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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Shellpoint Provides More Details on First ‘Nonconforming’ MBS

May 15, 2013
Paul Muolo
A planned MBS from Shellpoint could provide more liquidity for loans made to self-employed borrowers.
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Short Takes: Turn the GSEs Into a Cooperative? / Share Price of Fannie Common Getting Frothy / FHA Finally Gets Some Good News / LPS Launches New Product / Fannie Ready for Modifications

May 15, 2013
Paul Muolo, George Brooks, and Charles Wisniowski
Why is the share price of Fannie Mae's junior preferred stock rising so much? Also, send Freddie Mac "back to the future"?
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Mortgage Deduction Maximized on the Coasts, Costs U.S. $72 Billion Annually

May 14, 2013
Thomas Ressler
The mortgage interest deduction is costing the U.S. Treasury roughly $72 billion a year.
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FHFA Called on to Turn Jumbo Market Over to Non-Agency Sector

May 14, 2013
Brandon Ivey
One mortgage expert warns that lowering GSE loan limits one step at a time to $417,000 could leave parts of the residential market underserved.
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SunTrust Hires Former CitiMortgage Executive to Run Retail Mortgages

May 14, 2013
Paul Muolo
Jeffrey Walker, the new head of residential retail for SunTrust, has worked for such lenders as CitiMortgage and Wells Fargo.
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Freddie Streamlined Modification Program to Boost MI Sector

May 14, 2013
Paul Muolo
A new modification program from Freddie Mac also will pay mortgage servicers $1,400 per unit for each successful loan restructuring.
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Short Takes: Sen. Franken Tries to Tell Wall Street How to Rate Deals / Impac Rewards Top Executives Nicely / A New Player in Warehouse Lending? / 360 Mortgage Continues to Expand in Wholesale / Two New Subcoms from MISMO

May 14, 2013
Paul Muolo, Thomas Ressler, and Brandon Ivey
If. Sen. Franken has his way, the MBS rating system will change. Meanwhile, top executives at Impac Mortgage clean up.
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Earnings Boost From Originations Offset Servicing Downturn in 1Q13

May 13, 2013
John Bancroft
Income tied to residential servicing was down 27.7 percent for the 10 lenders as a group.
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‘Appendix Q’ Compliance Key to Maintaining QM Legal Protections

May 13, 2013
Thomas Ressler
As adopted, Appendix Q of the QM rule requires items to be considered and verified for the two prior years, and requires well-documented projections for the following three years.
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Forecasters Predict an Origination Swoon in 2013

May 13, 2013
John Bancroft
Although 2013 will turn out to be a decent year in terms of residential production, next year could be quite ugly.
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