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Home » Topics » Inside Mortgage Finance » Originations

Originations
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Bank of America Confirms Job Cuts in Its LandSafe Unit

March 13, 2013
Paul Muolo
A declining inventory of problem home mortgages and REO played a key role in Bank of America slashing the workforce of LandSafe by roughly 10 percent.
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Short Takes: A New FHFA Director to Be Unveiled Soon? / Nonbanks and Jumbos? / Rep. Ryan Plan to Kill the GSEs DOA / Apps Take A Tumble / Sen. Elizabeth Warren, Silent but Not for Long

March 13, 2013
Paul Muolo, Thomas Ressler, and Charles Wisniowski
Will the White House soon unveil its FHFA director candidate?
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Fannie Working on Changes to Buyback Policies

March 12, 2013
Paul Muolo
Fannie Mae is working on changes that may give some mortgage bankers relief on buybacks.
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Warehouse Lenders Saw Commitments Jump in 2012

March 12, 2013
Paul Muolo
When residential originations thrive, so does the warehouse lending sector, and 2012 was no exception.
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GOP Voices Concern on CFPB Contract Expenses, No Vote on Cordray This Week

March 12, 2013
Thomas Ressler
The GOP wants to know why the CFPB has spent so much money on outside contractors.
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Short Takes: Mortgage Master Top Lender in Massachusetts? / Nationstar Mortgage Executives Selling Shares / Help Save the FHA Multifamily Program

March 12, 2013
Paul Muolo and George Brooks
Is privately held nonbank Mortgage Master the Big Kahuna of residential lending in Massachusetts?
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Allonhill CEO Diana Mead Departs Due Diligence Vendor

March 11, 2013
Paul Muolo
Due diligence provider Allonhill LLC loses its CEO Diana Mead.
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CFPB Probing Ally’s Retail Financing Practices

March 11, 2013
Thomas Ressler
The SEC is investigating Ally Financial's retail lending practices but there are no additional details on the specifics.
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Jumbo Issuer Redwood Sells $288 Million of Debt

March 11, 2013
Paul Muolo
Redwood Trust taps the debt market for cash to support its jumbo MBS business.
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Short Takes: More Layoffs in the Foreclosure Review Space / FHFA IG Says Higher Rates Could Hurt the GSEs / Genworth Shares Spike / Waiting for Godot and Fannie’s 4Q Earnings

March 11, 2013
Paul Muolo
More foreclosure review workers are set to lose their jobs. This time the layoffs are happening at Aurora Bank of Denver.
Read More
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