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Inside Mortgage Finance

March 17, 2022

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Home-Equity Lending Continues to Slide in 4Q21

Outstanding home-equity loans fell another 2.0% in 4Q21. Lenders cranked out $181.80 billion in new HELOC draws and closed-end seconds in 2021, including $48.50 billion in the fourth quarter, up a modest 4.1% sequentially but almost unchanged year-over-year. (Includes three data charts.) Read More

Searching for a Bottom in GOS: Soon, Maybe?

Origination profitability has been on a slippery slope the past year, but there are possible signs of stability. Or is that wishful thinking? (Includes data chart.) Read More

DOJ Self-Referring Redlining Investigations, Attorneys Say

According to Nelson Mullins attorneys, the DOJ is conducting statistical analyses on HMDA loan application register data to unearth potential fair lending violations. Read More

Lenders Comment on FHFA’s Strategic Plan

Mortgage professionals generally approve of the plan, but say more changes are needed to expand access to credit. Read More

UWM Jumps Into Bank Statement Loan Market. Will Others Follow?

When originations sag, one solution is to add new products, nonprime or otherwise. At least that’s what UWM did this week. Will it work? Read More

Hispanic Homeownership Rising But Challenges Remain

Industry participants discussed the challenges to homeownership growth among the U.S. Latino population during the National Association of Hispanic Real Estate Professionals’ annual conference this week. Read More

Ethnicity of Loan Originator a Factor in Mortgage Denials

An increase in the share of minorities working as loan originators could boost approval rates for loan applications by minority borrowers, according to findings from two new studies. Read More

Grapevine: Here Comes the Fed / A Good Thing to Own: MSRs

A Fed rate hike is bad news for most home lenders but a gift to owners of mortgage servicing rights. Time to sell receivables? Borrow against them? An interesting year lies ahead. 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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