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Inside Mortgage Finance

June 27, 2024

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MSR Buyers Waiting for Supply to Increase

There’s more demand for mortgage servicing rights than there is supply at the moment, helping to keep prices for the assets elevated. Even if MSR sales increase this year, prices are expected to remain firm. Read More

Large Nonbank Lenders Gain Market Share in 1Q

Many large nonbank mortgage lenders increased production by double digits during the first quarter of 2024 while total originations were up only 3.2% from the fourth quarter. (Includes data table.) Read More

Freddie Gets Approval for Closed-End Seconds Pilot

The Federal Housing Finance Agency’s approval of the controversial pilot program comes with several conditions that limit the size and scope of Freddie’s second-lien purchases. Read More

Adjusting to a ‘New Mortgage Normal’

The first quarter of 2024 was trying for most privately held nonbanks, but it appears volumes and profits turned a corner in the second quarter. The reason: cost cuts and less competition. Call it the “new normal?” Read More

Flagstar Warehouse Staff’s Future Uncertain, For Now

What might JPMorgan do with the relationship managers attached to the $5 billion in warehouse loans it’s buying from Flagstar? To date, JPM hasn’t talked about details of the yet-to-close deal. Read More

Biden Administration Takes Steps on Affordable Housing

The Treasury Department announced $100 million in affordable housing funding, while HUD named recipients of its Pathways to Removing Obstacles to Housing grant competition. Read More

Federal Regulators Set New Standards for Use of AVMs

The final rule on the use of automated valuation models in mortgage lending includes a standard that seeks to ensure compliance with nondiscrimination laws. Read More

Smaller Investors Using Non-QMs for Home Purchases

Investor purchases of single-family rentals are on the rise, with many of the new rentals being owned by smaller independent investors. Read More

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