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Home » Topics » Inside Mortgage Finance » Originations

Originations
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loanDepot Hires Caliber Executive John Bianchi to Head National Sales

January 7, 2019
Paul Muolo
loanDepot founder and CEO Anthony Hsieh: “We believe in distributed retail…”
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CMG Mortgage Expands in the Northeast, Assumes 14 RPM Branches

January 7, 2019
Paul Muolo
RPM CEO Rob Hirt was good-natured about the departures: “I wish CMG continued success into 2019…”
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Democrats on the HFSC Seek FHA Loans for DACA Recipients

January 7, 2019
George Brooks
Although HUD has voiced its opinion on the eligibility of DACA recipients informally, no official, definitive pronouncement has been issued – to the consternation of lenders.
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Short Takes: IRS Cranks Up the IVES Machine Again / Otting at FHFA, Day 1 / AltLoan Enlists a New Capital Markets Partner / 45 Percent Plan to Enter the Non-QM Space This Year / Academy LO Joins Bay Equity Home Loans

January 7, 2019
Paul Muolo and Brandon Ivey
Roughly 45 percent of respondents said they definitely will enter the the Non-QM market this year.
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MBS/ABS Market Ends Year with Lackluster Production. Weakest Reading in Five Years

January 4, 2019
John Bancroft
The biggest reason for the slump: the decline in single-family MBS production by Fannie, Freddie and Ginnie…
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Government Shutdown has Little Effect on FHA/VA Loan Programs (So Far)

January 4, 2019
George Brooks
No disasters have been reported yet, but some lenders are beginning to worry...
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What We’re Hearing: Top Production Exec Ready to Depart? / The Mel Watt Era at the FHFA is About to End / Will IBM do to Promontory What it Did to Seterus? / Ugly Mortgage Job Numbers / Selling Ditech Shares / Dynex Hires Dave Stevens as a Director

January 4, 2019
Paul Muolo
One former Fannie Mae executive familiar with Seterus opined that IBM likely received “pennies” compared to what it invested in Seterus...
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A Not-So-Pretty 4Q18 for GSE MBS Issuance

January 3, 2019
John Bancroft
Fannie and Freddie continued to see a slippage in the purchase market…
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Stratmor Sees a Strong Year for Mortgage M&A. However…

January 3, 2019
Brandon Ivey
However, Steve Harris, president of MIAC Capital Markets, said he sees a weak market when it comes to “franchise” deals.
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A Very Ugly Application Reading for the Week Ending Dec. 28. Surprise?

January 3, 2019
Paul Muolo
Brian Benjamin of Two Rivers Mortgage & Investment in Red Bank, NJ, noted that since the bond market rally in late December, “I’ve seen a pickup in calls, but refis are still dead.”
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