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Inside Mortgage Finance

May 23, 2024

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Government-Insured Products Gain Share in First Quarter

Originations of government-insured mortgages increased by 11.0% in the first quarter of 2024 compared with the previous quarter. Conventional-conforming and nonconforming products lost share during the quarter. (Includes two data tables.) Read More

CFPB Looking Into Rising Costs of Credit Reports

Speaking at the MBA secondary conference, CFPB Director Rohit Chopra pushed back against the argument that credit reporting fees are distinct from junk fees. He said the term junk fee extends to fees that lack competition in the market. Read More

Election Season and the GSE Conservatorship

Would a second Trump administration be more likely to take the GSEs out from under the government’s thumb? It didn’t work the first time around, but Biden hasn’t been interested at all. Read More

Loan Performance Improves at Large Servicers in 1Q

Delinquency rates declined during the first three months of 2024, according to the Inside Mortgage Finance Large Servicer Delinquency Index. (Includes data tables.) Read More

CFPB Ready to ‘Fire on All Cylinders’ Post SCOTUS Win

The CFPB is in the process of hiring 75 additional staff to help with the workload the bureau’s enforcement office is facing. Read More

Freddie’s CES Proposal Faces Opposition From Banks

The private market is providing adequate liquidity for closed-end second liens, according to the American Bankers Association. The trade group also questioned Freddie Mac’s motivations for a proposal to acquire seconds. Read More

Mortgage Market on the Very Gradual Mend

Economists pick through the mortgage data to try to understand when things will get better for the industry. Read More

Four Years of Breathing Room for Better Mortgage

A few years back, Better looked like a sure thing: It boasted state-of-the art origination technology. Today, the nonbank is bleeding red ink and dependent on a convertible note held by a Japanese multinational. Read More

PennyMac Sells More Debt, loanDepot Extends Maturity

Investors are seeing value in the unsecured notes of certain large nonbanks, increasing the ability of these shops to sell new debt. Not all lenders are responding, but new deals could be in the works as long as MSR keep rising in value. Read More

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