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Inside Mortgage Finance

July 27, 2023

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Mortgage Originations Roar Back in 2Q23. Will It Last?

Most top lenders reported substantial increases in first-lien originations during the second quarter. But the rebound in production doesn't appear to have lifted mortgage banking income much. (Includes two data charts.) Read More

Bank Regulators Propose Tougher Capital Requirements

A proposal floated by federal regulators seeks to base capital requirements for mortgages held in portfolio at big banks on loan-to-value ratios. Banks expressed grave concerns about the proposal. Read More

An Exodus of Sorts for Banks and Jumbos?

For years, banks have been dominant players in the non-agency jumbo space. One strategy: Originate a loan, place it in portfolio and earn a spread. But thanks to rising rates and increased regulatory scrutiny, the economics aren’t as attractive. Read More

Freedom to Pay LoanCare $23 Million in Servicing Dispute

A New Jersey jury this week agreed with LoanCare’s counterclaim that Freedom Mortgage fraudulently transferred funds when terminating a subservicing agreement. Read More

MBA Questions FSOC’s Nonbank SIFI Designation Proposal

The MBA said the proposal lacks a provision for a cost-benefit analysis and dispenses with assessing the likelihood that a firm would experience material financial distress in making the designation. Read More

MSR Auctions Expected to Increase After Lull

Look for Wells Fargo to offer more of its holdings while other shops, bank and nonbank alike, contemplate their futures. Read More

Investors Turn Focus From Fix-and-Flips to Rentals

Amid a housing supply crunch, investors are finding it more profitable to focus on rental properties instead of fix-and-flip homes. Read More

UI Calls for FHA, GSEs to Partner on Mortgage Access

The Urban Institute wants Fannie and Freddie to view FHA as a partner and share their data and underwriting models to assist in FHA’s mission. Read More

Federal Reserve Launches Instant Payment System

Although FedNow might seem an ideal fit for mortgage settlements, it remains to be seen if the industry will embrace this technology. Read More

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