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Inside Mortgage Finance

September 19, 2024

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GSEs Lose More Servicing Share in Second Quarter

The GSEs have slowly been losing share in the servicing market since March 2022. In the second quarter of 2024, Ginnie Mae and the non-agency sector gained more servicing share. (Includes two data tables.) Read More

Mortgage Market Adjusts Following Fed’s 50-BP Rate Cut

The Federal Reserve announced a 50-basis-point reduction in the federal funds rate this week. Interest rates on mortgages have come down by more than that in recent weeks in anticipation of the Fed’s move. Read More

Subservicing Volume Declines Slightly in Second Quarter

At mid-year, Cenlar remained the largest subservicer in the land, but growing one’s book of contracts is getting more challenging. Meanwhile, PennyMac Financial wants to be a significant player. (Includes data table.) Read More

Bank Capital Re-Proposal Plan Brings Relief — and Uncertainty

More than a week after a Fed official outlined a planned re-proposal to adjust capital requirements for large banks, industry participants are still waiting for the formal document. Read More

Private-Equity Money and MSRs: Mostly Heaven?

Private-equity firms still love MSRs, apparently. But will declining mortgage rates diminish PE demand for servicing? Read More

Nonbanks Expect Home Equity Lending to Flourish

Borrower demand for home equity loans is expected to continue even as interest rates decline. Meanwhile, nonbank lenders are working to compete with depository institutions for the production. Read More

CFPB’s Reverse Redlining Charges Against Texas Lender Dismissed

The CFPB has 30 days to amend its complaint against Loan Originator Services as part of a fair lending lawsuit filed against a Texas-based developer and lender, Colony Ridge. Read More

HUD Partners With Zillow to Promote Counseling Services

Zillow will advertise on its platform a HUD campaign that seeks to create awareness of the availability of housing counseling services. Read More

Senate Republicans Introduce Housing Policy Reform Bill

The Renewing Opportunity in the American Dream to Housing Act seeks to improve housing counseling and financial literacy programs. Read More

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