Cart

Inside Mortgage Finance

November 2, 2023

View Archived Issues

Top Servicers Continue to Gain Market Share in 3Q23

The top 50 servicers boosted their portfolios by 1.7% during the third quarter, more than double the growth rate of the overall market. A number of companies recorded much bigger increases. (Includes three data tables.) Read More

The Exodus From Warehouse Finance Continues

When nonbanks hurt, their warehouse lenders hurt too, though in different ways. A sharp reduction in mortgage originations — with no interest rate relief in sight — is causing a handful of bankers to quit the space. Read More

Rising Expenses, Loss in Court Cut Into GSE Profits

Lower benefits for credit losses and an adverse decision in court undercut slight increases in revenues for Fannie Mae and Freddie Mac. Read More

Appraisal Hearing Calls for Training to Weed Out Bias

A hearing of the Federal Financial Institutions Examination Council’s Appraisal Subcommittee covered gaps in appraisal training and the lack of appraisers in rural areas. Read More

M&A: Plenty of Buyers as Sellers Ponder Future

Servicing sales are brisk, but “franchise” deals remain elusive. As for branch sales, buyers fear the “falling knife” risk. Read More

FEMA Seeks NFIP Debt Cancellation as Interest Payments Mount

The Federal Emergency Management Agency said debt for the flood insurance program is currently costing $309 million in semiannual interest payments, which could be utilized on disaster operations. Read More

Large Nonbanks Getting Creative With Capital Uses

Mr. Cooper is working on an MSR fund with institutional investors, with plans for the nonbank to handle subservicing, while Rithm Capital is still planning a spinoff of its mortgage unit despite the tough market. Read More

Two Small Banks Exit Mortgage Originations

People’s Bank of Commerce and First National Bank of Long Island have shuttered mortgage lending businesses due to rising rates and stiffer competition from nonbanks. Read More

Home Sale Shortage: Maybe It’s Not the ‘Lock-In Effect’

Only 6% of mortgage holders who expect to stay in their current home longer than anticipated attributed the decision to their low mortgage rate. 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