The private MIs lost some market share to FHA and VA during the third quarter, but industry recorded a slight earnings boost. The inventory of PMI loans in default was up, as were claims paid. (Includes four data tables.)
Read More
In a review of the Federal Home Loan Bank system, the Federal Housing Finance Agency riled some mortgage industry participants by failing to endorse expanding FHLBank membership to include nonbanks.
Read More
New guidance from the Financial Stability Oversight Council makes it easier for FSOC to increase regulatory requirements for large nonbank financial companies. The move doesn’t sit well with the mortgage industry.
Read More
The profit picture is improving at many shops, but a discernible increase in originations will be needed before the industry can breathe easier.
Read More
Cenlar, the largest subservicer in the mortgage industry, has been on a middle- and senior-manager hiring spree the past 18 months as it tries to meet the demands of an OCC consent order filed two-plus years ago.
Read More
Consumer Financial Protection Bureau Director Rohit Chopra recently advocated for a Community Reinvestment Act-like regime for nonbanks at the state level. Trade groups reiterated their opposition to such a move.
Read More