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Inside Mortgage Finance

February 1, 2024

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Nonbanks and Second-Tier Servicers Gain Share in 4Q23

Most of the companies that grew their owned servicing significantly in 2023 tapped a vibrant secondary market in bulk agency MSR. (Includes three data tables.) Read More

Lenders Look to Regulators for Help on Credit Score Pricing

The MBA is taking its concerns about rising costs associated with obtaining credit scores to the FHFA, CFPB and FTC. A CFPB official said the regulator is willing to consider looking into the issue. Read More

Speculation Regarding GSE Conservatorship Status Rising

As the Trump campaign gathers steam, investors seem to believe that means the GSEs are more likely to be released from conservatorship. Read More

Congress Considers Reforms to Halt NFIP ‘Death Spiral’

Sen. Tim Scott, R-SC, called for stronger flood mitigation efforts by states, more reliable funding for NFIP and more accurate flood maps. Read More

Lenders Frustrated With IRS Income Verification Service

Housing trade groups urged Congress to pass a bill to modernize the IRS’ income verification program. Read More

Senate Democrats Press Fed on Interest Rates, Housing

Five Democrats in the Senate wrote to the Fed this week pushing for a reduction in interest rates. The senators made their case by citing high costs for mortgages and a limited supply of homes for sale. Read More

Fannie Finds Issues With Lenders’ Collateral QC

Fannie Mae issued a report on quality control issues for loans reviewed in 2023, noting instances where lenders lost rep-and-warrant relief. Read More

Two Harbors Jumps Into Lending to Hedge Servicing

Mortgage REIT Two Harbors hopes to save a ton of money by servicing its $215 billion-plus MSR portfolio in house. It also wants to be a major player in the subservicing arena and is building an origination platform to protect against a refi wave. Read More

Nonbanks Seeing Liquidity for New Debt Offerings

Not every mortgage company can issue unsecured notes at a decent price, but a handful of larger shops can, especially if they own a ton of servicing rights. Read More

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