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Inside Mortgage Finance

March 21, 2024

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Home Equity Lending Down Nearly 20% in 2023

Originations of home equity loans declined in the fourth quarter as interest rates increased. Though HELOCs still dominate home equity production, closed-end second liens gained share in 2023. (Includes three data tables.) Read More

Lenders Uncertain Following NAR Commission Settlement

The National Association of Realtors’ recent settlement could prompt a decline in the commission of a homebuyer’s real estate agent. The change could put pressure on both homebuyers and lenders. Read More

Some Headwinds for the Subservicing Sector

Vendors that ply their trade in the subservicing arena aren’t growing very quickly these days, though there are exceptions. Meanwhile, M&A activity has resulted in some attrition and more could be on the way. (Includes data table.) Read More

Chopra Critical of Appraisal Organization’s Leadership

CFPB Director Rohit Chopra detailed a number of concerns regarding the Appraisal Foundation. The foundation’s president defended the organization. Read More

Mixed Trends in Employment at Large Nonbanks

Employee count increased at United Wholesale Mortgage in 2023, while at Rocket Companies it was down 20.5% on an annual basis. (Includes data table.) Read More

Regulatory Environment Hinges on Election

Statements by President Biden indicate that, if he is re-elected, reducing housing costs will be a priority for the administration. If Trump returns, the regulatory environment is likely to be accommodative for lenders. Read More

The Energizer Bunny of the Industry: MSRs

What would mortgage bankers do if they didn’t have a massive reservoir of mortgage servicing rights to rely on during difficult times? Best not to think about it. But the good news is that servicing values remain strong. Read More

Former Freddie CEO Calls for More Regulation of FHLBanks

Don Layton applauded FHFA’s plans to reform the FHLBanks, arguing that it will take strong, independent supervision to prevent them from exploiting their government subsidy for private gain. Read More

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As homeowner equity continues to build, more and more lenders are launching home equity lending products. Are you thinking of joining this market?

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