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Inside Mortgage Finance

November 9, 2023

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Private MIs Post Solid 3Q23 Results, Lose Market Share

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

FHFA Puts Nonbank FHLB Eligibility Ball in Congress’ Court

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

MBA Slams FSOC Move to Increase Nonbank Oversight

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

A Hopeful Sign: Improving Gain-on-Sale Margins

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

When Might Cenlar be Sprung From Consent Order Prison?

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

Lenders Maintain Opposition to State CRA for Nonbanks

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

Congress Ponders Rising Costs of Home Insurance

Home insurance industry groups highlighted the factors behind the dramatic rise in home insurance premiums during a Capitol Hill hearing. Read More

Strauss Shifts Focus to Commercial Mortgage Lending

Former Sprout Mortgage CEO Michael Strauss is avoiding the residential market following regulatory scrutiny in Illinois. Read More

Mr. Cooper Locks Down Online Systems After Cybersecurity Breach

Mr. Cooper said customers would not incur fees, penalties or negative credit reporting due to late payments related to the shutdown. Read More

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