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Home » Topics » Inside Mortgage Finance » Originations

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Obama Hints at Corker-Warner Support, Pushes for HARP 3.0

August 6, 2013
Paul Muolo
The White House believes that the current housing finance system, where the government guarantees more than 80 percent of all mortgages through Fannie Mae, Freddie Mac and FHA, is unsustainable.
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Short Takes: Is CashCall Off the Auction Block? / HSBC Could Take a Huge Hit on MBS Settlement / FHFA CSP Job Pays $450,000 / LenderLive Gets Ginnie Approvals / Eminent Domain Advances

August 6, 2013
Paul Muolo and George Brooks
Is refi specialist CashCall still on the auction block?
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Commercial MBS Issuance Slowed in 2Q, But Ahead of Last Year’s Pace

August 5, 2013
John Bancroft
Most of the apartment loans being securitized go through Fannie Mae and Freddie Mac programs.
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HUD to Implement New HECM Guidelines by October

August 5, 2013
George Brooks
The guidelines follow the Senate’s passage last week of the Reverse Mortgage Stabilization Act of 2013.
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Mortgage Brokers Continue to Hire, But Barely

August 5, 2013
Paul Muolo
Mortgage brokerage firms added new workers in June but at a very slow pace, a sign that the origination market is slowing.
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Short Takes: Ocwen Increases its Deal Pipeline to $400 Billion / Another Large Wholesaler to Exit? / But Integrity First Wants to Grow Wholesale / Ally Calls it Quits on Mortgage Banking / NAR Hates the PATH

August 5, 2013
Paul Muolo
Ocwen is looking at $400 billion of MSR deals, at least. Meanwhile, a lager wholesale may exit, and no, it's not EverBank.
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No Signs of Tapering Yet at the Fed

August 1, 2013
Thomas Ressler
After roiling markets with unclear signals about when it will begin to taper asset purchases, the Federal Reserve returned to boilerplate guidance.
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Mortgage Origination JVs Prepare for Life After Wells Fargo; Megabank Blames Exit on Dodd-Frank

August 1, 2013
When Wells Fargo recently pulled the plug on its remaining loan-production joint ventures, it downplayed the significance of the move, explaining that in the scheme of things these unique partnerships – mostly with real estate companies – account for just 3 percent of its total production. But for some of the eight JVs that were shoved aside, it could be a big deal because it means they may now have to find either a new partner or raise additional capital. Still, not all of the JVs are fretting...
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Loans with Low Interest Rates in Latest Non-Agency Jumbo MBS from Credit Suisse

July 31, 2013
Brandon Ivey
Credit Suisse issued a non-agency jumbo MBS with loans seasoned an average of three months that had interest rates well below current rates.
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FHFA Withdraws Proposed Rule on PACE Liens After Appeals Court Victory

July 31, 2013
Charles Wisniowski
The Federal Housing Finance Agency withdrew a proposed rule it was forced to issue regarding Property Assessed Clean Energy programs after prevailing in court.
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