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Inside Mortgage Finance

May 30, 2024

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High-Balance Lending Slows in First Quarter

Banks reduced their non-agency jumbo lending in the early months of 2024, with nonbanks picking up some of the slack. Deliveries of high-balance mortgages into agency MBS also declined in the first quarter. (Includes three data tables.) Read More

Subservicing Volume Grows in First Quarter; M&A Afoot?

Changes could be underway in the subservicing sector. Number-one ranked Cenlar soon may be out from under OCC regulatory sanctions, while Select Portfolio Servicing takes a second trip to the auction block. (Includes data table.) Read More

UWM Ups Ante With Zero-Down Purchase Program

The program provides borrowers a 3% downpayment assistance second lien with up to $15,000 in financing. The loan does not accrue interest and does not require a monthly payment. Read More

A Positive Sign of Sorts: LO Comp Begins to Ebb

During refinance booms, loan officers can be worth their weight in gold but during a downturn LO costs need to be adjusted. That reckoning may be underway now. Read More

Lenders, Consumer Advocates Propose Updates to FHA Refi Program

The Center for Responsible Lending, the Housing Policy Council and the National Consumer Law Center are asking FHA to allow borrowers to roll closing costs into the balance of their streamline refinance loans. Read More

Appraisal Qualifications Board Weighs College Degree Requirement

The AQB is considering other professional work experience as a substitute for the college degree required for some licenses. Read More

Home Sales Subdued in April; Hope Springs Eternal

Sales of both existing and new homes declined on a monthly basis in April. Still, home sales and mortgage originations are expected to pick up as interest rates decline. Read More

GSE Shareholders Revive Appeal Following SCOTUS Ruling

After losing an appeal before a three-judge panel of the Federal Court of Appeals, plaintiffs are asking — for the second time — that the full court hear their case in light of a new Supreme Court decision. Read More

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