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Inside Mortgage Finance

December 21, 2023

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Home Equity Lending Slows in Third Quarter

Originations of home equity lines of credit and closed-end second liens declined somewhat in the third quarter. Home price appreciation was offset by rising interest rates. (Includes three data tables.) Read More

FSOC Calls for More Oversight of Nonbank Servicers

The Financial Stability Oversight Council’s annual report included four recommendations to address concerns about risks from nonbank mortgage servicers. Read More

Revenge of the Little Guys: Small Lenders Gain Share

Nonbanks regained market share among the top 100 mortgage producers in the third quarter despite a small decline in volume. First-lien lending at small banks and credit unions was up. (Includes two data tables.) Read More

Lenders Support Senate Bill to Limit Trigger Leads

Housing industry trade groups are getting behind bipartisan legislation in the Senate which would prohibit consumer reporting companies from selling consumers’ contact information when they apply for a mortgage. Read More

Home Insurance Availability, Pricing Impacting Lenders

Homebuyers will continue to face challenges accessing homeowners insurance in 2024, Matic Insurance Services said. Read More

Potential Changes to Real Estate Agent Commissions a Concern

Community Home Lenders of America has sent a letter to federal mortgage regulators urging them to look into the potential mortgage financing fallout from the court ruling in Sitzer/Burnett v. NAR. Read More

First American Claims Title Insurance Not a Major Cost

First American Financial argues that title insurance is a negligible life-of-loan cost for homeowners and is not regressive. Read More

Regulators Offer Insight on Redlining Investigations

Federal regulators discussed best practices for lenders’ redlining analysis to head off regulatory risk. Separately, Navy Federal Credit Union faces mortgage lending discrimination allegations. Read More

Another Hurdle for Finance of America: A Possible Delisting

The publicly traded reverse mortgage lender faces NYSE delisting, while surviving on covenant waivers granted by its warehouse financiers. Read More

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