Inside Mortgage Finance: What the Mortgage Market Reads, since 1984. Industry Data, News & Analysis. Also on LinkedIn: linkedin.com/company/2016720
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Earlier this month, the Arizona Department of Real Estate launched the Early Alert Real Estate System, which notifies property owners when an escrow officer submits a notice of pending sale that matches their name, parcel number or property address. insidemortgagefinance.com/ar…
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Rocket Mortgage and United Wholesale Mortgage remained the top two GSE sellers last month, with a combined market share of 20.4%. Rocket’s deliveries ebbed 3.4% from July, but its edge expanded as UWM saw a 13.1% monthly decline in sales to $5.81 billion. insidemortgagefinance.com/ar…
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The sharp increases in housing costs and auxiliary payments in recent years have multiplied the burden servicers face when carrying payments on a delinquent loan, Chris Joles, a senior vice president and chief credit officer at Planet Home Lending, said. insidemortgagefinance.com/ar…
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“The goal — and we’re going to get there — is to be able to have what we call the driverless mortgage, where borrowers can just self-serve and be able to originate a loan without dealing with a loan officer,” said Pennymac CEO David Spector. insidemortgagefinance.com/ar…
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Commenting on Colorado’s proposed Automated Decision-Making Technology Act, mortgage industry trade groups requested a period of non-enforcement or recognition of good faith compliance. insidemortgagefinance.com/ar…
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A rise in serious FHA delinquencies earlier this year is mostly attributable to reporting changes caused by trial payment plans, not borrower stress. But ~40 bps of the increase can’t be explained by the TPPs. That’s “nothing to sneeze at,” a CU exec says. insidemortgagefinance.com/ar…
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Better Markets, a nonprofit advocacy group, is suing the Federal Reserve and its Vice Chair Michelle Bowman for allegedly colluding with the nation’s largest banks to manipulate the rulemaking process for the Basel III re-proposal. insidemortgagefinance.com/ar…
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Structured financing holdings backed by mortgages were up slightly in 2Q26, but commercial/industrial loans continue to account for most structured finance, according to an Inside MBS & ABS analysis. Structured finance backed by “other” assets rose 2.5%. insidemortgagefinance.com/ar…
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Rep. Stephen Lynch, D-MA, offered amendments to the Consumer Financial Protection Accountability and Reform Act, seeking to strike “offensive language” in the bill that would ban states’ CFPA enforcement ability and CFPB’s ability to ban discrimination. insidemortgagefinance.com/ar…
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Some $140.46 billion of UPB in agency mortgage servicing transferred through bulk sales during 2Q26. Who’s holding what? Find out in IMF’s Mortgage Servicing Rights report. insidemortgagefinance.com/pr…
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Even for those consumers that have files at all three credit bureaus, if a bi-merge eliminates the highest score, the resulting lower average score could result in higher interest rates or worse terms for a mortgage, Equifax argues. insidemortgagefinance.com/ar…
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On the mLOOP platform, LOs create a profile and set parameters for what they’re seeking in an employer, like management styles, lender culture or certain benefits. A key feature of mLOOP: anonymity for both parties. Read more in IMF’s Loan Originator News. eepurl.com/hWQmrn
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After shedding commercial MBS for much of 2023 through 2025, banks and thrifts are once again getting more comfortable with the assets. Banks and thrifts held $8.44 billion of CMBS as of the end of June, 50.2% higher than a year ago. insidemortgagefinance.com/ar…
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Sen. Elizabeth Warren, D-MA, asked CFPB director nominee Brian Johnson whether he would “commit not to shut down” the CFPB if confirmed. Johnson said he would follow “any applicable statutes as written and as bound by judicial decisions.” insidemortgagefinance.com/ar…
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BofA Global Research emphasized that 98% of all VS4 originations with the GSEs have been by Rocket or UWM. And the share of loans scored using VS4 dipped from 5.6% for GSE MBS issuance in August to 4.3% for MBS issuance in the first 10 days of September. insidemortgagefinance.com/ar…
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KB Home delivered 2,732 homes in its fiscal third quarter (ending Aug. 31), a 19% decline on an annual basis. The average selling price for homes sold by the firm declined by 0.6% during that time. insidemortgagefinance.com/ar…
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TPG Angelo Gordon is marketing a $346.6 million securitization of closed-end seconds originated by Rocket Mortgage and other lenders. It’s the first securitization of home equity loans on the shelf operated by Angelo Gordon, which TPG acquired in 2023. insidemortgagefinance.com/ar…
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JPMorgan Chase remained the largest warehouse provider in the second quarter, with an estimated $27.90 billion total line amount as of the end of June. That was down 4.5% from the end of March. insidemortgagefinance.com/ar…
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Under revisions to the FHA handbook proposed Tuesday, FHA would accept the property condition and quality ratings scale used by the government-sponsored enterprises. insidemortgagefinance.com/ar…
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A few bright spots for production income in the second quarter came from loanDepot and Huntington Bank, which increased production income from the first quarter by 60.1% and 28.6%, respectively. insidemortgagefinance.com/ar…
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