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Inside Mortgage Finance

June 6, 2024

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Broker Channel Gains Market Share in First Quarter

The broker channel remains the smallest of the three primary origination channels, though it showed the most growth in the first quarter. An estimated 19.1% of first-lien originations came through brokers. Read More

Lenders Defensive as CFPB Issues RFI on Closing Costs

The request for information touches on various fees associated with mortgage originations. Trade groups representing lenders are concerned that the CFPB will find that fee-disclosure standards are insufficient. Read More

A Changing Landscape for Warehouse Finance

The first quarter revealed slippage in warehouse financing and that Flagstar, a longtime player in the space, was pulling the plug. Still, there was a hint of good news: More nonbank originators are operating at break-even or better. Read More

Amid ‘Quiet Winddowns,’ Hometown Files for Bankruptcy

Hometown Lenders has filed for bankruptcy citing issues stemming from interest rate trends. Plenty of conventional lenders have folded their tents the past two years, but there hasn’t really been a groundswell in bankruptcy filings. Read More

Equifax Faces Antitrust Suit on Verification Services

Critics say the data giant’s exclusive contracts with data providers and strategic acquisition of potential competitors make it impossible for new market entrants to gain scale or price competitively. Read More

CFPB to Establish Registry Tracking Nonbank Compliance

The new registry includes some exemptions for nonbanks already reporting regulatory and court orders to the NMLS. Read More

Servicers Planning to Be Proactive With Technology

Servicers are working to shift from reaction-based investments in technology to forward-looking measures. That includes the use of artificial intelligence. Read More

Final Ruling Still Pending in BofA Mortgage Escrow Case

The Supreme Court’s decision to remand a lawsuit involving preemption back to a lower court leaves the issue unsettled as the high court offered a framework to review preemption rather than bright-line standards. Read More

Lenders Adapting to Risk of Climate-Related Flood

Researchers find evidence that, in areas with significant flood risk, lenders charge higher interest rates and assess lower home values, even if those areas are not included in FEMA flood maps. Read More

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