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Inside Mortgage Finance

May 26, 2022

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Production Channels Hit Equally in 1Q22 Nosedive

Retail, correspondent and wholesale-broker all saw sharp declines in production volume in the first quarter, but retail may have been the most profitable. (Includes six data charts.) Read More

Why MSR Values Count: The Regulators are Nervous

When rates increased substantially in the first quarter, many nonbanks moved aggressively to mark up the asset value of their MSR portfolios. There’s nothing wrong with that, but the volatile nature of servicing makes regulators nervous. (Includes data chart.) Read More

Market Volatility Prompting Wide Jumbo-Conforming Spread

Spreads on interest rates between jumbos and conventional-conforming mortgages are at some of the widest levels ever seen, driven by uncertainty on monetary policy and strong demand from banks for jumbos. Read More

Mortgage Companies Prompted to Assess Climate Change

The SEC has a proposed rule that would mandate climate-related disclosures. The Federal Housing Finance Agency and federal banking regulators are also incorporating climate-change assessments. Read More

Gordon Has Her Job Cut Out as FHA Commissioner

Even before Julia Gordon took oath as FHA commissioner last week, industry participants were reaching out with calls for action. Read More

FHFA IG Secures $248 Million in Fines and Restitution for Year

Despite a significant decline in indictments and convictions, the FHFA IG’s Office of Investigations secured more than six times as much in restitution than in the prior period. Read More

MBA Seeks Principles-Based Approach on AVM Oversight

The trade group said allowing companies using AVMs to adopt and maintain their own policies and practices would better recognize differing business models and levels of AVM usage. Read More

Citi Picks Mortgage Expert for Latest MDI Rotation Program

Citi’s Sandy Furlow will help Industrial Bank, a minority depository institution, build strong controls for its future growth within the mortgage business. Read More

Thompson Confirmed as FHFA Director

Thompson was confirmed on a vote of 49 to 46. Read More

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