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Inside Mortgage Finance

August 15, 2024

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Purchase-Mortgage Production Steady in First Half of Year

The spring homebuying season helped to increase purchase-mortgage lending by 40% from the first quarter to the second. Still, the purchase sector lost some market share in the first half of the year as refi business percolates. (Includes five data tables.) Read More

Banks Reject CFPB Plan to Erase Medical Debt From Credit Reports

Trade groups believe the proposed rule will harm consumers by tightening credit standards. An association representing debt collection agencies warned that the proposal could lead borrowers to take on additional debt they can’t afford. Read More

Drop in Rates Comes as Demand for Purchase Mortgages Slows

Interest rates on mortgages declined as the traditional homebuying season nears an end. Demand for purchase mortgages also continues to be limited by weak inventory of homes for sale and elevated home prices. Read More

With MSR Prices Strong, Freedom Tests the Water

The servicing sales market has slowed this summer, but there are rumblings of activity. Freedom Mortgage, for instance, is peeling off a piece of its conventional portfolio. And a sale of SPS is in the works. Read More

A Changing of the Guard in Warehouse Lending

With mortgage originations coming off two challenging years — to put it mildly — now might be a good entry point for warehouse providers. At least that’s what Scotiabank is betting on. Read More

Piggybank Financing Still Available, Though Not Prevalent

While still offered, piggyback loans are relatively rare in today’s high-interest-rate environment. Read More

UI Urges Expanded Membership for FHLBanks

Although nonbank advocates have long argued for FHLBank membership, new proposals from the Urban Institute address key challenges. Read More

Contract-for-Deed Lending Subject to TILA, CFPB Says

Sellers repeatedly using contract-for-deed financing must assess a borrower’s ability to repay a loan and provide disclosures, the CFPB said in a new advisory opinion. Read More

Borrowers Show Demand for Digital Services

A Fannie survey of recent homebuyers shows a growing interest in digitizing the homebuying process. That includes finding a home, getting a mortgage and filling out the closing documents. Read More

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