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Inside Mortgage Finance
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Points-and-Fees Language Passes House but White House Veto Looms

April 15, 2015
Thomas Ressler
Hours before the House vote, word came from the White House that President Obama would veto the measure.
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Low Credit Enhancement on New Jumbo MBS From Two Harbors

April 15, 2015
Brandon Ivey
Credit enhancement levels set by the rating services play a major role in an issuer’s decision to come to market.
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BofA Grows Originations by Almost 13 Percent; Layoffs Ensue

April 15, 2015
Paul Muolo
BofA continues to carve down the size of its mortgage servicing portfolio.
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FHFA Giving Mortgage Insurers an Early Peak at the PMIER Rules

April 15, 2015
Paul Muolo
The general fear is that higher-than-needed capital standards will cause mortgage insurers to hold unnecessary amounts of assets that will force the industry to raise premiums.
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Treasury Point Man on GSE Reform Defends PSPAs

April 15, 2015
Carisa Chappell
The remaining undrawn taxpayer commitment to the GSEs is $258.1 billion dollars, Stegman noted.
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Short Takes: Wall Street Firm Eyeing Mortgage Purchase? / SEC Won’t Take Action Against Carrington / Applications Decline Slightly / Relief for ‘Trailer Park’ Loans? / loanDepot Gets New Chief Credit Risk Officer

April 15, 2015
Brandon Ivey, Paul Muolo, and Thomas Ressler
The Wall Street firm hunting for mortgage acquisitions is not a depository like JPMorgan Chase...
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GSEs in Conservatorship Seen as Working ‘Pretty Well’ for Lenders

April 14, 2015
Brandon Ivey
“Fannie and Freddie have made tremendous strides to provide clarity in the system and create innovations,” said Peter Carroll, executive vice president for mortgage policy and counter party relations at Quicken Loans.
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Wells Fargo’s Originations for First Quarter 2015 Up By 36% Compared with Year Ago

April 14, 2015
Brandon Ivey
Wells' application pipeline is at the highest level seen since the second quarter of 2013.
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Chase Boosts Its Mortgage Originations But Income Takes a Hit Due to Competition

April 14, 2015
Brandon Ivey
Chase had $326 million in net income from mortgage banking in the first quarter of 2015, down 3.6 percent compared with the previous quarter.
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Ocwen Reports Fourth Quarter Earnings, Nonbank’s Auditor Has Concerns

April 14, 2015
Brandon Ivey
Ocwen officials stress that the company has made significant progress in strengthening its operations and capital structure.
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