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Inside Mortgage Finance

February 15, 2024

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Private MIs Continue Losing Ground to Agencies in 4Q23

Private MIs reported another strong quarter in financial results even though their share of insured first-lien originations slid to its lowest point since 2020. (Includes four data tables.) Read More

Buying Higher-Coupon MSRs: A Steal, Perhaps

Buying 5% to 6% bulk MSRs in the secondary market might seem like a crazy idea given the prepayment risks involved. But the longer mortgage rates stay higher, the more it looks like a smart move. Read More

Trigger Lead Ban Gains Momentum in Congress

The Homebuyers Privacy Protection Act has bipartisan support in the House. The bill, like its companion bill in the Senate, would amend the Fair Credit Reporting Act to prohibit the sale of consumers’ information without their approval. Read More

Mixed Signs in Delinquency Readings at Yearend

Delinquencies increased in the fourth quarter as borrowers faced growing financial pressure. Still, some of the increase in delinquencies looks to be related to a quirk in the calendar. (Includes data tables.) Read More

Labor Board Rules UWM Employee Contract Illegal

Many of the problematic provisions in UWM’s employment contracts are common in the mortgage industry. Read More

Yellen Raises Concerns About Nonbanks, MBA Pushes Back

The Mortgage Bankers Association took Treasury Secretary Janet Yellen’s remarks as an opportunity to reiterate industry concerns about the Basel III endgame proposal. Read More

A Quiet M&A Market, And Then There’s Guild

San Diego-based Guild Mortgage said it’s buying origination assets from one of Utah’s largest lenders. Given the recent jump in interest rates, some believe the “roll-up” of shops is just getting started. Read More

Appraisal Bias Subcommittee Discusses Lack of Diversity

Jillian White, CEO of Appraisal Insights, called for the elimination of the supervisory-trainee program. Read More

USDA Can Be Liable for FCRA Violations, Supreme Court Says

Federal agencies aren’t immune from civil monetary penalties for Fair Credit Reporting Act violations, the Supreme Court ruled last week. Read More

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