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Inside Mortgage Finance

April 13, 2023

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Nonbank Servicing Share Up Slightly, Fannie Mae Shrinks

Prepayment speeds are at historic lows, but Fannie reported a net decline in single-family MBS outstanding during the first quarter, and Freddie was up just 0.1%. (Includes two data charts.) Read More

Top Lenders Gained Share in 4Q22 as Production Tumbled

Based on recently released HMDA data, first-lien originations in 2022 totaled an estimated $2.325 trillion, down 47.6% from the previous year. (Includes two data charts.) Read More

After Liquidity Crisis-Induced Pause, Banks Revisit MSRs

The bank liquidity crisis — although it had nothing to do with mortgages — slowed activity in the MSR sales arena. However, some buyers, including federally insured depositories, hung in there, picking up bargains. Read More

The Consolidation Question: What of HMPT, loanDepot?

Home Point, which once boasted a workforce of several thousand, soon will be down to a skeleton crew of 60 or so. Chances are, it will sell its servicing portfolio and call it a day. But it may not be alone on that score. Read More

Trade Groups Balk at CFPB’s Nonbank Registry Proposals

The mortgage industry has raised concerns over the cost implications of both the CFPB’s proposed repeat offender registry and its proposed registry of contract terms that nonbanks use to censor customers. Read More

GSEs Outperformed Goals on Their Equitable Housing Finance Plans

Both Fannie and Freddie made significant strides in meeting the objectives laid out in their 2022 equitable housing finance plans, according to progress reports released by the enterprises. Read More

New Tactics Needed to Close Homeownership Gap

Lenders should help borrowers buy down interest rates to help close the racial homeownership gap, experts said recently. Read More

Grapevine: UWM Launches 1% Down Loans; FTC Acts Against ICE

The nation’s second-largest residential mortgage lender based on 2022 originations has revived its conventional 1% downpayment mortgage product; FTC approaches court to stop ICE-Black Knight merger. Read More

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