy concentrations of refi loans, like Quicken and Freedom Mortgage, recorded big declines in agency business during the second quarter of 2021. (Includes two data charts.) Read More

Quicken Loans Ponders MSR Sales in a Hot Market

Nonbank originators that have been hoarding MSRs for the past 16 months are sitting in the catbird seat. Some bids are just shy of top dollar. Time to pull the sales trigger? Read More

Wells Becomes a Little Less Consumer Centric with Latest Moves

Have a personal line of credit with Wells Fargo? Cherish it while you can. The bank is yanking the product by summer’s end. Read More

FHFA Acting Director Pushing Fair Lending Agenda

Sandra Thompson’s elevation to acting director from her role as head of housing mission and goals presaged FHFA’s new focus on fair lending practices enforcement. Read More

CFBank Shifts Focus to Retail Mortgage Lending

The Ohio-based bank is winding down its direct-to-consumer mortgage lending business, citing falling margins and diminished refinances. Read More

Regulators Adjust Loan-Mod Standards to Help Borrowers

The changes: FHA has established a streamlined loan mod that servicers must offer to certain borrowers, GSE servicers have to follow the CFPB’s new standards a month earlier than intended, and Ginnie Mae and NCUA are allowing for a broader range of loan mods. Read More

End of QM Patch Creates New Standards, Liabilities

For the first time since QM standards took effect in early 2014, lenders can no longer rely on the government-sponsored enterprises to obtain QM status for a loan. Read More

Rocket, Home Point Face Class Action Lawsuits

Rocket Companies and Home Point Capital are being targeted in separate class action lawsuits by law firm Bragar Eagel & Squire. Read More

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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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