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Inside Mortgage Finance

March 23, 2023

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HEL Softens in 4Q22, Unused HELOC Commitments Grow

Home-equity originations declined 14.7% from the third to the fourth quarter. But compared to 2021, the sector was glowing with a 49.1% spike in originations in 2022. (Includes three data charts.) Read More

Nation’s Largest Non-Agency Servicer ‘Still Available’

SPS is the nation’s largest servicer of nonprime mortgage assets. It also happens to be an orphan. The company is owned by Credit Suisse, whose new owner, UBS, isn’t likely to keep it. Read More

Banking Turmoil Moderates Fed Rate Hike

The economic impact of the Silicon Valley Bank collapse may serve as a substitute for future rate hikes. Read More

Mixed Read on Regional Banks Following Failures

First Republic Bank’s share price declined even after 11 big banks deposited $30 billion into the institution in a show of support. Western Alliance Bank has fared better, without coordinated support from other banks. Read More

Maybe Now Is a Time to Buy Mortgage Servicing Rights?

The first quarter hasn’t exactly been a barn-burner for MSR sales and the recent bank liquidity crisis hasn’t helped. However, some buyers might take advantage of the fears of others. Read More

Non-QM Fraud Nearly Topples Sterling Bank

The guilty plea by Sterling Bank includes $27.2 million in restitution. The DOJ said any higher amount would have put the bank out of business. Read More

New Disparate-Impact Rule May Revive Lawsuit

HUD’s decision to reinstate its 2013 “discriminatory effects standard” could revive an old lawsuit brought against the agency by two trade groups. Read More

Banks, Nonbanks Expand Special-Purpose Credit Programs

Special-purpose credit programs aim to close the racial wealth gap but panelists at a conference said the programs could disappear if underused. Read More

Grapevine: Trouble in Fix-and-Flip Land? / About Nonbanks…

There are plenty of fix-and-flip home sales but profitability is starting to slip. Meanwhile, in his new book, Calabria takes a poke at nonbanks. 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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