Cart

Inside Mortgage Finance

May 4, 2023

View Archived Issues

Servicing Market Continues Shifting to Nonbanks in 1Q23

The coronation of JPMorgan Chase as king of the servicing market is unfolding in the second quarter as the company takes over First Republic’s whole-loan portfolio and Wells Fargo ships off $50 billion of agency MSR. (Includes three data charts.) Read More

Debt Ceiling Standoff Troubles Mortgage Industry

The government could default on its debt obligations as early as June 1, the Treasury Department warned. The development could have major ramifications for mortgage lenders and the broader economy. Read More

Chase Acquires First Republic With Help From FDIC

The FDIC closed First Republic Bank this week and JPMorgan Chase acquired substantially all of the bank, with help from a loss-sharing agreement provided by the FDIC. Read More

Another Servicer Becomes Available: SLS

Merger and acquisition activity is heating up, but most of it centers on mortgage servicing rights, huge blocks of it. Not only is SPS in play, but so too is SLS. Read More

Amid Plunging Volume, GSE Profits Tick Up

With volumes at lows not seen since before the Great Financial Crisis, Fannie and Freddie continue to turn in steady profits. Read More

Debate Persists Over Changes to Upfront Fees

Disagreements about the Federal Housing Finance Agency’s new pricing grids for Fannie Mae and Freddie Mac highlight differences between Democrats and Republicans. Read More

UWM Out-Earned Rocket in 2022, But Not on CEO Pay

Last year was a trying year for most lenders. Among publicly traded shops, Rocket’s Jay Farner was one of the highest paid CEOs in the land, topping Mat Ishbia at United Wholesale Mortgage. Read More

Regulators Plan Increased Scrutiny of Banks Following Failures

A combination of internal mismanagement and lax regulation led to the failures of Silicon Valley Bank and Signature Bank, according to reviews by the Fed and the FDIC. The regulators plan to tighten regulation of banks, including a focus on interest rate risk. Read More

Latest Imf News

More Imf News

Featured Data

More Featured Data

Featured Reports

More Latest Reports

Featured Poll

As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

View Results