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‘Expanded Credit’ Originations Increase Ever so Slightly in 3Q17

November 27, 2017
Brandon Ivey
Non-QMs account for the bulk of expanded-credit originations, with a 78.0 percent share…
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Former FHA Commissioner/Ocwen Director Galante Suggests Raising the FHA Capital Ratio

November 27, 2017
George Brooks
Galante called for stronger capital reserves that could withstand the level of economic stress of the last recession.
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Impac President William Ashmore Has Left the Building

November 27, 2017
Paul Muolo
The lender/servicer is expected to name a successor to Ashmore shortly…
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Wells Fargo has its Executives on a Short Leash

November 27, 2017
Paul Muolo
When Codel was let go he forfeited restricted stock options…
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New CFPB Acting Director Mulvaney Tells Staff He’s in Charge

November 27, 2017
Paul Muolo and Thomas Ressler
OMB Director Mick Mulvaney arrived on G Street Monday morning, carrying a brown shopping bag and declaring he was the acting director of the CFPB…
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Short Takes: Don’t Ask Us, Try OMB / English has OMB Roots / Radian Sells Clayton Unit / Subprime Standards Tighten / Guild Expands into North Dakota

November 27, 2017
Brandon Ivey, Paul Muolo, and Thomas Ressler
Guild Mortgage, San Diego, has expanded its presence in the Midwest...
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New (Acting) CFPB Director Mulvaney: We Will Run This Agency Differently Than the Previous Administration

November 27, 2017
Paul Muolo and Thomas Ressler
Meet the CFPB's new boss – he's nothing like the old boss...
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Two Acting Directors Named. Who’s in Charge at the CFPB?

November 26, 2017
Paul Muolo
The White House, though, expects English to show up for work Monday morning as deputy director – and not acting director.
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Jumbo Originations Increase in 3Q17 but Sector Loses Some Market Share

November 22, 2017
Originations of jumbo mortgages increased in the third quarter of 2017 compared with the previous period, according to a new ranking and analysis by Inside Nonconforming Markets. But through nine months of the year, production was down compared with 2016 and the sector is losing market share as a handful of major lenders are seeing significant declines in their jumbo production. Demand for jumbo mortgages has declined somewhat, according to lenders ... [Includes one data chart]
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Third-Party Originators Continue Gaining Share in Purchase-Heavy Market of 3Q17

November 22, 2017
Correspondent originators and mortgage brokers saw the biggest increase in production during the third quarter of 2017, although retail lending was still the dominant channel, according to a new ranking and analysis by Inside Mortgage Finance.
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